Physical Inventory
Return On Investment

Number of beds in the health system / hospital



Clients include:

Kaiser Permanente

Gwinnett Health System

St Luke's Health System

Rady Children's Hospital

Hackensack University Medical Center

Health Management Associates

Hospital Corporation of America


Healthcare, Hospital, and Medical
Fixed Asset Inventory Count Services


  • Acquisitions and Mergers
  • Equipment inventory for clinics, medical practices, and hospitals being acquired, or merging with other entities.

    Valuations of fixed assets and clinical equipment

  • Expansion, Construction, and Moves
  • Develop accurate baseline asset inventory of new equipment and assets

    Identify existing equipment for reallocation to new facilities

  • Capital Budgeting
  • Plan for future capital purchases based on accurate records of existing assets.

    Raise capital through identification and sale of unused equipment

    Reduce taxes and insurance premiums

  • Accounting Regulation and Audit Compliance
  • Independent professional fixed asset inventory for audit and regulatory compliance



Fixed asset physical inventory asset classes include:
  • Clinical / Biomed Equipment
  • Lab Equipment
  • Monitoring Equipment
  • Radiology and Sterilization
  • IT Assets
  • Audio Visual
  • Furniture and Fixtures
  • Kitchen, Office, and Health and Fitness Equipment

Asset Services' standard healthcare inventory service gathers data concerning:
  • Asset Number
  • Description
  • Biomed / ITAM identifier
  • Serial Number
  • Product or Model Number
  • Location

Utilizing bar code technology, asset inventories are done professionally, quickly, and accurately.

Asset Services inventory specialists are experienced in hospital and clinical environments, whether it is a medical office building, operating room, diagnostic imaging center, or patient room.

Some healthcare organizations require even more specific information pertinent to their organization. Asset Services will record any additional information required.

Fair market valuations of clinical equipment, IT equipment, and furniture/fixtures may be provided for a merger or acquisition.

Asset Services can also reconcile the physical inventory back to the asset ledger.

Asset Services recognizes the difficulty in maintaining and auditing your fixed asset inventory.  Inventories are time consuming, other priorities may take precedence, staff have other responsibilities, or an asset management system may not exist.


Choose Asset Services to conduct a thorough and professional fixed asset inventory or audit and eliminate the necessity of pulling valuable resources from their normal duties and projects.


Answers


How does the inventory process work?

Our inventory teams will make a sweep through your hospitals, MOB's, clinics, and adminstrative areas, and apply a barcoded property tag to every fixed asset. Information such as location, department, description, manufacturer, model, and serial number will be recorded using state-of-the-art barcode data collection terminals.

The information recorded during the physical inventory is compiled into an inventory report for your records.

Asset Services also provides valuations of assets and equipment for hospitals or clinics being purchased or merged, as well as reconciliations of the physical inventory back to the fixed asset ledger.

Asset Services inventory specialists are highly sensitive to the concerns of patients, doctors, nurses, and other health care and medical professionals. Asset Services takes pride in our ability to perform an inventory with no disruption to procedures and activities
back to common questions


How long does it take?


Our inventory specialists are extremely accurate and efficient at performing inventories. Physical inventories by trained and experienced professionals are completed in a fraction of the time it would take an untrained person to complete.  Using barcode technology and scanners reduces inventory time dramatically, compared to the "pen and paper" method. For example, our inventory specialists will complete an average sized clinic in a few hours, and an average hospital in a few days.
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How much does it cost?

The price of physical equipment inventory services varies with the size of the hospital or clinic, and your specific needs.   Our fees are very competitive compared to the cost of using internal resources.  Asset Services inventory specialists are fast, efficient, and knowledgeable about clinical equipment, and will focused solely on the physical inventory.    We'll be glad to give you a hassle free estimate.
back to common questions


Asset Services recognizes the difficulty in maintaining and auditing fixed asset inventories.  Inventories are time consuming, other priorities may take precedence, staff have other responsibilities, or an asset management system may not exist.





Learn how to:


  • Raise Capital by finding and selling unused assets.

  • Confidently answer question from auditors.

  • Reduce capital expenditures by identifying unused assets.



"We entered an unused storage room, and found nearly 100 IV Pumps we didn't even know we had!" - Charge Nurse