Use of maintenance insurance to minimize costs

Hospitals are under tremendous pressure to compete for growth and survival. Increasing focus on the importance and criticality of cost containment has placed a much greater emphasis on the need to improve the cost effectiveness of healthcare facilities. All Clinical Engineering departments will be faced with intense financial pressures from administrators. In the area of equipment maintenance, besides four traditional approaches, maintenance insurance is a relatively new approach. It can be an effective method to save significant amounts of money for the hospital, depending on how it is administrated, cooperation of the authorized departments, the role of the administrator and choice of insurance carriers.