DALLAS, TX – The Broadlane Group, the leading end-to-end cost-management partner for healthcare providers, today launched Capital Equipment Solutions. The comprehensive business unit helps providers transform capital purchasing into a strategic, data-driven process that maximizes clinical and financial value throughout the entire capital equipment life cycle.
 
Staffed by medical equipment experts, Capital Equipment Solutions applies best practices to all aspects of capital equipment for optimal performance and cost savings. These proven practices deliver the lowest cost of acquisition and dramatically reduce total cost of ownership.
 
“Capital Equipment Solutions is the most complete, one-stop-shop for healthcare providers dealing with the capital equipment process. Our suite of solutions drives value across the entire continuum of care,” said Jocelyn Bradshaw, vice president of Capital Equipment Solutions. “Providers focused on incremental change will benefit greatly from our budget and equipment needs assessments. Likewise, providers wanting transformational improvements receive unparalleled resources and best practices that are part of the roadmap to maximum clinical and financial value – a comprehensively managed solution.”
 
Six products anchor Capital Equipment Solutions. Providers can select products separately or choose a comprehensive option through which all products are delivered in one seamless relationship:
 
·         Budget Assessment. Experts conduct a deep assessment to understand genuine needs with actual utilization in order to customize equipment specifications that uniquely meet both the provider’s clinical needs and their financial constraints.
·         Equipment Needs Assessment. Determines the best use and priority of capital funds through proper assessment of existing equipment, service considerations and future equipment needs.
·         HELP Equipment PlanningSM. This wholly-owned subsidiary of The Broadlane Group offers a highly automated, broad-based system of medical equipment project management with experienced staff that helps minimize design time and costs during the construction or renovation of healthcare facilities.
·         Purchasing Events. By identifying the right sourcing strategy and coordinating procurement, purchasing events such as Live Group Buys and Bulk Buys enable providers to realize significant savings on major diagnostic imaging equipment and large-quantity purchases of other capital items.
·         Quote Review Service. Because up to 80 percent of vendor quotes contain errors, Quote Review Service validates vendor pricing, terms and conditions. Vendors are notified of errors so that the quote can be corrected before the provider issues a purchase order.
·         Capital Process Management. A managed solution that delivers the entire suite of Capital Equipment Solutions products in one comprehensive offering. Clients receive a customized plan and capital expert resource to manage their capital equipment process. Capital Equipment Solutions currently manages more than $400 million in capital equipment purchases under this model.
 
“With declining reimbursements and endowments under pressure, many hospitals are struggling to meet their capital needs,” said Patrick Ryan, chairman and chief executive officer of The Broadlane Group. “With the launch of Capital Equipment Solutions, we can now partner with CFOs to help them invest the right amount of capital as effectively as possible.”