By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    stress disorder
    5 Ways To Manage Post-Traumatic Stress Disorder
    October 27, 2021
    Medical device classification and development strategies
    Medical device classification and development strategies
    April 5, 2023
    varicose veins
    Varicose Veins Prevention: 3 Lifestyle Changes to Make Right Now
    May 1, 2022
    Latest News
    Beyond Nutrition: Everyday Foods That Support Whole-Body Health
    June 15, 2025
    The Wide-Ranging Benefits of Magnesium Supplements
    June 11, 2025
    The Best Home Remedies for Migraines
    June 5, 2025
    The Hidden Impact Of Stress On Your Body’s Alignment And Balance
    May 22, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    health benefits of gene targeting research
    Breakthroughs in Gene Targeting in Mouse Can Help Humans
    December 4, 2022
    Weighing Up the Advantages and Disadvantages of Nursing Homes
    October 31, 2022
    get second opinion to avoid medical errors
    The Role Of Second Opinions In Medical Errors
    December 10, 2023
    Latest News
    Top HIPAA-Compliant Messaging Apps for Healthcare Teams
    June 25, 2025
    When Healthcare Ends, the Legal Process Begins: What Families Should Know About Probate and Medical Estates
    June 20, 2025
    Preventing Contamination In Healthcare Facilities Starts With Hygiene
    June 15, 2025
    Strengthening Healthcare Systems Through Clinical and Administrative Career Development
    June 13, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Asset Management the Siemens Way
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > Finance > Asset Management the Siemens Way
BusinessFinanceNewsRadiologyTechnology

Asset Management the Siemens Way

Steve Goldstein
Last updated: November 28, 2012 5:24 pm
Steve Goldstein
Share
5 Min Read
SHARE

Watch your assets! In healthcare delivery this has always been true and, with the advent of the Affordable Care Act, popularly known as Obamacare, there is a more pressing need than ever before to be smart about the systems you buy for the long run.

Watch your assets! In healthcare delivery this has always been true and, with the advent of the Affordable Care Act, popularly known as Obamacare, there is a more pressing need than ever before to be smart about the systems you buy for the long run.

Siemens Healthcare has a program it calls Installed Base Management, which is basically a holistic plan for conserving imaging systems and updating in an intelligent and cost effective way. At RSNA2012, I sat down with Sabine Duffy-Sandstrom, a Siemens VP in the Customer Solutions Group, and one of her customers, Jim Sapienza, administrator of imaging services at Tacoma, Wash.-based MultiCare. I had to admit that it seemed odd to be discussing managing existing systems rather than the latest and greatest thing since sliced bread — a RSNA hallmark.

“We have customers who want to replace systems because they’ve gotten old, we have customers who want to add options to their current systems — they have different ways they want to maximize their systems,” said Duffy. “It’s really about rather than selling them something, asking them what’s your plan? So we offer something we call a Customer Development Session. We use econometrics to examine the lay of the geographic area with population, institutions and outlook for disease. We also offer utilization management that examines the type of exams being done and their frequency. So we can use how the customer uses his assets and what the demand might be.

More Read

Paintball Pops Breast Implant in the UK
12 Common IRO Questions Answered
The Truth About Healthcare Around the World
How Medical Spa Software Is Revolutionizing Holistic Healthcare
Is Genetics Behind Your Motivation to Exercise?

“The third component is what the customer wants to do, what their mission may be to add programs or whatever,” she continued. “What comes out in the end is an asset management plan, usually a three- to five-year plan. And we offer this for free. But it isn’t Siemens trying to sell something necessarily; it can mean combining systems, eliminating assets or replacing one. When something changes in the reimbursement landscape, like Obamacare, people now are assessing whether they have the right mix of systems and do I need to upgrade. It’s also not just capability of systems, it’s staffing. You want your techs to be able to run any new systems, or upgraded ones.”

Siemens did a Customer Development Session with MultiCare Health Systems, which has five hospitals south of Seattle, a medical group of 400 physicians and which partners with three radiology groups. “We looked at equipment utilization and econometrics of demand for services and worked together to see what is needed,” said Sapienza. “Now we have monthly conversations that are not about Siemens trying to sell us things, but what are the needs and what are the solutions that Siemens can offer.

“A good example,” Sapienza continued “is with CT and MRI. The machines are workhorses and as long as you maintain them well and update components, the core guts of the machines can last a long time without having to swap in a whole new machine. Our health system can no longer sustain changing machines every five years.” He added that the conversations are also about whether all the various systems are being utilized in a cost-effective way.

Duffy said the program is a win-win. Customers are retained with smart evaluations and when new equipment is needed, Siemens has solutions at hand. By using some optimizing techniques, MultiCare has been able to save money on replacement costs. “Plus the conversations we’ve been having for the past few years, we’ve been anticipating now what’s happening in health care reform now,” Sapienza. “Instead of billing on volume, we are billing for value.”

“Everybody talks about asset management these days,” Duffy opined, “but we are really doing it.”

 

TAGGED:asset managementRSNA2012Siemens
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

women dental care
What Is a Smile Makeover and How Much Does It Cost?
Dental health
June 30, 2025
HIPAA-Compliant Messaging Apps
Top HIPAA-Compliant Messaging Apps for Healthcare Teams
Global Healthcare Policy & Law Technology
June 25, 2025
recovering from injury
Rebuilding After Injury: Path to Physical and Emotional Recovery
News
June 22, 2025
scientist using microscope
When Healthcare Ends, the Legal Process Begins: What Families Should Know About Probate and Medical Estates
Global Healthcare
June 18, 2025

You Might also Like

Devices Relieve Symptoms, Ignore Disease

March 22, 2011

Evolent CEO Frank Williams on Transforming Healthcare [TRANSCRIPT]

December 27, 2014

America Spends More on Emergency Medicine Than Previously Thought. Good or Bad?

May 19, 2013
healthcare marketing tips
Business

7 Counterintuitive Tips: Creating Content That Actually Means Something

December 4, 2013
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?