EquipX, a leading-edge healthcare software company, announced today a collaboration agreement with Siemens Healthineers to better manage clinical equipment portfolios by understanding real operating costs, utilization, and business profitability on all levels, at all times.
“Siemens Healthineers is very excited to work with EquipX in helping our mutual customers be more successful and make truly informed decisions regarding their capital equipment purchases,” said Dave Edwards, Siemens Senior Vice President and General Manager. “This is more than just a business relationship. This is a true collaboration of like-minded organizations working to bring our customers complete transparency into their capital equipment performance, and enabling their ability to receive the highest return from their investment. The EquipX solution offers the opportunity to unlock hidden capital and allow reallocation of funds to address their most pressing needs.”
The EquipX platform
– Delivers comprehensive financial and performance analysis of equipment portfolios
– Identifies underutilized assets, driving redeployment and optimization
– Forecasts the full P&L of existing and future equipment portfolios
– Determines true market value of equipment, an industry first
– Provides insight into the optimal point in time to sell clinical equipment
Jeff Aronson, EquipX Founder and President says, “EquipX specializes in maximizing the financial return on investment of capital equipment, a critical and timely solution to curb one of the largest expenses for hospitals and health systems today.” Ilan Mintz, EquipX Founder and CEO added, “We are thrilled to announce this partnership, and we look forward to putting critical information at Siemens Healthineers clients’ fingertips to help with capital planning, lifecycle management, and service contracts.”
Memorial Health System Executive Vice President and Chief Administrative Officer, Matthew Muhart says, “EquipX allows us to gain never-before-seen insight into our capital equipment portfolio, yielding significant opportunities to generate untapped funds to invest in our health system’s most critical priorities.”
EquipX is a software technology company based in Miami, Florida that is revolutionizing the way health systems manage their medical equipment portfolios. Its proprietary software platform provides financial, clinical, and procurement leaders with in-depth analytical and decision support tools to monitor equipment revenue, profitability, utilization, operating cost, maintenance cost, labor efficiency, and equipment value. That intelligence empowers decisions that can release untapped capital to use for the organization’s most pressing needs. To learn more, visit equipxmed.com.