MRG News & Views – Hospital Reclamation – June, 2014 Newsletter

 Hospital Reclaimation - transitioning from old to new

With aging infrastructures in healthcare many hospitals are finding themselves in a position economically to build new facilities instead of renovating existing buildings.  Many rural hospitals are purchasing larger parcels of property in order to accommodate additional growth that current properties are unable to support.

If your hospital is planning to build a new facility, it’s important to plan ahead and understand each step of the reclamation process when it comes to equipment impacted by the transition.  There are many challenges and obstacles associated with reclamation of an old facility.  Following are some thoughts to consider before the new infrastructure takes shape:

  •  Reach out to hospitals that have gone through a new build transition. Get their feedback on success stories and challenges they encountered during the reclamation process.
  • Have third party companies experienced in the reclamation process involved in early meetings.  Many of these companies can offer valuable insight in your planning process.
  • Consult with a transition/moving company that has experience relocating hospitals.
  • Have a clear timeline for the transition and when you will need to be out of the old building.
  • Identify what the plan is for the old building.  Will it be sold, transitioned into another business or demolished?
  • Consult with an experienced liquidation firm to assist with assessing and selling assets that will not be moved to the new property.
  • Determine if the current asset ledger is up to date and accurate.  It will be important to know which assets are located in your current property and determine assets that will be viable for the new location.
  • If the ledger is dated you may need to conduct a physical inventory of assets and equipment.  These items may include medical, IT equipment and office furniture.
  • When reviewing the approved capital budget for the new facility determine best course of action for assets that will be impacted by new purchases.  i.e. trade-in, resale, donate or salvage.
  • Determine which assets are going to be left behind and assess potential secondary market values
  • Clearly communicate with employees which assets have approval to move to the new building.  This will prevent unnecessary surplus from accumulating at the new property.

It’s not every day that new hospitals are built and those who have responsibility with reclamation of the old property are probably doing it for the first time.  The more one can educate themselves and have clear goals/objectives in place the better to help minimize stress associated with moving.

______________________________________________________________

MRG Recent Projects:

We assisted an Ohio hospital with the removal/resale of 542 qty. Alaris 8000 infusion pumps.

________________________________________________________________

MRG’s Appraisal of the Month:

Siemens Sonoline Antares Ultrasound system with probes, FMV: $21,000.00

Ultrasound pic

_______________________________________________________________

MRG Fun Facts:

The Eiffel Tower grows in summer. Since the structure is made of iron, it will expand with heat to more than six inches in hot weather.

Eiffel-Tower-Summer

_______________________________________________________________

Contact MRG:

Follow MRG on LinkedIn!  Stay connected with up-to-date information and news on inventory, appraisal, and resale management services when you follow Manage Resource Group, Inc. on LinkedIn!

Linked in

Follow us now for your chance to win! Once we have reached 50 followers, we will have a drawing for $25.00 Starbucks gift cards! Two winners will be selected.

_______________________________________________________________

About MRG:

Manage Resource Group, Inc. is a privately owned healthcare equipment management company headquartered in Berea, Ohio.  Our client focused services create strategies for each customer to increase profitability on capital equipment.  We are industry experts offering the following service lines:

  • Inventory services
  • Appraisal services
  • Resale management

For more information, visit our website at www.manageresourcegroup.net

 

Save the Date for 52nd Annual AHRMM conference

 

AHRMM14_masthead2

Manage Resource Group, Inc. will be exhibiting at the 52nd Annual AHRMM conference. The event is scheduled for August 3-6 at the Orlando World Center Marriott in Orlando, Florida. Mark your calendar to attend this great show that will feature the latest information and innovations for supply chain professionals.

Be sure to stop by and visit MRG at booth # 724. Click the link below for more information:

http://www.ahrmm.org/ahrmm/conference/annualconf14/index.jsp

Savings on Desktop Appraisal Services

Desktop Appraisal Services

Do you have a list of equipment that needs appraised? Desktop appraisals are an efficient manner to obtain Fair Market Values (FMV) when onsite evaluation is not necessary. Consider the benefits of MRG’s desktop appraisals:

  • Valuation of assets for property acquisition, merger, physician employment, or end of life equipment sale
  • Cost effective option for smaller physician practice valuation
  • Quick turnaround time on deliverables
  • Proactive approach for valuating replacement budgets
  • Uniform Standards for Professional Appraisal Practice (USPAP) applied to valuations
  • Third party objective view from member of National Association of Professional Appraisers (NAPA)

During the month of June, Manage Resource Group, Inc. will offer clients a savings of 10% off any desktop appraisal service. If you have any questions regarding equipment appraisals, please contact us at (888) 557-4797 or info@manageresourcegroup.net to discuss appraisal services further.

About MRG:

Manage Resource Group, Inc. is a privately-owned healthcare equipment management company headquartered in Berea, Ohio. Our client focused services create strategies for each customer to increase profitability on capital equipment. We are industry experts offering the following service lines:

  • Inventory services
  • Appraisal services
  • Resale management