How long has it been since your organization conducted a physical inventory of property assets?

Word Cloud - Audit

Many hospitals believe that their general ledgers accurately account for assets that are physically located within the property.  The problem with this line of thinking is that if the facility has not conducted a capital audit within the last 3-5 years chances are the accounting ledger most likely doesn’t reflect what is actually within the facility.  The following story out of Santa Clara Valley Medical Center highlights what many facilities may be challenged with when accounting for medical assets.

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