Siemens Healthineers has teamed up with healthcare software company EquipX to uncover hidden capital opportunities in the management of its clinical equipment portfolios.

The German healthcare giant is looking to expand its understanding of real operating costs, utilization and business profitability on all levels, at all times to generate and invest more funds in its healthcare technology and services.

“This is a true collaboration of like-minded organizations working to bring our customers complete transparency in their capital equipment performance, and enabling their ability to receive the highest return from their investment,” said Dave Edwards, Siemens senior vice president and general manager, in a statement. “The EquipX solution offers the opportunity to unlock hidden capital and allow reallocation of funds to address their most pressing needs.”
Utilizing the EquipX platform will enable Siemens to perform comprehensive financial and performance analyses of its equipment; identify and adjust underutilized assets for redeployment and optimization; and forecast the full P&L of existing and future equipment portfolios.

In addition, the company will have access to the true market value of its equipment and gain insight on the more opportune points in time to sell clinical devices.

“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, life cycle management, and service contracts.”

Health IT Homepage