Economic Time Impacts on HTMA
Fawzan F. AlEnizi1, Abdullah M. Almodayan2, Ahmed S. Negm3
1Fawzan F. AlEnizi, Director of Healthcare Technology Management Administration, King Fahad Medical City, Riyadh, Saudi Arabia.
2Abdullah M Almodayan, Healthcare Technology Management Engineer, King Fahad Medical City, Riyadh, Saudi Arabia.
3Ahmed S. Negm, Consultant, Saudi Consolidated Engineering Company Khatib & Alami, Healthcare Technology Management Administration, King Fahad Medical City, Riyadh, Saudi Arabia.
Manuscript received on 17 January 2023 | Revised Manuscript received on 23 January 2023 | Manuscript Accepted on 15 February 2023 | Manuscript published on 28 February 2023 | PP: 1-11 | Volume-9 Issue-6, February 2023 | Retrieval Number: 100.1/ijmh.F1571029623 | DOI: 10.35940/ijmh.F1571.029623
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© The Authors. Published By: Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: There are many stages in the medical device management lifecycle to consider, and from the planning stage to commissioning, dismantling and decommissioning, replacing equipment is a critical decision. This phase encompasses several key pieces of information that inform intelligent replacement decisions. Technical, monetary and safety principles are taken into account when replacing medical equipment. One of the most frequently cited criteria is service life. In recent times, delivering a sustainable competitive advantage through the optimisation of non-essential activities has become increasingly relevant. A non-essential example is the Lifespan management of capital goods, which are required to support the processes involved in healthcare operations, ranging from acquiring assets to maximising operation, sustaining performance, and concluding the right time to dispose of them properly. The objective is to determine whether Total Cost Ownership (TCO) can provide recommendations for decision-making, even though it is capable of helping us identify the optimal economic life of the medical device. Overall, 40% of our specimens indicated that monitoring the total cost of ownership (TCO) is essential for continuously mapping the cost of these devices in service.
Keywords: Economic Life Cycle, Replacing, Depreciation value, Economic Lifetime.
Scope of the Article: General Management