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The Case for Asset Stewardship: How Healthcare Wastes Millions of Dollars on Endoscope Ownership

U.S. healthcare wastes millions of dollars treating costly endoscopes (some costing $50,000-$60,000), and other advanced medical instruments, as disposable assets rather than managing them appropriately. These costs, often hidden in capital accounts and over-priced service contracts and repairs, could be better spent on patient care and medical equipment. This situation, exacerbated by the lack of transparency and regulation in the instrument repair industry, demands a revised approach to instrument ownership within the healthcare sector.

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A Better Connected Care Journey

The article urges healthcare organizations to move towards integrated, digitally enabled care delivery, replacing outdated point solutions. It acknowledges some may need help overcoming hurdles.