FOR IMMEDIATE RELEASE
October 23, 2018
Playbook reveals 12 factors of effective capital renewal programs
CHICAGO – Creating a capital renewal program can help hospitals and health systems identify, prioritize, and execute maintenance projects while avoiding investment errors and unbudgeted costs. The American Society for Health Care Engineering, a professional membership group of the American Hospital Association, recently published a Capital Renewal Playbook to highlight best practices in health care capital renewal programs.
The playbook was developed by ASHE’s Health Care Executive Leadership Council. The document shows how to take a proactive approach to managing valuable facility assets.
“Allocating capital funding to maintenance projects is a continual challenge for health care facility managers and hospital leaders,” said Don King, CHFM, who helped develop the playbook. “To create the Capital Renewal Playbook, we looked at best practices across the country and identified 12 elements that are key to effective capital renewal programs in health care facilities.”
Critical elements include a facility condition assessment, metrics, alignment with organizational strategies, risk assessments, and multi-disciplinary teams.
“Health care facility professionals can use the Capital Renewal Playbook to bring value to their organizations,” said ASHE Executive Director PJ Andrus, MBA, CAE. “A comprehensive, strategic approach to capital renewal is a powerful tool that can help avoid costly interruptions in health care delivery.”
ASHE members can download a PDF copy of the Capital Renewal Playbook at no cost at www.ashe.org/monographs. Print versions are available for $25 for ASHE members and $35 for nonmembers.
ASHE is a professional membership group of the American Hospital Association. More than 12,500 members rely on ASHE as a key source of professional development, industry information, and advocacy, including representation on key issues that affect their work in the physical health care environment. For more information about ASHE, contact 312-422-3800 or visit www.ashe.org.