Capital Renewal Playbook
Health care organizations rely on their facility portfolio to deliver care and support non-clinical functions. Yet allocating capital funding to maintenance projects is a continual challenge for facility managers and their leaders. Capital renewal programs, when aligned with the organization’s mission and other departmental strategies, can help health care organizations avoid costly interruptions in care delivery and help them manage costs over the life cycle of facility assets. This monograph, based on an assessment of best practices associated with capital renewal programs, explains 12 elements that are key to an effective capital renewal program.