Health Care Institutions Depend on Fixed Asset Management Software

Health care institutions are a perfect example of why fixed asset management software is so incredibly vital. In addition to saving you time and money, fixed asset management software can help you stay in compliance with accounting rules. The Sarbanes-Oxley Act, passed in 2002, puts increased pressure on organizations to be forthcoming and thorough with their financial disclosures in an effort to reduce accounting fraud. When you consider the sheer volume of fixed assets across a healthcare organization, it’s easy to understand why you need a centralized, streamlined system that houses all of your data, keeps everyone in the loop and empowers you to make informed financial decisions.

With the right fixed asset management software, you can maximize the lifespan of your vital assets, reduce loss and theft, maintain and even increase productivity, reduce your costs and better track repairs that are eligible for warranty claims. At the same time, you eliminate guesswork, increase accountability and decrease frustration. Ghost assets (missing assets for which unwitting companies continue to pay insurance) become a thing of the past. A fixed asset management software that’s powerful, yet intuitive will encourage maximum participation among your staff so that everyone involved in the lifecycle of your assets is communicating. It’s easier to stay on top of maintenance schedules for your expensive equipment and tools that require periodic servicing. Minor repairs don’t mushroom into major overhauls or even replacements.

Asset Panda offers the most powerful, yet easy to use fixed asset management software in the world – and at a fraction of the cost of our competitors. That’s because it’s streamlined, powered by free mobile iOS and Android apps that sync with the cloud and include a mobile barcode scanner. There’s no need for additional hardware. All you need are the smartphones and tablets you and your employees already carry. And you’re entitled to an unlimited number of users at no additional charge, so you can bring everyone into the conversation for maximum accountability and accuracy.

It’s easy to convert from your current legacy systems; exporting and importing data into Asset Panda is simple – and, in fact, Asset Panda’s entire design is intuitive and streamlined, so anyone can use it without special training. Features are completely customizable, from the dashboard, fields and columns to notifications, reports, alerts and security settings. And the app is flexible enough to incorporate new technologies as they become available in the future. Because it syncs with the cloud, your vital data is served up in real time 24 hours a day, so you have the assurance that the numbers you supply to your accounting and compliance teams are current and accurate. From the palm of your hand, check any item’s check-in/check-out status, exact location, the identity of the person who has it, its full maintenance history, warranty information, insurance and lease/purchase information, and much more. Create work orders, issue reports, and schedule alerts. Once you scan an item, it’s easy to add supporting documents, photos, videos and voice notes. Everything you need to responsibly manage your health care assets lives in the palm of your hand. Or use the web app if you’d like.

Health care is an extremely competitive market, which makes it ever-more crucial that you cut waste and rein in needless spending. If you want to maximize your investments and boost your bottom line, give Asset Panda a try – free – for 14 days. Find out why health care institutions trust us to help them manage millions of dollars’ worth of their most vital assets.


Courtney Roush

Courtney Roush is a freelance writer, editor, and communications strategist with 25 years of experience. Her favorite discipline is crisis communications – and it’s a highly relevant one in our present times.

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