Is hospital medical equipment wearing out?
Some reports say that seventy percent of all hospital medical equipment is nearing the end of its operating life. These reports also say at the end of 2005, the average rate of deterioration for hospital medical equipment per year ranges from 10-20%.
These figures reflect the fact that the medical equipment is becoming older, and it will soon be necessary to replace it. The problem is that if the situation does not improve, then the lines for various tests will become longer, or that hospitals will not be able to provide some of the needed services and will be forced to send patients to other hospitals, including private ones.
Generally the more sophisticated and modern the hospital medical equipment, the more hopsitals charge for the service of the equipment. As the equipment gets older and less usable, the cost of updating the equipment goes up and the resell amount of the equipment goes down. As the equipment ages more and has hit a deterioration rate of 70% or more, the equipment needs to be replaced totally as the equipment gets harder to sell and the financial losses increase. Hospitals are attempting to hold on, but they do not have enough money to keep up with the pace of deterioration.
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