Investment in capital assets is an integral part of a hospital’s strategy to improve the quality and efficiency of its health services. Such investments often seek to anticipate future changes in healthcare delivery and the needs of the community. Developed in partnership with HFMA, the 2023 edition of Estimated Useful Lives of Depreciable Hospital Assets is a reference guide for the productive period of time for a wide variety of commonly used depreciable assets before they become technically or commercially obsolete. It includes an overview of the importance of the capital planning process, tips on managing capital projects and guidance on record-keeping functions for tracking assets. The 2023 edition includes over 100 new useful assets, including robotics and AI, that are quickly becoming part of the healthcare eco-system.
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