Best Hospital Asset Management Software

Best hospital asset management software systems are Asset infinity, Asset Panda, innoMaint, Fiix, Track, and EZofficeinventory. Exceptional features offering an easy-to-use interface explain the rising popularity of these software platforms.

Live Agent - Tejasvita Domadiya
Live Agent - Divyang Kansara
Live Agent - Manali Shah
Get Free Demo

No Cost Personal Advisor

List of 20 Best Hospital Asset Management Software

Showing 1 - 20 of 22 products

One Platform To Manage All Your Field Operations

Effort is a Field Force and Workforce management tool that comply with location-sensitive and time-critical activities, Effort is highly configurable and flexible for all businesses, Its an no-code and do it yourself DIY platform where. Read EFFORT Reviews

Emergents | 2024

Manage anything & everything of value to you!

Asset Infinity is cloud based Tracking, assigning, servicing, maintaining and discarding assets easier than ever with Asset Infinity, through alerts and reminders across devices and locations. Read Asset Infinity Reviews

Emergents | 2024

Software by Intelligent InSites

InSites for Clinics is a fully featured Hospital Management Software designed to serve SMEs, Agencies. InSites for Clinics provides end-to-end solutions designed for Windows. This online Hospital Management system offers Historical Reporting, Patient Flow Management, Patient Monitoring, Real Time Reporting at one place. Learn more about InSites for Clinics

Emergents | 2024

Asset Panda is highly customized and flexible asset management and it provides the solution to various firms. Delivers the solution with high quality, real-time information for every channel. Its cost is suitable for every size of the organization. Read Asset Panda Reviews

Emergents | 2024

ScienceSoft is the most experienced in Healthcare CRM tools. This cloud-based solution helps to improve the quality of services towards patients' care and satisfaction. The CRM is very advanced and insightful features for web content, Email marketing automation, measurable patient experience, having analytical patient experience tool. Learn more about ScienceSoft

Emergents | 2024

Fully integrated hospital management software

Enhance your hospital operation with  one of the  best and largest selling  hospital ERP software in India. Hospital ERP software by Software Associates has been enpowering hospitals across India by providing an integrated solution for managing all hospital operations. Learn more about VIKAS - Hospital ERP Softaware

Category Champions | 2024

Cloud Based Enterprise Asset Management Software

InnoMaint is a cloud-based equipment maintenance management system (cloud CMMS) that maintains your asset, schedule your maintenance activities, schedule, solution bank for engineers, and access it from anywhere, at any time through a web and mobile applications. Read InnoMaint Reviews

Most Reviewed

Emergents | 2024

Software by NetFacilities, Inc.

Keeping an eye over your maintenance work is highly daunting. NetFacilities makes its effortless as it comes with a suite well-thought in modules and automatic operating system. You can easily set up the maintenance tasks, keep a track over them and update your team about the work over a single click. Learn more about NetFacilities

Contenders | 2024

Software by Maintenance Assistant Inc

Fiix is the cloud-based solution maintenance management software solution that uses the every size of the business, from small to enterprise. It trusted by the thousands of the company across the world. The core functionalities include the assets management, cost management, manage worker productivity, labor scheduling, and manage warranty cost. It automated schedule of the maintenance, It creates the work order and assigns to the person on the base of date, time, event and meter regarding Fiix is integrated with a mobile app. So the concerned person can maintain the plant at any time and anywhere. The mobile app is completely accessible anywhere. By just scanning the asset barcode or a QR code to pull up the asset record. If there is any damage take a picture and generate the work order on the location. As it will complete, attach with the snap and close on the spot. Read Fiix Reviews

Emergents | 2024

Apptricity Asset Tracking is a fully featured Asset Management Software designed to serve Enterprises, Startups. Apptricity Asset Tracking provides end-to-end solutions designed for Web App. This online Asset Management system offers Activity Tracking, Location Tracking, Check-in / Check-out, Barcoding / RFID, Disposal Tracking at one place. Learn more about Apptricity Asset Tracking

Emergents | 2024

Hospital Management Software

Medinous is a fully integrated web enabled Hospital Management System for large & mid-size hospitals and clinics, specially crafted for streamlined operations, superior patient care, enhanced administration & control and improved profitability. Learn more about Medinous

Emergents | 2024

Software by Wasp Barcode Technologies

Wasp Barcode Technologies builds small business productivity solutions. Wasp provides asset, inventory, and time and attendance systems that are fairly priced, easily completed, and ready-to-use after installation. It is a stress-free Inventory Inventory Management software systems. Learn more about Wasp Inventory Management

Emergents | 2024

On-Cloud & Mobile-ready Asset Management Software

Track, manage and comply enterprise assets across group companies, or each company’s locations/units, sub locations, branches, or internal partitions with web based, mobile and cloud ready Tracet. Read Tracet Reviews

Category Champions | 2024

We complete the Healthcare Ecosystem

eHealthflex is a comprehensive Health-tech solution provider with an extensive healthcare platform to give the best in class service and solutions. The dynamic platform aims to deliver healthcare services and impart knowledge. Read eHealthFlex Reviews

Emergents | 2024

Software by FM:Systems Group, LLC

Maintain all your resources from a web-based dashboard with the help of FM:System. The facility management software comes with integrated modules, high-end integration and easy configuration that fits into any organization seamlessly. Learn more about FM:Interact

Emergents | 2024

Centricity Practice is a fully featured Medical Practice Management Software designed to serve Startups, SMEs. Centricity Practice Solution provides end-to-end solutions designed for Windows. This online Medical Practice Management system offers E-Prescribing , Patient Records, Patient Scheduling, Physician Scheduling at one place. Learn more about Centricity Practice

Contenders | 2024

Asset Tracking and Inventory Management software

EZOfficeInventory is the leading non-intrusive asset tracking, maintenance management, and inventory management software. Our intuitive interface means you'll be up and running in minutes, using features made specifically for all your asset management needs. Read EZOfficeInventory Reviews

Emergents | 2024

Software by Meditab Software Inc

Meditab is a leading provider of software in the healthcare industry. It have a simple mission to create the most advanced, intuitive technology solutions enabling healthcare providers to give their patients better care - the care they deserve. Learn more about Meditab

FMIS provides a full range of fixed asset management solutions to handle every aspect of your business requirements. Fixed Assets will make month-end processing, reporting and forecasting quicker and simpler. Read FMIS Fixed Asset Management Reviews

Emergents | 2024

The Complete Clinic Management System

LeHealth is a next-generation, comprehensive clinic management solution, developed with our learnings and expertise accumulated over the last 20 years of operations in the healthcare domain. Specifically, in the clinic management software sector. Learn more about LeHealth

Hospital Asset Management Software Guide

What Is Hospital Asset Management Software?

Hospital asset management software helps healthcare facilities manage their physical assets, such as medical equipment, furniture, and supplies. It enables hospitals and other healthcare organizations to track, maintain, and manage their assets more efficiently, ensuring they are in good working condition and available when needed. 

Software for managing hospital assets frequently has functions including inventory control, maintenance planning, asset tracking, and reporting. Healthcare firms can minimize equipment downtime, avert expensive malfunctions, and guarantee regulatory compliance by utilizing hospital asset management software.

Reducing pointless purchases and streamlining maintenance and repair procedures can also help hospitals save money.

Hospital asset management software is valuable for healthcare facilities to improve asset management practices and ensure high-quality patient care.

Benefits of Deploying A Hospital Asset Management System

The advantages of healthcare asset management can seem endless. But, essentially, a few benefits stand out the most for medical facilities:

Benefits of Hospital Asset Management Software

  1. Improved maintenance

    By automating maintenance schedules, recording repair histories, and offering real-time visibility into asset status, a hospital asset management system can help healthcare institutions maintain their equipment more efficiently. This can lessen downtime, eliminate machine malfunctions, and increase asset longevity.

  2. Patient safety

    Healthcare asset management software can help healthcare organizations provide high-quality care and improve patient safety by ensuring that equipment is in good working condition and available when needed.

  3. Reduce costs

    By maximizing asset utilization, reducing downtime, and eliminating irrational purchases, a hospital asset management system can assist healthcare businesses in cutting costs and saving money.

  4. Operational efficiency

    Healthcare asset management software can help healthcare organizations streamline their asset management processes, improve inventory management, and automate maintenance and repair operations, improving operational efficiency and reducing the burden on staff.

  5. Gain insights from reports

    A Hospital Asset Management System can assist healthcare companies in gaining insights into their asset usage, maintenance history, and operational efficiency so they can make data-driven choices by delivering real-time data and generating thorough reports.

  6. Improve the medical waste disposal process

    A Hospital Asset Management System can help healthcare facilities improve their medical waste disposal process by tracking the location and status of waste bins and ensuring that they are emptied promptly and appropriately.

  7. Improve staff productivity

    A Hospital Asset Management System can help healthcare organizations improve staff productivity and reduce the burden on frontline workers by automating routine asset management tasks, such as maintenance scheduling and inventory management.

  8. Regulatory compliance

    A Hospital Asset Management System can help healthcare organizations ensure compliance with regulatory standards, such as the Joint Commission's Environment of Care standards, by tracking asset histories, automating documentation, and providing real-time visibility into asset location and status.

  9. Decreased downtime

    By automating maintenance schedules and tracking repair histories, a Hospital Asset Management System can help healthcare organizations minimize equipment downtime and reduce the need for emergency repairs.

  10. Improve data security

    A Hospital Asset Management System can help healthcare organizations improve data security by providing secure storage for asset information and tracking who has access to it.

  11. Maximized asset utilization

    A Hospital Asset Management System can help healthcare organizations maximize their asset utilization and reduce waste by optimizing asset usage and identifying underutilized equipment.

  12. Invest in the right project at the right time

    By providing real-time visibility into asset status and generating detailed reports, a Hospital Asset Management System can help healthcare organizations make informed decisions about when to repair or replace assets, allowing them to invest in the right projects at the right time.

Why Is Hospital Asset Management Software Important?

Hospitals need hospital asset management software (HAMS) because it makes tracking their inventory of supplies, equipment, and other assets easier. Hospitals can prevent wasteful overstocking or understocking of supplies by keeping an accurate inventory, resulting in delays in patient care or wastage. Additionally, it assists hospitals in determining which assets require upkeep or repair, ensuring that machinery is constantly in good condition.

The program can assist hospitals in lowering asset management expenses. Hospitals may prevent wasting money on pointless acquisitions, upkeep, and repairs by effectively tracking assets. They can also determine which assets are not being used effectively and decide whether to repair or replace them with knowledge.

Hospitals must comply with various regulations, such as those related to medical equipment safety and maintenance. The software can help hospitals ensure compliance by tracking asset maintenance schedules and documenting maintenance and repairs.

Which Assets Can Be Tracked Using Hospital Asset Management Software?

Hospital asset management software can track a wide range of assets typically found in healthcare facilities, including.  

  1. Medical tools

    Hospital asset management software can track and manage medical assets such as surgical instruments, endoscopes, scalpels, and other diagnostic and surgical tools used in healthcare facilities.

  2. Medications

    The software can also track medications and other medical supplies, including their expiry dates, usage, and storage locations.

  3. Medical devices and equipment tracking

    Hospital asset management software can track and manage various medical devices and equipment, including ECG machines, ventilators, defibrillators, monitors, and more. This tracking can include maintenance schedules, usage logs, and calibration requirements.

  4. Information Technology (IT) Equipment

    Hospital asset management software can also track and manage IT equipment such as computers, servers, and printers, including their usage, maintenance history, and location

  5. Vehicles

    If a healthcare facility has vehicles, such as ambulances or service vehicles, a hospital asset tracking system can track and manage them, including maintenance schedules, fuel consumption, and driver logs.

  6. Linen and Uniforms

    Healthcare asset tracking software can also track and manage linen and uniforms, including their usage, cleaning schedules, and inventory levels. This tracking can help ensure adequate supplies for patient care and reduce unnecessary expenses.

Features of Hospital Asset Management Software

Biomedical asset management software typically includes various features to help healthcare facilities track and manage their assets efficiently. Here are some common features of hospital asset management software.

Features of Hospital Asset Management Software

  1. Asset Identification

    Medical facilities, equipment, and supplies may all be easily identified and tracked by healthcare organizations using hospital asset management software. Organizations can use it to easily discover assets, monitor their status, and measure utilization.

  2. Asset Tracking

    The healthcare industry can use this functionality to track the whereabouts and utilization of their assets in real-time. It aids businesses in tracking maintenance schedules, keeping track of asset mobility, and maximizing asset use.

  3. Work Orders (WO)

    Healthcare businesses can create, manage, and track work orders for asset maintenance, repairs, and replacements using hospital asset management software. Automating work orders, monitoring their progress, and producing reports on finished work orders are all beneficial.

  4. Data Collection

    With the help of this tool, healthcare organizations can gather and preserve information on asset usage, maintenance history, and other pertinent details. It enables businesses to produce reports for analysis and keep precise records of their assets.

  5. Finance

    Financial management capabilities are provided for asset management by hospital asset management software. It aids businesses in keeping tabs on expenses, computing depreciation, and managing budgets for assets.

  6. BI-Analytics

    Healthcare businesses can use hospital asset management software's business intelligence and analytics tools to make asset management decisions based on data.

  7. Helpdesk

    Healthcare facilities can monitor and address asset-related service requests thanks to this tool. It speeds up responses and simplifies the asset management process.

  8. Patient & Logistics

    Healthcare firms may manage patient care and asset logistics using hospital asset management software. It aids businesses in managing patient flow, keeping track of asset movement, and making the best use of their resources.

  9. Integration

    Hospital asset management software can be integrated with other healthcare software systems, such as electronic health records (EHRs), to provide a seamless asset management experience.

  10. Maintenance Management

    With the help of this service, healthcare companies can plan and manage asset maintenance tasks. Organizations may track maintenance history, automate maintenance procedures, and enhance asset performance.

  11. Utilization Management

    Healthcare businesses can track and improve asset utilization using hospital asset management software. It aids businesses in tracking asset consumption, locating underutilized assets, and enhancing productivity.

  12. Customer Portal

    With the help of this feature, healthcare firms can give clients—like patients and medical staff—self-service access to asset information.

  13. Contract

    Hospital asset management software helps organizations manage asset contracts, such as leasing and maintenance agreements. It helps organizations track contract terms, renewals, and payments.

How To Choose the Right Hospital Asset Management Software?

Choosing the right hospital asset management software can be a daunting task, but here are some key factors to consider when making your selection:   

  1. Requirements of the organization

    When selecting a hospital asset management software, it is essential to consider your organization's unique requirements. This involves evaluating the types of assets you manage, the number of locations, the size of your facility, and your specific asset tracking and management needs.

  2. Integrations

    The right hospital asset management software should integrate seamlessly with your existing systems, such as financial management software, ERP, and EHR systems. Consider software that supports standard data exchange protocols and APIs that facilitate interoperability.

  3. Customer support

    Look for a software vendor with robust customer support, including user training, technical support, and a responsive help desk. Ensure the vendor provides documentation and knowledge base resources that help you maximize the software's features.

  4. Security

    Medical equipment asset management software deals with sensitive patient records, billing information, and inventory details. Therefore, you need to select a software solution that guarantees high-level security. Consider software with role-based access controls, encryption, audit logs, and regular security updates.

  5. Reporting and analytics

    Reporting and analytics capabilities are crucial in asset management, as they help you gain insights into asset utilization, maintenance trends, and operational efficiency. Choose a software solution with robust reporting and analytics capabilities that provide real-time visibility into your asset performance and usage

  6. Ease of use

    A good hospital asset management software should be intuitive and easy to use. The software should be easy to navigate, with a user-friendly interface that allows you to access and manage assets quickly. Choose software that offers customization options, drag-and-drop functionality, and mobile access to ensure flexibility and ease of use.

Top 5 Hospital Asset Management Software: Comparison

Many hospital asset management software is available in the market, but below are five top software to implement in your hospital according to your requirements and budget.

Name
Free Trial
Demo
Starting Price

Asset Infinity

14 Days

Yes

$1.20/month

InSites for Clinics

7 Days

Yes Custom Pricing

Asset Panda

14 Days

Yes

$1499/year

ScienceSoft

14 Days

Yes

On Request

InnoMaint

7 Days

Yes

$39/month

1. Asset Infinity

Asset Infinity

Asset Infinity is a cloud-based asset tracking and management software designed to help organizations manage their physical assets efficiently. The platform provides a centralized location to track and manage assets, schedule maintenance, and automate workflows. 

It allows businesses to monitor their assets in real-time, streamline asset audits, reduce asset loss or theft, and maximize asset utilization. Asset Infinity offers features such as QR code and barcode scanning, custom reporting, asset depreciation tracking, and mobile accessibility. The software caters to various industries, including healthcare, education, construction, hospitality, and government.

Features

  • Asset tracking
  • Asset management
  • Maintenance management
  • Custom reports
  • Multi-location support
  • Integration with third-party tools 
  • Automated scheduling
  • Inventory management

Pros

  • Comprehensive features
  • Cloud-based
  • Real-time tracking
  • Customizable reporting
  • Mobile Accessibility

Cons

  • Learning curve
  • Limited integration options
  • Limited customization
  • Cost
  • Limited customer support

Pricing

  • Basic plan: This free plan includes up to 10 assets
  • Starter plan: $1.20 per asset per month and includes up to 50 assets
  • Standard plan: $2.40 per asset per month and includes up to 100 assets
  • Premium plan: $3.60 per asset per month and includes up to 500 assets
  • Enterprise plan: Customized pricing

2. InSites for Clinics

Insites for Clinics

InSites for Clinics is a comprehensive software platform designed to help healthcare clinics streamline their operations, improve patient care, and optimize financial performance. The platform offers a range of integrated solutions, including electronic health records (EHR), revenue cycle management (RCM), patient engagement tools, telemedicine capabilities, and analytics and reporting.

Features

  • Patient management
  • Electronic health records 
  • Revenue cycle management 
  • Patient engagement 
  • Telemedicine 

Pros

  • Customizable solutions 
  • Powerful analytics tools 
  • User-friendly interface

Cons

  • Can be expensive

Pricing

  • Custom quotations

3. Asset Panda

Asset Panda

Asset Panda is a cloud-based medical equipment tracking software that helps organizations manage and track their assets in real-time. Businesses may track inventories, machinery, tools, and other assets using its centralized platform, accessible from anywhere. Users can adapt Asset Panda to meet their needs by changing the software's fields and workflows. 

Additionally, the platform provides tools like mobile asset tracking, barcode scanning, and customizable reporting that can aid businesses in streamlining their asset management procedures. Businesses may reduce asset loss, increase asset usage, and simplify asset management procedures using Asset Panda.

Features

  • Calendar management
  • Barcode scanning
  • Equipment maintenance
  • Customizable workflows
  • Job management
  • Inventory management
  • Asset data import/export
  • Customizable reports and fields
  • Work order management

Pros

  • Customization
  • Mobile capabilities
  • Integration
  • Multiple location support
  • Audit and compliance
  • User-friendly

Cons

  • Price
  • Learning curve
  • Customization limitations
  • Limited mobile functionality
  • Support

Pricing

  • Basic Plan: $1,499 per year and includes up to 500 assets, unlimited users
  • Advanced Plan: $4,499 per year and includes up to 2,500 assets, unlimited users
  • Premium Plan: $8,499 per year and includes up to 5,000 assets, unlimited users
  • Enterprise Plan: Custom pricing

4. ScienceSoft

Science Soft

ScienceSoft is a software development company that provides various services, including custom software development, mobile application development, website design and development, and IT consulting. The company has over 32 years of experience in the IT industry and has served clients in various industries, including healthcare, banking, retail, and manufacturing. 

ScienceSoft employs over 700 professionals, including software developers, business analysts, project managers, and quality assurance specialists. It is known for its expertise in cutting-edge technologies such as artificial intelligence, machine learning, and the Internet of Things (IoT).

Features

  • Inventory management
  • Real-time location tracking
  • Data storage
  • Analytics and reporting on asset utilization
  • Inventory quality control and maintenance
  • Asset management 
  • Asset tracking
  • Maintenance management
  • Barcode scanning

Pros

  • Improved asset tracking and management
  • Better control over inventory
  • Automation of maintenance scheduling
  • Enhanced compliance
  • Customizable solutions 

Cons

  • Initial implementation costs 
  • Staff training 
  • Require ongoing maintenance and updates to remain effective
  • Time-consuming
  • Complex integration with other healthcare IT systems 

Pricing

  • On request

5. InnoMaint

Innomaint

A cloud-based maintenance management tool, InnoMaint aids enterprises in streamlining their maintenance procedures. Features including asset management, work order management, preventative maintenance, and inventory management are available in the software. This also helps keep track of missing or lost or stolen equipment.

Businesses in various sectors can use it, including manufacturing, healthcare, hospitality, and education. Users can use the software from anywhere with InnoMaint's mobile apps for iOS and Android smartphones. The program seeks to assist organizations in minimizing maintenance expenses while minimizing equipment downtime and improving equipment reliability.

Features

  • Automated scheduling
  • Asset management
  • Work order management
  • Preventive maintenance
  • Automated inventory management
  • Mobile apps
  • Customizable dashboards and reports
  • Integration
  • Maintenance analytics
  • Audit trail

Pros

  • Easy to use
  • Customizable
  • Mobile Accessibility
  • Preventive maintenance
  • Integration

Cons

  • Limited features
  • Limited reporting
  • Limited asset tracking
  • Pricing

Pricing

  • Basic Plan: $39/month up to 50 assets
  • Professional Plan: $199/month up to 500 assets
  • Enterprise Plan: Custom pricing with more than 500 assets

What Is the Average Cost of Hospital Asset Management Software?

Various variables, including the features offered, the size of the healthcare institution, the number of assets being managed, and the vendor offering the program, can affect the cost of hospital asset management software.

While some suppliers may charge a one-time cost for the software license, others may provide subscription-based pricing structures based on the number of users and the month. Additional fees for implementation, training, and support may be included in the pricing.

Depending on the software's complexity and the business's requirements, the average yearly cost of hospital asset management software can range from a few hundred to several thousand dollars. Some providers might provide specialized pricing packages to meet particular needs or let customers pay for their requirements. It is crucial to evaluate pricing structures and feature sets among various vendors to ensure that the software's price aligns with the organization's budget and requirements.

Conclusion

Healthcare facilities needing to track and manage their assets efficiently need hospital asset tracking software. Healthcare firms can use this software to enhance processes, cut costs, and guarantee that resources are used efficiently. The proper software solution for a healthcare facility must-have features like reporting and analytics, security, usability, and customer support. Healthcare institutions may maximize asset use, lower maintenance costs, and improve patient care with the proper hospital asset management software in place

FAQs

According to a report by Grand View Research, the global hospital asset management software market size was valued at USD 4.37 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 18.3% from 2021 to 2028. The primary factors driving the market's growth are the increasing demand for healthcare services, the rising adoption of advanced technologies in healthcare facilities, and the need to efficiently manage hospital assets.

The hospital asset management market was valued at USD 6.05 billion in 2021, according to a different MarketsandMarkets analysis. It is anticipated to expand to USD 11.91 billion by 2026 at a CAGR of 14.5%.

According to these estimates, the hospital asset management software market is expanding quickly due to the rising demand for healthcare services and the requirement for the effective administration of hospital assets.

According to a report by Grand View Research, the global market for hospital asset management software is anticipated to expand at a compound annual growth rate (CAGR) of 18.3% from 2021 to 2028. The expanding demand for healthcare services, the increased use of cutting-edge technologies in healthcare settings, and the requirement for effective management of hospital assets drive this growth rate.

According to a different MarketsandMarkets analysis, the size of the worldwide hospital asset management market is anticipated to increase between 2021 and 2026 at a CAGR of 14.5%.

These estimates show that the hospital asset management software market is expanding quickly. The rising demand for healthcare services and the requirement for more effective management of hospital assets are projected to keep the growth rate high in the upcoming years.

The primary driver of the hospital asset management software market is the rising demand for healthcare services globally. The need for healthcare services is driven by the expanding global population, aging populations, and the increased prevalence of chronic diseases, fueling the growth of medical facilities and equipment.

Additionally, as healthcare institutions work to streamline their processes, cut expenses, and enhance patient care, managing hospital assets effectively is more crucial than ever. Hospital asset management software may effectively track and manage assets, such as medical devices, equipment, and supplies, to ensure proper maintenance and effective use.

Also, the hospital asset management software market is expanding as healthcare institutions increasingly use cutting-edge technologies like the Internet of Things (IoT) and cloud computing. Real-time asset tracking and data analysis made possible by these technologies increase asset utilization and decrease downtime.

Last Updated: January 02, 2024