In healthcare’s uncertain financial climate, managing capital equipment spend has never been more critical—or more complex.
With rising operational costs, pressure to stretch budgets further, and the need to meet changing clinical and patient expectations, healthcare providers must find more effective ways to choose, install and maintain state-of-the-art medical equipment. This holds true whether the project involves the routine replacement of current equipment, or if it’s part of a new construction, renovation or expansion project.
High interest rates, tight profit margins and lack of experience make medical and capital projects challenging for facilities. These challenges place even greater importance on strategic planning because organizations, especially in the ambulatory space, must balance limited resources with the need to equip facilities with high-performing technologies that support quality care and long-term growth.
“Health systems continue a shift away from financing legacy hospital builds to focus more on the ambulatory setting (including medical office buildings, freestanding emergency departments and surgery centers),” according to Kaufman Hall’s 2025 Credit and Capital Markets Outlook.
The Provista Medical Equipment Planning program ensures that every project dollar for capital medical equipment, from MRI and CT machines to radiation therapy systems, is strategically invested and fully optimized. One differentiator for Provista is that it’s a group purchasing organization (GPO). This allows it to use the strength of its cost-savings contracts, vetted suppliers and strategic sourcing capabilities to support clients’ projects and meet their medical equipment needs.
Contracts are only the beginning for the program. Provista is the connective tissue for projects, bringing together all essential parties and resources to ensure medical equipment projects stay on track and on budget. Plus, with insights into both clinical and operational needs, along with capital-category expertise from Vizient, Provista’s contracting partner, and the Provista Medical Equipment Planning team, clients are assured of achieving quality outcomes.
Provista experts drive medical equipment success by managing all phases of a project:
- Facilitating early project planning
- Working with clinical users and other stakeholders
- Coordinating with architects and contractors
- Sourcing medical equipment with competitive pricing, terms and conditions
- Managing logistics for equipment delivery and installation
Here are five reasons healthcare organizations should consider partnering with Provista for capital medical equipment projects:
1. BENEFIT FROM STRATEGIC SOURCING
Provista offers a top-tier contract portfolio along with a team of sourcing experts to manage projects. Clients can customize their project based on its size, scope and goals.
In addition, facilities can take advantage of Provista’s special quarterly group buy promotions and other group purchasing-enabled opportunities to increase savings and gain better contract terms. Value extends beyond savings, too. For example, Provista Medical Equipment Planning experts negotiate terms for national contracts, which can help enable better warranties and service terms, and manage project schedules for efficiency.
