Workstation on Wheels Cost: There’s More to Consider Than Just the Price Tag
Every industry faces pressure to cut costs while boosting efficiency and preserving bankroll, and this is especially true in healthcare. When considering a new investment, it’s understandable for healthcare systems to ensure the cost of the asset is matched or exceeded by its benefits. Investing in a workstation on wheels presents a unique opportunity for hospitals to see immediate boosts in clinical workflow efficiency, significant reductions in disruptions of care, improved patient engagement, and begin reaping long-term benefits from all three.
While the price of your investment is important, it’s not everything. Workstation on wheels cost presents only part of the investment equation to improve your organization’s efficiency. Return on investment (ROI), preventative maintenance and repair, time and labor savings from a mobilized clinical staff, as well as the price tag all factor into the total cost of ownership of a workstation on wheels.
Return on Investment
ROI is a ratio between net income and the investment. A high ROI means the investment’s gains compare favorably to its cost. As a performance measure, ROI is used to evaluate the efficiency of an investment.
ROI is important to remember when considering a workstation on wheels cost as it will determine how quickly your investment turns your bank ledger from red to black. Important ROI considerations for a Workstation on Wheels include:
- How many hours will it be used each week?
- How many minutes per hour are wasted with unnecessary movement?
- What is the average labor rate, including benefits?
- How many workstations will your organization need?
- What is the cost per workstation?
Plugging these numbers will give you a clear idea of what kind of return your investment in a workstation on wheels will bring you. To make this process as easy as possible, you can utilize the Definitive ROI Calculator to estimate your savings and ROI.
Preventive Maintenance and Repair
A workstation on wheels is a significant investment to your organization — without the proper care and maintenance, it will become even more of an investment. Typically, workstations on wheels, without maintenance and repair programs in place, last anywhere from three to five years. Without these services, your investment will need to be replaced in that regular cadence, putting intense strain on your bottom line.
Regular preventative maintenance and timely, efficient repairs play a significant role in lengthening the life of your investment and keeping clinical workflows optimized — both of which lower the total cost of ownership (TCO). Maintenance and repair programs, when properly implemented, can drastically reduce workstation on wheels cost in the long run. Further, when a service provider is hired to perform repair and maintenance tasks, your internal resources are freed from this labor, providing your organization additional cost savings through saved labor and uninterrupted clinical workflows.
Reduced Labor Costs
Labor costs are a major concern of any business, accounting for one of the most significant expenses. Reducing labor costs without sacrificing the quality of work can be challenging, but investing in a workstation on wheels is a proven way to do it. A workstation on wheels will help your healthcare facility reduce labor costs by:
- Reducing patient medication errors
- Boosting productivity by reducing wasted movement
- Allowing clinicians to take on more tasks by reducing clinical workload waste
When you equip your clinical workforce with the proper tools, they will work more efficiently. Boosted efficiency equates to more tasks completed per shift, as well as fewer errors and fewer tasks being repeated due to errors. This translates into growing profits and a lower workstation on wheels cost.
The initial “sticker shock” of the price of a workstation on wheels can be dramatic; however, that initial number is only part of the equation of finding the TCO. Initial price, ROI, repair, maintenance, the cost of replacing the workstation, and the benefits the investment provides to clinical workflow efficiency must be considered to fully understand your workstation on wheels cost.
Definitive Technology Group has the workstation on wheels and mobile power solution your clinical workforce needs. Visit our mobile medical carts page to learn more about our powerful solutions with powerful ROI for healthcare providers.
Ready to see our solutions in action? Request a demo today!