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PartsSource Launches Second Annual Healthcare Technology Management Insights Report

PartsSource has unveiled its second annual State of Healthcare Technology Management (HTM) Insights Report, aimed at assisting healthcare providers in boosting the availability of clinical assets while reducing operational costs. This report showcases pivotal industry trends and offers data-driven insights, demonstrating how innovative HTM leaders are tackling pressing challenges to enhance equipment uptime, expand clinical capacity, and curtail expenses.

The release of this comprehensive report reinforces PartsSource's commitment to ensuring that healthcare remains consistently reliable, allowing providers to make data-informed decisions. By publicly sharing these findings, the company seeks to empower the broader HTM and supply chain community, extending the actionable insights typically available only to PartsSource PRO® clients, who already engage in regular discussions with their account managers.

Key Findings from the HTM Insights Report

This year's report emphasizes the urgent need for a transition from reactive problem-solving to proactive performance management within the healthcare sector. The current healthcare landscape is under immense financial and operational strain, characterized by escalating costs, labor shortages, and supply chain disruptions, leading to unanticipated equipment downtime that jeopardizes patient care.

A survey conducted by PartsSource among HTM leaders highlighted concerns regarding clinical assets, indicating that insufficient management could strain healthcare operations and significantly affect financial health. Philip Settimi, the President and CEO of PartsSource, emphasized the necessity for healthcare providers to adopt proactive, data-driven, and technology-enabled strategies to optimize clinical asset availability while sustaining their financial viability.

The Financial Landscape of Healthcare

The ongoing financial pressures within the healthcare sector are evident, as Jeff Evans, the Chief Commercial Officer at PartsSource, noted that declining margins are compounding the challenges providers face. Increased expenses, both in labor and non-labor categories, are compelling healthcare services to pursue operational optimization without compromising patient care quality.

According to research from Kaufman Hall in January 2025, the median year-to-date operating margins fell slightly to 1.7%, while total expenses increased by 4.7%. This underscores the need for effective, data-driven strategies to manage costs and maintain access to essential technology. Over 84% of HTM leaders identified cost control and reduction as their top priorities, highlighting the significance of proactive tactics, even amid persistent labor shortages, which 32% of survey respondents labeled the foremost obstacle to improvement.

Seven Opportunities for HTM Optimization

Drawing upon proprietary data from over 5,000 hospitals and insights from HTM leaders nationwide, the report identifies seven critical opportunities for healthcare providers to enhance efficiency, streamline operations, and reduce costs. The findings reveal that there is increasing pressure on healthcare leaders to improve asset availability amidst rising operational complexities, yet many still show limited adoption of predictive maintenance and continue to experience service delays.

Progressive healthcare providers are leveraging data-driven approaches, automation, vendor partnerships, and scalable training to extend equipment longevity, cut expenditures, and ensure continuous access to mission-critical technologies.

Pioneering Data-Driven Strategies in HTM

The professionals interviewed for the report articulate a pressing need to embrace innovative, data-oriented decision-making processes. Edgar Newell, Assistant Vice President for Clinical Engineering at RWJ Barnabas Health, highlighted the essential shift in thinking necessary for future readiness. Similarly, George Reed, Director of Clinical Engineering at WakeMed Health and Hospitals, urged organizations of all sizes to utilize their data proactively, enhancing program effectiveness and demonstrating value to leadership.

In these challenging economic and operational environments, the ability to access reliable, actionable data is more vital than ever. PartsSource, with the release of its HTM Insights Report, continues to spearhead the transformation of medical equipment management, ensuring that healthcare providers receive the insights needed to decrease costs, streamline their operations, and maintain uninterrupted clinical availability.

For more information and to download the full report, visit PartsSource.