CRESTPOINT ASSET MANAGEMENT SYSTEM (CAMS)

(CAMS) CRESTPOINT ASSET MANAGEMENT SYSTEM

Asset inventory is the way an organization lists and provides details of the assets it owns. This can cover a range of different types of assets, from tangible fixed assets such as property and equipment, intangible assets such as intellectual property. 

Dealing with the asset inventory of an organization is often time-consuming and labor intensive. Yet, every organization needs some form of asset inventory management. This is universal but perhaps more acute with healthcare providers

Before you can manage your assets, you need to know what you have, what condition it is in, and how much longer

you expect it to last. Implementing a robust way of managing your asset inventory is a critical part of your organization’s accounting processes. It also helps to ensure that the organization has a clear understanding of the assets it owns and that said assets are being utilized in the most efficient and cost-effective way.

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Did you know?

Managing inventory of medicines, bandages and other supplies is a critical administrative function for healthcare organizations. In a recent survey, nearly 60 percent of healthcare providers, both public and private, who responded to the survey, said they struggled with expired medications. Roughly 50 percent also said that hoarding of supplies was an issue.