The Case for Asset Stewardship: How Healthcare Wastes Millions of Dollars on Endoscope Ownership

The use and ownership of endoscopes and other medical instruments in U.S. hospitals come with significant costs and challenges. These instruments are expensive to acquire and maintain, and hospitals often face hidden costs in service contracts and repair agreements. As a result, the healthcare industry is unnecessarily spending millions of dollars on these instruments. To address this issue, hospitals need to rethink how they approach instrument ownership, with an emphasis on education and demands for transparency from manufacturers and repair companies. By prioritizing training, negotiating service contracts, demanding transparency, and seeking second opinions, hospitals can become better stewards of their assets and make more informed decisions about their instrument ownership.

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