Estimated Useful Lives Of Depreciable Hospital Assets 2023

An investment in capital assets is an integral part of every strategy to improve the quality and efficiency of health care services. Every capital asset has a limited useful service life, which must be determined and recorded to manage the capital planning process and meet government regulations.

This updated edition defines the productive period of time typical health care capital assets have before they become obsolete. The introduction includes an overview of the importance of the capital planning process and helpful tips on managing capital projects once they are under way. This edition contains information on hundreds of items and includes new capital assets that reflect recent technological developments. It provides asset life span estimates in reference tables for the major equipment and capital asset investments found in hospitals and physician group practices. This book can save any health care organization immeasurable time and reduce the risk of reimbursement questions arising from the assigned life of a capital asset.

"This text blends accounting and finance topics related to healthcare. It covers billing, coding, financial statements, as well as the general principles of financial planning, analysis, insurance, and accounting. It melds the best of current financial theory with the tools needed in the practice of healthcare managers"--