CapitalNavigator, a new capital budgeting service from ECRI Institute, simplifies and expedites the decision-making process for planning medical technology purchases and projects at hospitals and health systems.
ECRI Institute’s technology experts examine capital requests, participate in budget committee meetings and offer unbiased insights and recommendations, enabling hospital leaders to prioritize and justify costly projects based on clinical and strategic objectives. CapitalNavigator budget reviews address clinical appropriateness and effectiveness, implementation needs, return on investment, standard of care and regulatory issues, obsolescence and industry trends.
Clients receive a customized decision-support model preloaded with their capital budget requests on ECRI Institute’s proprietary TruVu platform. The interactive visualization tool makes it possible to weigh variables, blind requests and play out “if/then” scenarios to see the impact of budget decisions.