Generating Value in Public Health for NSW
Challenges and opportunities for NSW Health Facilities
Ageing infrastructure, complex operating environments and shifting demographics, combined with constrained funding, all represent Asset Management and planning challenges for health administrators.
Approximately 40% of NSW Health’s built infrastructure is over 50 years old, which necessitates ongoing investment in maintenance and upgrades to meet current needs.
The NSW Government has recognised that the biggest challenges and opportunities for Health NSW include:
A growing and ageing population
The increasing cost of healthcare
A complex operating environment
Ageing health infrastructure
Technology and disruption
In October 2019, the Asset Management Policy for the NSW Public Sector (AM Policy) was released and published. There are core requirements from NSW Health and each Local Health District that need to be met, including Strategic Asset Management Plans (SAMPs) and Asset Management Plans (AMPs) that require information about assets, their condition and expected costs to maintain fit-for-purpose.
Optimising assets by minimising downtime increases performance and mitigates risk for healthcare workers and patients alike. To get better insight and develop more effective strategies, many organisations are turning to Asset Intelligence. It combines data and technology to generate a clear view of assets, balancing cost, risk and performance to enable the prioritisation of investment.
Asset Intelligence
Asset Intelligence is the merging of data and technology to give you a clear line-of-sight for the life cycle of your assets, balancing condition and risk in an environment where funding is constrained. This is especially important to health care providers struggling for sufficient funding to suit their needs and minimise the cost of maintaining facilities. This enables the ability for each organisation to continue to provide adequate services to the community.
Using powerful predictive modelling, Asset Intelligence provides you with insight to forecast cost. and manage risks accurately, model scenarios and enable evidence-based decision making through lifecycle.
Asset Intelligence drives your facility’s asset strategy that is aligned with business drivers, ensuring a complete line-of-sight from executive management through to operational delivery. This information feeds directly into your AMP and your SAMP.
Delivering better outcomes through effective Asset Management
The AssetFuture Advantage
| Asset Management Policy Requirement | AssetFuture Capability |
|---|---|
| Asset Management Principles: Using a whole-of-life costing approach, cost, risk and performance are measured and reported. |
Using scenario-planning, and based on your maintenance strategy, you can measure and report on cost, risk and performance, including Facilities Condition Index for part or all of your portfolio.Generate cost projections for your maintenance strategy 5 or 10+ years into the future. |
| Asset Management Framework: Developing SAMPs and AMPs documenting all lifecycle activities. Creating and maintaining an Asset Register. |
Using scenario-planning, and based on your maintenance strategy, you can measure and report on cost, risk and performance, including Facilities Condition Index for part or all of your portfolio.Generate cost projections for your maintenance strategy 5 or 10+ years into the future. |
| Policy Compliance and Disclosures: The implementation of procedures to manage asset information, and that asset management maturity is progressing. |
AssetFuture’s reporting functionality supports procedures to manage asset information, and comply with all audit requirements.Data integrity can be maintained through mobile applications for self-management of defects, issues or capital works. |