Generating Value in Public Health for Victoria
Challenges and opportunities for VIC Health Facilities
Ageing infrastructure, complex operating environments and shifting demographics, combined with constrained funding, all represent Asset Management and planning challenges for health administrators.
Optimising assets by minimising downtime increases performance and mitigates risk for healthcare workers and patients alike.
Making the best use of assets within the state is guided by the the Asset Management Accountability Framework (AMAF). This is the Victorian government’s policy framework which was introduced in February 2016. Although it is non-prescriptive and based on devolved accountability (so that public sector bodies can manage assets within their own specific operational context) it also includes a set of mandatory requirements.
Victoria’s Statewide design, service and infrastructure plan for Victoria’s health system 2017-2037 states that planning is needed to ensure existing assets are properly maintained and developed. It recognised that the health system is under pressure, and the biggest challenges and opportunities are:
Unprecedented population growth and ageing, from the rise in chronic disease, from more people surviving what were previously fatal conditions
The rising costs of care and technology, and from community expectations for better, more convenient and personalised services
Building a proactive system that promotes health and anticipates demand
Investing in the future of healthcare
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 Asset Management Plans.
Delivering better outcomes through effective Asset Management
The AssetFuture Advantage
| AMAF Mandatory Requirement | AssetFuture Capability |
|---|---|
| ISO55000 Alignment: Activities undertaken must be aligned to the international standard for Asset Management, as well as some specific different requirements. | AssetFuture Asset Information and Intelligence supports organisations on the journey to ISO55000. Asset Register is a core part of the integrity of the platform. We use comprehensive hierarchy and best practice adhering to ISO standards. |
| Strategy & Planning: Creation of Asset Management Plan (Part A - Strategic) and Asset Management Plan (Part B- Tactical). Asset Management strategy has short-term (1-3 year), medium-term (4-9 years) and long-term (10+ years) goals and targets. | AssetFuture’s Asset Intelligence is used for Asset Management Plans and Strategic Asset Management plans by all customers. Using scenario planning, and based on your maintenance strategy, you can create information to guide strategic and tactical plans. Clear visibility of current costs to operate and maintain, as well as preventative strategies can be generated into the future. |
| Lifecycle Delivery / AIMS Systems and processes in place to reliably: • Make evidence-based decisions about assets and report information • Updating asset information • Asset information interfacing with other operational and management information • Rapid reporting • Risk profiling and performance metrics • Audit requirements | AssetFuture’s reporting functionality supports procedures to manage asset information and comply with all audit requirements. Measure and report on cost, risk and performance, including Facilities Condition Index for part or all of your portfolio. Data integrity can be maintained through mobile applications for self management of defects, issues or capital works. Live asset condition degradation models enable frequent condition ratings. Proprietary methodology for risk profiling for a given funding level ACCRI - Asset Condition, Criticality and Risk Index. Data integration into CMMS systems, such as AIMS. |
| Risk & Review: • Maturity assessment • Performance monitoring and reporting | AssetFuture has established maturity assessment guidelines and activities that can be used for the self- assessment and guidance on the roadmap to Asset Management Maturity. Reporting functionality supports cost, risk and performance measurement and reporting. |