Becker’s Healthcare Podcast John Shull, President of Shull Business Insights
Jun 23, 2025
John Shull, President of Shull Business Insights and former Corewell Health executive, digs into the need for modernizing capital management in healthcare. He highlights the chaos caused by outdated technology and siloed systems. Shull emphasizes the staggering $100 billion spent on hospital asset management and the importance of digitizing data for better efficiency. He also discusses the critical nature of strategic supplier relationships and outlines key pillars for transforming asset management processes in hospitals.
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Capital Management as Obstacle Course
- Hospitals' capital management feels like an obstacle course full of surprises and frustrations.
- It often becomes a matter of endurance rather than an efficient process to get approvals.
Why Capital Management Fails
- Capital management systems often fail due to outdated technology and siloed, incomplete data.
- Disjointed functions and lack of integration across asset lifecycle worsen management inefficiency.
Strategies to Modernize Capital Management
- Digitally capture and connect capital asset data using integrated or connected systems.
- Implement consistent project onboarding, realistic budgeting, data-driven prioritization, strategic partnerships, and aligned maintenance practices.