A variety of events, such as new construction, expanding service capabilities, or acquiring additional hospitals and clinics may require capital budgeting committees to allocate scarce capital resources and acquire new capital assets. While the capital budgeting process provides the financial framework for decision making, an asset assessment or inventory can be an important extension to this process.

St. Croix offers asset inventory and assessment services providing for the collecting of data from all the items of medical equipment with a purchase value of over a specified value. During this inventory assessment the following data is collected.

1. Existing asset tag number
2. Type of equipment (Radiology, Surgery, etc.)
3. Item Description
4. Location
5. Manufacturer
6. Condition / Age
7. Serial Number