CHFM Practice Exam 2025 – Complete Study Guide

The primary goal of an asset management program in healthcare facilities is to track and manage the lifecycle of physical assets. This encompasses the systematic approach to the acquisition, operation, maintenance, utilization, and disposal of assets, ensuring they are used efficiently and effectively throughout their intended lifespan.

Managing the lifecycle of physical assets is crucial in healthcare settings because these facilities rely heavily on various equipment and infrastructure to provide safe and effective patient care. An effective asset management program helps ensure that equipment is maintained regularly to prevent breakdowns, thus supporting optimal operational efficiency. Additionally, it involves planning for future asset needs and budgeting for replacements or upgrades, which significantly impacts the facility's overall performance and financial health.

While minimizing staff turnover, enhancing marketing efforts, and reducing patient wait times are important considerations for healthcare facilities, they do not align directly with the specific objectives of asset management. Effective asset management indirectly supports patient care and operational efficiency, which can contribute to improved patient wait times and staff satisfaction—however, those are not the primary focus of an asset management program.