Capital Planning Features and How It Impacts Healthcare Construction

Capital Planning Features and How It Impacts Healthcare Construction


Healthcare has experienced a major shift in their focus when it comes to Capital Improvement Projects. In the past, constructing healthcare facilities was all about volume and having the most amount of rooms and hospital beds so that you can give more patients the care that they need.

Many healthcare industries have changed their fundamental approach to instead focus on providing the highest quality care to as many patients as they can without compromising on the quality standards. Being able to provide high quality care to patients actually goes back as far as the planning phase when you are constructing the facilities. It all starts with having a fundamental plan and design that supports the core tenants of your values and long-term vision for the organization.

Projectmates Capital Planning features can provide the blueprint for a successfully managed organization. The web-based construction management software provides Planning & Development Executives a highly robust Capital Planning Software to strategize and track their capital projects and funding sources. Multiple funds can be created, grouped, and balances can be tracked within Projectmates.

Executives can allocate funding to capital projects by fiscal year and project phase. With its intuitive design and workflows, Projectmates project management software for construction makes this highly complex process simpler with its graphical representations of projects, costs, and allocations.

Projectmates also gives owners the control to rank both funded and unfunded projects by a set of criteria that you control. This allows for the prioritizing of projects by need, regulatory or legal mandates, as well as many other types of ranking criteria.

In addition, funding rules can be set for the different phases and years of a project to allow for percentage funding across one or multiple funds, making sure that you are in complete control of the budget at all times.

Instead of continuously attempting to update spreadsheets that only one person can access at a time, fund managers can work collaboratively to get the most up-to-date information as commitments and pay applications are added and approved in Projectmates web-based construction management software.

Funding reports deliver an easy view of projected costs, committed fund amounts, and actual costs in real-time as projects move through their lifecycle within Projectmates.

Projectmates Capital Planning features are highly customizable and able to meet the specific needs of your organization. Capital Improvement Projects for Healthcare institutions are highly complex and time consuming. We provide the resources to healthcare organizations so that they can develop top notch facilities in the most time and cost-efficient manner possible.

Projectmates allows Healthcare institutions to spend less time and money on correcting mistakes and more time on what really matters, providing quality care for patients that are in need.

"At Projectmates we strive for excellence and giving the best product possible to our clients. Whether the industry is retail, government, education, or healthcare clients, we provide them with a dynamic software solution that streamlines their processes and allows them to make a difference." — Hemant Bhave, AIA, Vice President at Projectmates by Systemates, Inc.

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