Project Description
MCFA performed an asset relifing analysis for Covenant Health Systems, evaluating the useful life and financial depreciation of healthcare facilities and equipment. Our team conducted physical inspections, reviewed financial data, and identified opportunities to extend asset lifespans while reducing financial liabilities. This strategic assessment led to significant cost savings and improved financial planning for the healthcare system.
Services performed included the following:
- Conducted facility-wide asset inspections and financial evaluations.
- Developed updated depreciation schedules for healthcare infrastructure.
- Identified cost-saving opportunities totaling $5M in annual depreciation reductions.
