Greenhealth cost of ownership calculator

Greenhealth cost of ownership toolkit

Executive Summary

The Greenhealth cost of ownership calculator, designed by Practice Greenhealth and partners, helps hospitals and health systems make the best procurement decisions to meet their needs.

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GCO benefits

Medical devices and equipment cost more than their initial purchase price. Maintenance, energy demands, disposal costs, and other long-term costs of ownership can drastically change the lifetime price tag of products and equipment.

The Greenhealth cost of ownership calculator, designed by Practice Greenhealth and partners, helps hospitals and health systems make the best procurement decisions to meet their needs. 

The tool provides a framework to assess the financial costs and bring hidden costs to the surface, including:

  • Maintenance
  • Use
  • Disposal 

Looking at the maintenance, use, and disposal costs to an organization means looking at costs, such as:

  • Energy use, water consumption, fuel, and waste disposal
  • Cleaning
  • Consumables

Taking all of these factors into account helps purchasing and sustainability professionals work together to ensure every device and equipment purchase delivers maximum value to your organization over the long term. The calculator provides a framework to compare products to identify cost savings and best value with the ultimate goal of minimizing an organization’s environmental footprint and improving health.

Anyone can use the Greenhealth cost of ownership calculator. If you are not a member of Practice Greenhealth, we ask that you complete a short form before using the calculator. 

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Practice Greenhealth is the health care sector’s go-to source for information, tools, data, resources, and expert technical support on sustainability initiatives that help hospitals and health systems meet their health, financial, and community goals.

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