Thousands of pieces of equipment are found in the average hospital. And many pieces of equipment cost tens of thousands of dollars. For a hospital to provide timely medical care to its patients, it can not afford (for health and business reasons) for there to be a lot of down-time because equipment is in need of repair. Healthcare facilities management companies have a variety of different approaches to managing the hospital’s equipment, but in general, each piece of equipment is sold or leased to the hospital by a vendor and probably has some sort of maintenance requirements and some type of warranty agreement. Therefore, the management company coordinates the maintenance and repair of the equipment so that the hospital does not lose lives or money when the equipment is not working. New life-saving devices are constantly being introduced, upgraded and expanded in the field of healthcare. A healthcare facilities management company can help make crucial decisions on when to upgrade and when to wait. In a similar vein, the entire information technology revolution is enormously influencing healthcare and healthcare facilities management. Therefore, upgrading equipment could as easily mean upgrading ultrasound machines or software within the hospital’s information technology system.