Vytal, an asset lifecycle management platform built for healthcare operators, has officially launched after five years of investment, development and testing.
The platform aims to address challenges in the healthcare sector, including ageing infrastructure, stressed workforce, growing demand for sustainable operations, and tight margins.
According to a Vytal website, it serves as a single platform for smarter asset lifecycle management and integrates capital planning, asset management, regulatory compliance, and sustainable practices to help healthcare address the challenges.
It provides Work Order Management that helps in digitising facility maintenance while utilising real-time insights, Capital Program Management for optimised budgeting, Sustainable Environment Management by enabling assets to adapt to climate change requirements, and Regulatory Management for ensuring compliance by transitioning to a digital platform.
Aimed at reducing the cost to healthcare systems to manage their real estate, Vytal leverages modern technologies such as artificial intelligence (AI), machine learning (ML), robotics, automation, sensors, and the Internet of Things (IoT).
Vytal provides real-time monitoring of healthcare facilities, which in turn eliminates the need for siloed systems for owners and operators. This feature frees operators and owners from their manual, time-consuming status quo, and focuses on enhancing patient care and satisfaction.
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Over the past five years, the platform is claimed to have undergone testing and implementation in more than 50 hospitals.
As the global facility management market size is estimated to grow significantly in the next three years, Vytal states that it is in a robust position to expand.