By reworking its diagnostic spending priorities, Aurora has created a process that is much more focused on the big picture—something Hahn sees as a major advantage moving forward.
"As far as the shift in how we approach capital spending, we were very much market-focused before," he says. "We are doing a lot more capital planning at the system level now. We go through and evaluate all of our diagnostic equipment according to age, technology, utilization, and we prioritize now as a system. We make system-level decisions on how much we are going to spend on diagnostic equipment in any given year. We feel better that the money is being spent in the best possible way… We have become much more disciplined as far as how we are managing our current assets."
And perhaps the best part is that Aurora will continue to experience significant savings as a result of its new capital spending strategy, Hahn believes. "This is the gift that keeps on giving. As we look at our capital spending going forward, we will have future savings… It has also given us a nice guideline to evaluate future needs."