Fixed assets in CIP are not being depreciated because they are not yet 'placed into service' due to inability to find a medical professional to operate the location, leading to overstated CIP balance and delayed depreciation.

Workarounds Described

• manual review of CIP status and judgment calls on placed-in-service

Implied Software Gaps

• software that automatically evaluates asset readiness against business milestones and flags idle assets for depreciation reclassification

CIP Catalyst

CIP Catalyst is a fixed asset management platform that automates the placed-in-service assessment by integrating with operational milestones. It flags idle assets, proposes depreciation start dates based on actual readiness vs. deployment, and reclassifies CIP to appropriate categories, preventing overstated balances and ensuring compliance.