Enterprise Visibility Solutions

Transcription

1 WaveMark Enterprise Visibility Solutions Converting Data into Actionable Information

2 The Challenge: Control Costs and Improve Care at the Same Time Controlling costs while maintaining high quality patient care is an ongoing healthcare challenge. Inventory is a key factor in achieving the cost/quality balance; inefficient inventory systems can throw that balance off. Overstocking, shrinkage and loss are prevalent. Clinicians waste time searching for consumable assets. Expired consumables can create major regulatory risks and impact patient safety. WaveMark CIMS is an efficient inventory system that gives hospitals the one thing they need most to create and maintain cost/quality balance Enterprise Visibility. The Solution: A Higher Level of Enterprise Visibility Enterprise Visibility coupled with business intelligence gives you the insight to identify issues and the tools to perform predictive analysis to resolve them. The answer to Enterprise Visibility: WaveMark CIMS. The Next Wave of RTLS For tracking mobile assets, hospitals increasingly are turning to Real-time Location Services (RTLS). WaveMark CIMS is the next wave of RTLS: A real-time consumable asset tracking system. WaveMark CIMS leverages RFID and network technologies to track and manage consumable assets. You can view online the data collected from RFID tags, readers and smart cabinets and track inventory throughout every stage of care. With WaveMark CIMS, hospitals can track consumable assets and achieve the highest level of Enterprise Visibility. Digitized Data Capture Helping to increase revenue by capturing charges of consumable assets at the point of patient care. Real-time Inventory Automation RFID-enabled smart cabinets identify expiring and missing products and provide alerts when products are removed, streamlining re-ordering and rightsizing inventory to reduce supply cost. Regulatory Compliance From tissue tracking and implant registration to continuous product inventory and usage tracking, ensuring the right products are unexpired and available satisfies Joint Commission guidelines established to improve patient safety. Interoperability Integration with HIS, EMR and ERP systems provides unparalleled enterprise visibility and eliminates redundant data entry to increase operational efficiency. Workflow Optimization Optimize clinician workflow by freeing clinicians from manual data entry and reducing the time it takes to retrieve products during procedures. The resulting increased operational efficiency improves clinical outcomes by allowing caregivers to focus on patients and by ensuring their access to the right product at the right time for the right patient. Business Intelligence Analyze physician performance, perform predictive modeling, examine usage costs by manufacturer with reporting and analytical tools that provide crucial decision support.

3 Enterprise Visibility Digitized Data Capture Real-time Inventory Automation Regulatory Compliance Interoperability (HIS, EMR, ERP) Workflow Optimization Business Intelligence Increase Revenue Reduce Supply Cost Improve Patient Safety Increase Operational Efficiency Decision Support The CFO is happy because we are saving money, the CEO is happy because the doctors have what they want, and I m happy because my nurses and techs are happy! Thank you, WaveMark! Graydon Parchmont Director, Cardiovascular Services Baptist Hospitals of Southeast Texas

4 WaveMark CIMS Capabilities WaveMark bridges the gap between medical device manufacturers and hospitals to provide true Enterprise Visibility to optimize workflow and the supply chain. Through our strategic partnership with manufacturers, WaveMark technology is used in thousands of hospitals worldwide. Track The movement of all consumable assets. Alert Staff of low supply levels, upcoming expiration dates and recalled products. Manage All consumable assets throughout the hospital. Integrate Consumable asset information into clinical systems, like billing, EMR, MMIS, ERP and other hospital information systems. How It Works Tag An RFID tag is attached to device packaging and scanned with a barcode reader. Use Captures product usage at the point of use, rather than point of retrieval, for more accurate charge capture and easier inventory reconciliation. Store WaveMark smart cabinets built-in RFID antennas and processors count inventory every 20 minutes. Cabinets come in many forms standing bins, hanging cabinets and mobile carts. Replace Automated replenishment is based on actual rate of product usage, expiration dates and existing inventory. Optimize Gain complete insight into inventory levels and medical device usage with distributorto-hospital asset tracking.

5 WaveMark CIMS gives you dynamic Enterprise Visibility for managing inventory more effectively than you ever thought possible, from optimizing consumables usage, to balancing consigned par levels with utilization. These powerful analytical tools ensure transparency, generate data to improve utilization, reveal cost trends and provide a single source of truly accurate information for healthcare executives, individual physicians, and suppliers.

6 WaveMark gives me control. I tracked inventory pretty closely before, but there were always a few products that were unaccounted for. With WaveMark I know exactly what I have, how much and when I need to reorder, and I immediately know if something is missing. Raul Navarro Supply Coordinator, 7-room Cath Lab UMass Medical Center The WaveMark Advantage Enterprise Visibility Predictive analysis and advice Billing accuracy Real-time location of consumable assets Instant alerts about inventory levels or missing supplies Better utilization of high-value assets Fewer write-offs Mobile accessibility (tablet, smartphone, laptop, etc.) Automated replenishment Improved regulatory compliance Individual item tracking Available as a SaaS, cloud-based solution About WaveMark WaveMark is a global company headquartered in Littleton, Massachusetts. Our products, which are available on a softwareas-a-service basis, were designed specifically for the healthcare industry by a team of clinicians. WaveMark RFID information management systems eliminate manual processes, reduce costs and streamline workflow for hospitals and medical device suppliers in 3,000 locations in North America, Europe and Asia. In addition, WaveMark solutions support regulatory compliance and deliver a rapid return on investment by offering consumable asset visibility through our inventory tracking system. For more information, please visit us at WaveMark, Inc. One Monarch Drive Littleton, MA WaveMark ( ) For Informational and Descriptive Purposes Only. Document is subject to changes and updates by WaveMark. WaveMark is a registered trademark and WaveMark CIMS is a trademark of WaveMark, Inc.