Inventory management in healthcare facilities has always been considered as an ancillary function. It is perceived as an area of low value, and overlooked because of the critical and demanding needs of patients, which of course always takes first priority.
But poor inventory management is doing no good to combat patients’ health. In a typical healthcare facility, a nurse is at least interrupted twice in her shift to locate inventory for the operating room. The staff allocated for extending quality care to patients spend significant time in finding, tracking, ordering and forecasting inventory demand.
In these scenarios, a dedicated Inventory Management solution which can minimize the waste levels, errors in patient charts and billing, misquoted composition and orders, excess stock, poor par level management becomes inevitable. It helps organizations to streamline key business processes and restrict organizations from making investment without a clear visibility of the assets and equipments. This in turn boosts employee productivity, increases information accuracy, improves demand forecasting, streamlines supply chain management and fosters collaboration.
Thus, a powerful inventory management system can prove to be a game changer for healthcare organizations in many ways. Here are the top 6 ways how it can transform healthcare organizations:
A centralized system manages inventory among multiple associations across the continuum of care. It,
Inventory management comprise of multiple adjacent processes that are often excluded when the cost of inventory is calculated. A centralized system helps to maintain the record of,
Demand forecast is a very crucial aspect of inventory management. It can leave organizations stranded if they do not have accurate data and evidences to forecast supplies. A centralized system delivers several benefits by helping forecast demand and streamline purchasing.
Timeliness, accuracy and clarity are keys to monitor inventory usage with relevant reports at every juncture. A tailored inventory management system according to a hospital’s workflow,
Cash flow is a vital aspect of financial management that saves healthcare organizations from crisis of liquidity. To govern this critical aspect, inventory management systems,
Inventory management system does not work on the principle of one size fits all. Different healthcare facilities have varied workflows introduced by organizations to achieve operational excellence. Considering this fact, customization occupies the center stage. A customized solution,
A modern IT solutions can automate conventional manual processes to establish better inventory control and provide real-time tracking and traceability data using RFIDs, UIDs, Bar codes, etc.
A well-thought-out solution not only integrates with already existing hospital systems, but also automates business-critical processes that reduce the cost of labor and frees hospital staff for focusing on better health outcomes.
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