Government reforms and regulations are transforming the healthcare space in 2015. But, inventory management still continues to be an area of improvement for most organizations. Healthcare providers face a bevy of challenges related to asset & inventory management: incorrect medication causes hundreds of deaths every year, missing and expired supplies are a cause for hundreds of millions of dollars in loss, and there are many other ways in which ineffective management of inventory hurts healthcare organizations.
Some of the core challenges you face as a healthcare services provider:
- Managing large stack of diverse and costly equipment
- Managing a huge inventory across different departments & branches
- Managing a large number of patient records, medicines, billing and more
- Cutting inventory management costs – both financial and human
- Finding time for non-critical activities like inventory management!
Dig Deeper into How RFID Helps Healthcare Tackle Age-Old Challenges:
How to overcome these challenges? How to hone the effectiveness of your inventory management processes without investing too much time and energy in the process? Inventory management software and RFID systems can help. Here are three intelligent ways in which RFID solutions can help you overcome some of the biggest inventory management problems you are facing:
1) Easier Patient Tracking:
Tracking patients using semi-manual, traditional processes requires well-trained, experienced staff, and still leaves room for errors. Using RFID wrist bands and systems, you can track patients, track records and track resources easily, without any special effort. Not only does it reduce human effort, but it also acts a supporting system for offering better care to unique patient requirements. RFID bands can also help find out people who have come in contact with patients with contagious diseases.
2) IT Asset Management:
Over the years, the healthcare industry has benefited tremendously by modernizing IT systems and adopting mobile devices. But private patient data resides in such systems and there are regulatory processes and standards that need to be maintained. With RFID, you can track tagged servers and data disks, helping you meet HIPPA and other similar regulations. Also, handheld RFID help to streamline the monitoring of IT assets.
3) Document and Data Tracking:
While many of your processes may be automated, you will still deal with a large chunk of paper as well as digital documents. RFID helps track the documents at every point of the lifecycle and ensures that you do not lose any important information, minimizing risk of data abuse and helping you meet stringent federal regulations.
And, RFID provides a number of tangential benefits too:
- Using wireless RFID, you can get accurate information on inventory without human efforts
- You are always aware of the precise location of any and every item
- Stakeholders can easily access inventory data and get accurate estimates instantly
If you would like to know more about the role of RFID in healthcare, check out our whitepaper!