The COVID pandemic has led to a rise in hospital admissions across the country, which has left medical staff trying to do more with existing resources. Resources like equipment, supplies, and staff are ringing in the back of every hospital manager’s mind.
So how is the new technology in asset management assisting in the solution of better COVID response?
Bluetooth Equipment Tracking
As frontline workers have seen responding to the COVID-19 pandemic, knowing where necessary medical equipment, such as ventilators, defibrillators, and patient monitors, is vital in responding to emergencies. It can cost upwards of $7,000 in hospital time for staff to search for equipment, and the delayed response to a patient can cost something more significant. Using Bluetooth technology to track medical devices and equipment will give medical staff real-time visibility into the exact location of available devices, from the floor location to the actual room number. Saving time and saving lives.
Real-Time Inventory Visibility
Shrinkage and loss might sound like a minor problem for hospitals. Still, that small problem can come with a hefty price tag, over $2 billion a year according to a survey conducted by VHA, Inc. Also with the recent spike in COVID spread items such as PPE, Vaccines, or even sanitizers are becoming more and more targeted. Hospitals have found success managing inventory with Industry IoT Technology. Adding digital tracking to hospital inventory will give real-time insights to inventory counts, alerts on unplanned change in quantity, and decrease the likelihood of over or under stocking supplies. Another advantage is improved appropriation and allocation to the areas or departments most in need.
All life-support devices are vital, and with the rise of patient admissions because of COVID, there has been a substantial increase in equipment use. Consistently monitoring equipment and devices is a way to decrease downtime and extend the life of the equipment. Taking risk management from collecting printed logs and printed maintenance schedules to a centralized database of all equipment, each device’s use, and maintenance needs. Using digital equipment monitoring in hospitals has allowed for real-time response to equipment maintenance and decreased equipment downtime while increasing hospital revenue. PET scanner downtime can result in over $15,000 in billing loss per day.
Setting up a medical inventory and asset management solution may seem tedious or challenging, but choosing not to can lead to revenue loss, impact patient response, and add to staff stress and fatigue.