Streamlining Hospital’s Supply Chain - Integrated Solution to Manage Inventory in Cath, EP, and IR Labs While Improving Clinical Workflow and Ensuring Product Availability
WaveMark, Inc., a provider of real-time inventory management (RTIM) solutions for high value medical products, today announced its clinical inventory management solution, WaveMark CIMS™, has been selected by Tufts Medical Center, Boston, MA, to manage the hospital’s high value, specialty inventory. Tufts will use WaveMark’s RTIM technology to track physician preference items in its world-renowned Adult and Pediatric Cath, EP, and Interventional Radiology departments.
Tufts Medical Center is a world-class academic medical center offering outstanding patient care to both adults and children, teaching generations of future physicians the most advanced medical science and breaking new ground with ongoing, innovative research. As the oldest permanent medical facility in New England and one of the first in the nation, the 451-bed Medical Center is the principal teaching hospital for Tufts University School of Medicine, where all full-time Medical Center physicians hold faculty appointments.
After an extensive review of other solutions, the Cardiac Program at Tufts, considered among the best in the United States, will use WaveMark’s RFID-enabled inventory management solution, WaveMark CIMS. The solution will track nearly 5,000 products in their Interventional Radiology, Adult and Pediatric Cath Labs, and EP Lab, providing a new level of product visibility in these fast-paced specialty suites. Tufts has chosen WaveMark based on the accuracy of its technology and its proven success in optimizing inventory levels, improving patient safety, and streamlining clinical workflow.
“Choosing WaveMark allowed us to address a number of challenges at Tufts. We needed to reduce inventory levels in all areas by at least 20% in order to reallocate those resources to other critical needs. In addition, we wanted to trim the operating budget and reduce write-offs, without adversely impacting patient safety and clinical workflow,” said Steve Cashton, Director, Supply Chain Management at Tufts. “WaveMark will enable us to meet these goals and give us a strong return on investment. By taking advantage of WaveMark CIMS solution we are able to achieve our financial, operational and clinical objectives with a single system,” continued Cashton.
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