Asset Management

The Issue of Idling Assets

◊   At any given moment, the average hospital only utilizes about 40 percent of its equipment fleet, leaving hundreds of infusion pumps, epidurals, SCD’s and other expensive assets to sit idling.*
◊   The average nurse spends 21 minutes per shift searching for misplaced equipment.*
◊   Each year, between five and 15 percent of a hospital’s equipment fleet disappears due to loss or theft, resulting in costly annual reinvestment.**

In total, hospitals often bleed millions of dollars each year to keep track of their moveable medical equipment (MME). In an era of skyrocketing medical costs and industry-wide budget cuts, this simply won’t do.

20/20 Asset Visibility

VIZZIA’s real-time location systems (RTLS) and passive RFID solutions allow hospitals to cut costs dramatically, resulting in a substantial ROI. VIZZIA customers have seen utilization rates rise by more than 20 percent almost immediately. They’ve avoided costly investments in new fleets because existing equipment no longer disappears. Here are some additional benefits of RTLS in asset management:

  • Reduce rental costs
  • Significantly reduce time spent searching for equipment in order to perform preventive maintenance
  • Decrease or eliminate incidence of lost/stolen equipment
  • Alert staff when high-value assets leave a designated area or exit the hospital
  • Instantly locate equipment in the event of a product recall
  • Easily analyze department needs and set data-proven PAR levels
  • Ensure consistent availability of equipment
  • Increase nurse satisfaction
  • Reduce cross-contamination

How Does It Work?

VIZZIA offers a variety of technology options, each of which provides unique benefits for different facilities’ needs. Each system employs a different tracking mechanism, but all RTLS infrastructures function similarly. (Passive RFID systems, however, operate differently.) Learn more about how RTLS streamlines asset management.

Call VIZZIA today for more information about asset management or to receive a price quote.

Optimize Your ROI

Beyond providing the hardware and software infrastructure through which a hospital’s asset-tracking system operates, VIZZIA also offers advanced analytics, consulting, deployments, change management and business process outsourcing. Why? Because at VIZZIA we know that technology alone can’t solve problems. It’s our goal to empower our customers with the tools they need to make the most out of their RTLS investment. Learn more about “The VIZZIA Difference” in the Consulting Services section.

 

* GE Healthcare White Paper: “Wasting Away: The Quality, Safety and Financial Case for Asset Optimization.”
** VIZZIA case studies