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While the COVID-19 pandemic accelerated the shift of more procedures to ambulatory surgery centers (ASCs), the primary driver for years has been cost savings. Medicare pays hospital outpatient departments double the rates paid to ASCs (ASCA, 2020). It should not be surprising then that from 2011-2018, Medicare saved over $28 billion on procedures performed in
Even though two years have passed since the COVID-19 pandemic began, hospitals are still feeling the effects. Staffing shortages continue to be a major issue, with one study showing that hospital employment is recovering slower than the rest of the economy with levels still below February 2020 (Altarum, 2022). Adding to this strain is the
Whether driven by cost pressure or sunsetting of legacy systems, many healthcare organizations are re-evaluating the inventory management technology they have in place. It is common to find older systems in use that require manual steps like entry of a device pin number or manual inventory counts. However, newer technology, like RFID, offers greater security,
Medical device companies and acute care facilities have traditionally relied on manual inventory management approaches. However, this is no longer viable for many reasons and forward-thinking companies are embracing automated solutions instead. These solutions not only help to track inventory items, but they also save time, money, and improve relationships between medical device companies and
In a past article, President and CEO of Terso Solutions, Joe Pleshek discussed if consignment inventory could be seen as a blessing or a curse to suppliers. He concluded that the stark reality facing medical device manufacturers is the necessity to embrace the consignment inventory management model, as more of their customers experience the benefits,
We conclude our interview with Ross MacGregor, where we discuss the ways in which TrackCore is benefiting the healthcare supply chain through the continued implemention of TrackCore software along with Terso’s RFID solutions. . Technology Debunking 4 Myths About RFID Inventory Management Technology UHF Technology vs. Barcode in Healthcare:
MADISON, WI- April 19, 2022 – TrackCore has implemented its 500th Terso Solutions smart enclosure. The adoption of this RFID enabled technology continues to accelerate throughout U.S. healthcare systems. A Partnership Built on Data “This milestone shows that our partnership and integrated solutions are addressing critical pain points that hospitals experience with manual tracking processes,”
Terso’s own, Jason Rosemurgy sits down (virtually) with Ross MacGregor where they examine the current state of inventory management in healthcare and how the Internet of Things (IoT) can benefit the supply chain . Click below to access part one of this exclusive and informative conversation. Watch Part Two Technology Frustrations of Manual Inventory
As we see smart inventory management being adopted more and more by healthcare, it only seems logical that related industries would benefit from IoT hardware and software solutions as well. Medical aesthetics is one of those healthcare adjacent industries that is handling high-value inventory, such as injectables (e.g. Botox and Juvederm) the management of which
By David Lefkowitz, SENIOR DIRECTOR OF MARKET STRATEGY Over the next thirty years, the number of elderly people aged 65 or over is projected to double globally to more than 1.5 billion people. As the aging population grows, so do chronic conditions and patients often suffer from more than one. (World Population Ageing 2019, United
