Aligned with the Triple Aim
Inventory management solutions should work seamlessly with clinical, ERP, and other systems to give hospitals the flexibility to focus on the areas for improvement that matter most.
To make that happen, inventory management solutions provide actionable information to guide the decision-making process toward efficiency gains, better practices, cost savings, risk mitigation, and safer care delivery.
Change Healthcare’s inventory management solution uses very little hardware, which means affordable, reliable, and robust solutions—all contributing to a stronger ROI.
Why do I need inventory management?
Recalls in the medical device industry
The global medical device industry represents around $400 billion per year.
medical device recalls are issued. The recalls affect hundreds of millions of units.
600–1,200
Every year,
are Class I recalls
2%–4%
This means the recall poses a serious risk of injury or death. Several million units need to be tracked down, removed from shelves, and/or require clinical follow-up.
worth of supplies are at risk of waste and expirations monthly.
8%–20%
of procedures are at risk for incorrect or incomplete supplies data.
50%
Around
Solving challenges with measurable results
Expiration control
8%–12% of total inventory value
5%–15% of total inventory value
Inventory size reduction
Greater than 10% of total new orders’ value
Product purchase rationalization
Greater than 10% of total products used
Clinical utilization management
Greater than 10% of total products used
Billing optimization
Get help with inventory management solutions
When it comes to inventory management solutions, our team can help deliver a well-planned, effectively managed, on-time, and on-budget implementation. Our team has years of experience in management consulting and technology implementation, helping to seamlessly guide you through the process.
Talk to our inventory management specialists today
Information gathered from VUEMED internal data.
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