4 Ways Inventory Control Impacts Healthcare
Uncover how and where your inventory management software goes to work.
- Inventory management has proven impact for the healthcare industry, with implications for physicians, nurses, and operations
- Appropriate management of stock levels provides long-term success
By: Eric Sutter, Founder and CEO of EMS Barcode Solutions
Medical facilities have the crucial and critical task of delivering the right care and medications to their patients. Whether you are the business guy, the physician, or the nurse, it is extremely vital that medical facility function efficiently. This need for an efficient process called for inventory accuracy and smart asset management. Many healthcare clinics and hospitals lacked the structure to move at full capacity. However after the introduction of software, as the new form of asset and inventory management, healthcare providers were able to, more easily, deliver service and care to their patients.
Although it is easy to say that the use of barcoding technology aided the healthcare industry, where can you, as the physician or business owner, say your barcode software impacted your healthcare facility?
The 4 Undeniable Ways Inventory Control Impacts Healthcare
- Stock Levels
It is the most obvious and quantifiable way in which software impacts a healthcare facility. When one employs a barcoding system, the data is easily captured and stored. Therefore, under a high-stress or fast-paced situation, a nurse can easily check out medical equipment and know that the inventory count was auto-adjusted. On the flip side, the stock level reporting at the end of each day or week sustains accuracy to prevent stock outages and line-up timely purchase orders.
This is where the health of your employees come into play. As surgical devices move from the supply room to the surgical room, the right amount of communication is necessary for a smooth procedure. The barcodes, once scanned for check-out, updates directly to your system – cloud-based or browser-based – meaning your nurses and medical assistants can readily figure out with one quick look, when and where a device left storage. With the barcode system’s immediate updates, teams do not have to deal with the headache associated multiple levels of communication, and this way most players are on the same page.
If you have clear cut communication, company accountability is made much easier. Top level managers and physicians can attain the inventory movements using the various reports from the system. It is easy to assess how your company performed from one month to another. After looking back at old and new numbers, businesses can address areas for improvement.
The FDA now requires medications or blood samples to have a barcode. With a barcode system, your clinic can utilize the mandated barcode labels to get the reports and ensure lower errors. Audits are easily completed this way and require less time.
- Tracking Expiration Dates
Barcoding systems assist your business where quality care is a number one priority. As most processed items, medications work best when they are at full potency. In addition to potency, healthcare businesses, within government policies, need to comply with expiration regulations. With an inventory control system, it’s easy to comply with regulations and notice when medications are out-of-date. Yes, some do this manually, however, with a system in place, you receive a more accurate and trainable solution to policy-compliance.
EMS Barcode Solutions offers a wide range of inventory management solutions to fit your business needs. From hardware and media such as barcode scanners, wireless barcode scanners, barcode printers, and robust mobile computers all the way up to stand-alone or fully integrated inventory management software systems, and we don’t stop there. We believe the real job for us begins after you’ve chosen the right inventory management solutions for your business. With our dedicated team of service professionals, we work hand in hand with your company on the implementation of inventory management solutions, data imports, training, configuration, and much more. Our goal is to ensure you realize ROI as quickly and efficiently as possible and have a reliable business partner for years to come. Learn more here.
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About Wasp Barcode Technologies:
Founded in Plano, Texas, Wasp Barcode Technologies has been a leader in inventory and asset management solutions for over 20 years. Specializing in economic and highly effective tracking solutions for small to mid-sized businesses, Wasp offers numerous bundle packages which include both software and hardware for a complete solution. Wasp currently boasts over 500,000 active users.
Other Nominees for Asset tracking software reviews: Intellitrak, Redbeam, Jolly, ASAP
This company is a world leader in high end print, imaging, and office solutions. Their internal R&D lab reached out to us for assistance in identifying a barcoding solution for use in one of their new laboratories opening soon.
Whether you have a large or small business, inventory management is a pertinent task that is neglected. If there is proper inventory balance, your business is able to manage the ins and outs of items while finding new opportunities for business growth and waste reduction.