How to save money in one of the most complex and expensive medical environments: the cath lab? If your organization struggles with this question, read on.
This infographic compares savings in a 2-room OR suite implementing LogiTag’s automatic, digital implant management system to the same suite without the LogiTag system.
This comparison takes into account all the variables typical of operations:
- Expired inventory (2%)
- Interest accrued on inventory (4%)
- Cost of items incorrectly attributed to a specific medical procedure (2%)
- Time spent by medical staff on administrative duties (13%)
You can see that although the starting point was the same, costs were reduced by 40% in the first year with LogiTag’s Smart Cabinet system which optimizes and streamlines processes, alerts to human errors in real time, and cost-effectively manages inventory – all without wasting the medical staff’s valuable time.
It is important to note that this infographic depicts a scenario in which inventory is purchased in advance. LogiTag’s Smart Cabinets enable a transition to full, 100% consignment. If a hospital prefers to implement a pay-per-use method, LogiTag connects the suppliers directly to the hospital’s inventory and provides them with a visual look so that they can monitor inventory levels. With this method, hospitals save the cost of inventory and its management.
The Editorial Team at Healthcare Business Today is made up of skilled healthcare writers and experts, led by our managing editor, Daniel Casciato, who has over 25 years of experience in healthcare writing. Since 1998, we have produced compelling and informative content for numerous publications, establishing ourselves as a trusted resource for health and wellness information. We offer readers access to fresh health, medicine, science, and technology developments and the latest in patient news, emphasizing how these developments affect our lives.