SMART INVENTORY MANAGEMENT Through the Real-time Healthcare System - PowerPoint PPT Presentation

SMART INVENTORY MANAGEMENT Through the Real-time Healthcare System

HEALTHCARE INDUSTRY TODAY ECONOMIC RECOVERY ACCESS TO INSURANCE UBER-AGING We are just seeing the beginning of the highest level of demand for healthcare in our lifetime C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N – F O R I N T E N D E D U S E R O N L Y

CHRONIC CONDITIONS ARE A REAL DRIVING FACTOR Problem : System is geared toward acute care C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N – F O R I N T E N D E D U S E R O N L Y

FEE-FOR-SERVICE CARE IS NOT THE ANSWER A focus on reimbursement model is key C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N – F O R I N T E N D E D U S E R O N L Y

SUPPLY CHAIN IS LAGGING C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N – F O R I N T E N D E D U S E R O N L Y

REACTIVE ENVIRONMENT C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N – F O R I N T E N D E D U S E R O N L Y

C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N – F O R I N T E N D E D U S E R O N L Y

IOT IN PRACTICE C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N – F O R I N T E N D E D U S E R O N L Y

IOT IN PRACTICE C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N – F O R I N T E N D E D U S E R O N L Y

A large portion of the current healthcare system (providers, payers, suppliers and patients) is unprepared to capitalize on the intelligence that is now possible through the Internet of Things (IoT) C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N – F O R I N T E N D E D U S E R O N L Y

WHAT IS THE REAL-TIME HEALTHCARE SYSTEM? + Real time information + Disrupts the classic care delivery model + Senses the need for change + Eliminates waste and latency to improve care quality and patient experience C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N – F O R I N T E N D E D U S E R O N L Y

RTHS IS THE INTERNET OF “HEALTHCARE” THINGS • RTHS is a system that is: – Aware – Mobile – Collaborative – Demanding C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N – F O R I N T E N D E D U S E R O N L Y

RTHS STARTS WITH SITUATIONAL AWARENESS Visibility to the critical assets in the system and what condition they are in + ASSETS = patients, clinicians, care providers, rooms, defibrillators, implants, medications, blood + LOCATION = longitude & latitude + CONDITION/STATE = available, occupied, in-stock, temperature, expired C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N – F O R I N T E N D E D U S E R O N L Y

SITUATIONAL AWARENESS IMPROVES OPERATIONAL INTELLIGENCE + Up to date information removes business constraints + Real-time visibility into important activities and date + Satisfies revenue, costs, quality, and patient experience expectations C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N – F O R I N T E N D E D U S E R O N L Y

INTERNET OF HEALTHCARE THINGS • Wirelessly tracking pulmonary artery pressure • Remote cardiac arrhythmia diagnosis • Smartphone enabled continuous glucose monitoring • TeleHealth & wellness • Patient Portals • Real-time location systems (RTLS) • Positive patient ID • Nurse call & tracking • Smart surgery scheduling • Automated inventory demand signals C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N – F O R I N T E N D E D U S E R O N L Y

C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N – F O R I N T E N D E D U S E R O N L Y

REAL-TIME HEALTHCARE SYSTEM MATURITY MODEL Situationally aware, Level 4 operationally intelligent, learning, continually Collaborative improving. Level 3 Lean, automated, sensored, Managed limited enterprise awareness. Integrated systems, important Level 2 processes monitored, performance Proactive measured, manual interventions. Siloed systems, interfaced, Level 1 disjointed processes, Reactive operationally reactive. C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N – F O R I N T E N D E D U S E R O N L Y

A smart inventory management system connects every asset within a healthcare organization. This provides visibility to each patient, clinician, care provider, room, medical supply, medication, and chemical as well as their location and condition. Using the framework and technology of a real-time healthcare system, a smart inventory management system uses interconnected intelligent systems to make managing inventory seamless. Creating a smarter, proactive health system that can be easily shared and accessed in real-time by anyone, anywhere. In turn, improving patient care, removing manual processes, achieving compliance, and eliminating waste.

SMART INVENTORY MANAGEMENT Cold Chain Instruments, Temperature Kits, Carts Monitoring Forward Stocking Enclosures Locations Trunk Stock Mobile Distribution Real-time Center Location System Anesthesia Smart Room Tracking Scheduling

THE TIME IS NOW TO DEVELOP A SMART INVENTORY MANAGEMENT SYSTEM ROAD MAP + Improve efficiency + Inventory transparency + Reduce expiry + Eliminate inefficient manual processes + Ensure regulatory compliance + Ensure product integrity + Improve workflow + Secure inventory management C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N – F O R I N T E N D E D U S E R O N L Y

Data captured Hospital staff Products RAIN RFID tagged Product arrives utilize product at distribution center at hospital C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N – F O R I N T E N D E D U S E R O N L Y

CAPABILITIES NEEDED FOR SMART INVENTORY MANAGEMENT + Distributed RFID management + Managing infrastructure and hardware + Reliable system + Change management and staff training + Security and privacy + Data analytics and software development/implementation + Innovation + Lower costs C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N – F O R I N T E N D E D U S E R O N L Y

RESEARCH NEEDED FOR SMART INVENTORY MANAGEMENT + Ecosystem of providers + RAIN RFID is facilitating this progress C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N – F O R I N T E N D E D U S E R O N L Y

Joe Pleshek President & CEO, Terso Solutions joe.pleshek@tersosolutions.com