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

SMART INVENTORY MANAGEMENT

Through the Real-time Healthcare System

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

HEALTHCARE INDUSTRY TODAY

ECONOMIC RECOVERY ACCESS TO INSURANCE UBER-AGING

We are just seeing the beginning of the highest level

• f 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,

• ccupied, 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

Level 1

Reactive

Level 2

Proactive

Level 3

Managed

Level 4

Collaborative

Siloed systems, interfaced, disjointed processes,

• perationally reactive.

Integrated systems, important processes monitored, performance measured, manual interventions. Lean, automated, sensored, limited enterprise awareness. Situationally aware,

• perationally intelligent,

learning, continually improving.

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

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

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

Products RAIN RFID tagged at distribution center Product arrives at hospital

Hospital staff utilize product Data captured

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

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