an industry-leading supply chain management software company, announced today TECSYS’ Supply Management System (SMS), a breakthrough, clinical staff-friendly solution that addresses the just-in-time needs of the clinical supply chain at point-of-use. It provides clear visibility and accessibility of supplies anywhere in a hospital or an Integrated Delivery Network (IDN), it also automates replenishment based on real consumption, captures item usage for patient billing while significantly reducing cost as well as cash tied-up in inventory.
"We just went live on TECSYS’ SMS and this system will enable Parkview to capture patient chargeable items that were, for the most, expensed before. For Parkview, the potential gross revenue for expensed items per year could exceed $17 million. In the past many of these items were simply not captured and shared with the finance area. With TECSYS’ SMS we will turn these expenses into revenue. Furthermore it has enabled us to reduce manual work by 50% and has empowered us to minimize obsolescence with anticipated savings of $8 million annually; these are very substantial, particularly for a financially strained industry," stated Donna Van Vlerah, Vice President, Supply Chain at Parkview Health.
To view Parkview Health case study video: http://www.youtube.com/watch?v=b9Y3w-Qhy6I
An industry first, TECSYS’ SMS, brings optimum ease-of-use to a clinical setting; it uses touchscreen technology to facilitate ease of access to information with the least amount of intervention. It dramatically cuts cost, relieves clinicians from the drudgery of inventory management chores and enables them to access supplies quickly and easily from anywhere in a hospital network. Product and usage information are captured via barcode and stored in the TECSYS system, enabling purchasing organizations to track usage, re-order to minimums and plan the demand accordingly, virtually eliminating all stock outs.
"Today’s hospitals face daily challenges of volatile customer demand, diverse patient care processes, a complex payment structure, a cumbersome and expensive supply chain infrastructure spanning geographically dispersed facilities. In a point-of-use setting, where it matters the most, manual processes are significantly compromising clinical initiatives every day; wasting valuable clinician’s time as well as substantial dollars in expired products and in unofficial and unaccounted for supplies across hospital floors.
We have envisioned a clinical staff-friendly supply chain solution that empowers them to deliver quality care, with the least amount of intervention and at the lowest possible cost. TECSYS’ SMS is a quantum leap forward that meets these challenges head-on and enables hospitals and clinics to become significantly more efficient at point-of-use, freeing up clinical staff to focus on patient care. That is what we mean by innovation at point-of-use," commented Robert Colosino, Vice President, Marketing & Business Development, TECSYS Inc.