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Our Products

Inventory Management with

Track

Track is the most powerful and robust inventory system on the market. Developed by front line hospital clinical and inventory staff in collaboration with medical device industry supply chain experts, Track targets inventory reliability, reducing supply chain logistics expense and eliminating the unnecessary “double and triple documentation” so common in cardiovascular laboratories, interventional radiology suites, and operating rooms. Fully UDI compliant, one single scan of a supply with a Track scanner during a procedure captures all product information to automatically document in both your procedure log and EMR systems in real-time via your existing wifi network. Never mistype a serial number into your implant log again.

With one scan, document in multiple systems, transact patient charges, and reorder supplies. When it comes time to order, a couple clicks in our desktop software and you’re done, as Track can send a requisition to your materials system.

And, Track is purposefully priced so as not to compete for precious capital equipment budgets customarily reserved for important clinical equipment and systems. Additionally, our solution is scalable so labs both large and small in case volume can afford it.

With our RFID version, know where your products are in your lab. Track has overcome the limitations of expensive and inefficient cabinet-based RFID by using a modern era RFID solution. For pennies per product, know where your supplies are and when they have been used. It’s as if each product has its own low cost insurance policy so you know when the expensive products in your inventory are used and can verify that each one is appropriately charged. Lost charges and product stock-outs become a thing of the past.

TRACK FEATURES

  • A turnkey system that requires no capital to install and implement, with a very affordable monthly subscription pricing model
  • Case supply lists automatically updated by Track scanner
  • Implant data including product model number and serial/lot number immediately interfaced with EMR systems, eliminating mistyped serial numbers
  • Automated replenishment requisitioning using bi-directional integration with materials management systems automated “bill-only” ordering
  • Locational tracking of products throughout your lab
  • Revenue leakage (lost charges)  using proprietary package monitoring
  • Robust data analytic visualization tool – cost per case, physician usage trends, lab utilization rates, and much more
  • Physical inventory functionality with immediate inventory valuation based on the hospital item master
  • Waste tracking for supplies open but not used
Contact us today to learn more about Track can simplify your inventory management solution.

Business Intelligence with

Vector

While several other industries have streamlined their supply chains through forecasting and traceability, most hospitals lack the data and analytics to better understand patterns of purchase and usage of supplies, especially physician preference supplies. Velocity builds on the foundation of Track and each individual data point captured by a Track scanner during a procedure to to create a robust analytical tool to unlock substantial savings The predictive purchasing algorithms of Velocity analyze your supply spend in a number of ways. You will know your spend by product category and physician over time, thus allowing you to forecast your organization’s demand for these products so you can make commitments to vendors for savings.

Using Velocity real time analytics Insysiv clients have discovered hundreds of thousands of dollars hiding in the mounds of supply usage data inaccessible to most hospitals. This is not savings through your customary market share commitment. Like a bulk buy, the Velocity “virtual bulk buy” is a tool clients use to commit to purchase a specified amount by a specified date. You can then pay for items as you use them. And very importantly, Velocity is continually taking snapshots of your purchases under contract to make sure you are staying on target to those commitments. Collaboration among department managers, physicians, materials managers and suppliers with Velocity data analytics results in purchase commitments that achieve 10% – 20% savings. Let Velocity show you how.

Contact us today to learn more about Vector can increase your business intelligence.

Strategic Buying with

Velocity

Vector is our Business Intelligence tool, built on Microsoft’s powerful and ever-evolving Power BI platform. Insysiv offers you a Vector dashboard with all Track subscriptions, allowing you to slice and visualize the rich data set created by our inventory solution. But Insysiv takes you a step further. Silos of information exist throughout your hospital – EMR systems, Materials Management systems, procedure logs – all of these data sets can be imported and blended with the Track data to give you unprecedented insights into your lab business. Some of Vector’s possibilities include:

  • Direct supply costing of cases by case type and physician
  • Analysis of contribution margin vs supply cost by case type and physician
  • Physician supply spend versus peer average
  • Procedure volume and contribution margin by patient zip code
  • CPT code to DRG mapping
  • Cost and contribution margin over time, with year over year comparisons
Contact us today to learn more about Velocity can increase your strategic buying.