In today’s fast-paced healthcare environment, efficient supply and implant tracking is critical for optimizing clinical outcomes and financial performance. iRISupply, a revolutionary software tool by Mobile Aspects, is transforming the way hospitals manage their inventory and documentation processes. Leveraging advanced RFID technology, iRISupply seamlessly integrates with your Electronic Medical Record (EMR) and materials management software systems to deliver real-time, actionable analytics and AI-driven recommendations. Here’s a closer look at how iRISupply is making a significant impact on healthcare operations.
Automating Inventory Management with RFID Technology
Manual inventory management is not only time-consuming but also prone to errors. iRISupply’s RFID technology automates the tracking of implant and supply usage, eliminating the need for barcodes, stickers, and manual data entry. This hands-free data capture system ensures accurate and timely documentation, which is seamlessly transmitted to your EMR and billing systems. By automating these processes, iRISupply helps healthcare providers save valuable time and reduce administrative burdens, allowing clinicians to focus more on patient care.
Driving Financial Performance
One of the standout features of iRISupply is its ability to significantly enhance charge capture and revenue. Studies have shown that iRISupply can increase charge capture by 18% compared to barcode-based systems. This improvement is attributed to the system’s ability to capture all item-level product tracking details, including lot numbers, serial numbers, and expiration dates, without any manual intervention. As a result, hospitals can achieve a substantial increase in cash collections and overall revenue.
For instance, Massachusetts General Hospital (MGH) reported a 20% increase in cash collections, amounting to $750,000, and a 30% reduction in staff time spent on manual inventory processes within the first month of using iRISupply. These impressive results highlight the system’s potential to deliver a rapid return on investment (ROI) and long-term financial benefits.
Enhancing Clinical Documentation and Compliance
Accurate and comprehensive clinical documentation is essential for ensuring patient safety and regulatory compliance. iRISupply integrates directly with your hospital’s EMR, allowing for real-time, effortless documentation of item usage. The system also supports Unique Device Identification (UDI) compliance by tracking the unique identifiers of each device. Additionally, iRISupply has access to the FDA database of supplies, enabling it to populate information for new items automatically. This level of integration and compliance ensures that your clinical documentation is always up-to-date and accurate.
Optimizing Inventory Control and Reducing Waste
iRISupply’s RFID technology offers powerful inventory management capabilities that help hospitals optimize their stock levels and reduce waste. The system provides real-time expiration alerts, AI-driven inventory rebalancing across departments, and simplified product recalls. By setting PAR levels for maximum efficiency and minimizing manual order entry, hospitals can ensure they have the right products on hand when needed, without overstocking or running out of essential supplies.
For example, an academic medical center reported a 12% reduction in on-hand inventory, equivalent to $230,000, within 12 months of implementing iRISupply. Additionally, a community hospital experienced a $250,000 reduction in annual costs associated with product expiration. These cost savings demonstrate the significant impact iRISupply can have on a hospital’s bottom line.
Seamless Integration with Hospital Systems
iRISupply is designed to integrate seamlessly with a wide range of hospital information systems (HIS), including Cerner Millennium, EPIC, Meditech, and many others. This integration ensures that data flows effortlessly between iRISupply and your EMR, materials management, and billing systems, enhancing overall operational efficiency. Mobile Aspects customizes the interfaces to match your hospital’s specific systems, with all data securely stored behind your hospital’s firewall.
Testimonials and Success Stories
The positive feedback from healthcare professionals and success stories from hospitals that have implemented iRISupply underscore the system’s effectiveness. A Cath Lab Manager at an academic medical center in Massachusetts praised the system, saying, “I love how the data automatically flows to Epic. This really reduces a lot of error in capture and makes the lives of our clinicians way easier.”
Similarly, the Service Line Director of a heart hospital in Texas highlighted the system’s impact on inventory control: “If you have service lines that stock out of key supplies and you are manually controlling inventory with high cost overruns, this is a great system to help you solve your challenges.”
Conclusion
iRISupply by Mobile Aspects is a game-changer for hospitals looking to enhance their supply and implant tracking processes. By leveraging RFID technology and seamless integration with existing hospital systems, iRISupply delivers significant improvements in charge capture, inventory management, and clinical documentation. The system’s proven ROI and positive impact on operational efficiency make it an invaluable tool for healthcare providers aiming to optimize their resources and improve patient care.
Ready to experience the benefits of iRISupply? Request a demo today and discover how this innovative solution can transform your hospital’s operations.