RFID - The Future of Inventory Management and Asset Tracking

LogiTag's RFID-based technology allows hospitals to automatically track each individual product received from suppliers without burdening the frontline caregivers with regular cycle counts and other manual processes.

Hospitals using smart cabinets have reported annual cost savings between $50,000 and $300,000, in addition to the increase in quality of patient care, operational efficiency, and number of patients treated.  This solution allows for better management of consigned and purchased products, better understanding of the hospital's supply utilization and inventory needs, while also saving time and decreasing the workload burden of the frontline caregivers.

By having access to updated data in real time, hospitals can accurately track an individual product including its lot/serial and even PO number, audit medical billing, and ensure patients receive correct and non-expired products. Also, with web-based reporting, hospital purchasing departments have immediate cost information without having to involve multiple internal departments to run time-consuming calculations.
In addition, write-offs that result from devices expiring are minimized or eliminated by automated reminders prior to expiration.  These benefits ultimately lead to both reduced healthcare costs and improved quality of patient care.

The introduction of interfaces to hospital materials management systems, hospital billing systems, and clinical documentation systems creates more value for users because of the reduced workload and errors resulting from automated input of critical information for ordering, billing and documentation.
LogiTag's LogiPlatform web-based software provides an error-free alternative to manual tracking of inventory, and paves the way for follow-on enhancements to further increase the value of the product.  By bringing hospitals and medical device suppliers a solution that utilizes modern advancements in information and network technology, LogiTag is helping to pioneer a new class of software applications which integrates clinical, operational, and financial components to facilitate highly efficient patient-centered activities in critical clinical areas.

Further, by sharing information with medical device suppliers across this extended supply chain, LogiTag seeks to revolutionize how this supply chain operates by driving out distrust and replacing it with real-time visibility and collaboration.

The company's Smart Cabinet solution is well leveraged in cardiac catheterization labs, electrophysiology labs, interventional radiology labs, and operating rooms within hospitals, as well as ambulatory surgery centers.  What makes LogiTag unique among the competition, is that it also provides other RFID solutions including asset tracking or RTLS, temperature monitoring, security and staff/patient identification, medication and lab sample confirmation and overall supply chain management systems. 

All of LogiTag's products are scaleable so that hospitals can implement the most critical and cost-effective systems first without needing to implement an expensive enterprise-wide system.  It's asset tracking and Smart Cabinet systems require minimal hospital IT involvement setting it apart from most other systems that rely on the hospital's existing wireless network and servers. 

LogiTag is well positioned as the only fully comprehensive RFID provider in the Healthcare Market and in the national push for lower healthcare costs and enhanced quality of care.

StoreMed is the U.S. based representative of Logi-Tag Inc. an Israeli-based manufacturer or state of the art RFID technology. For more information please contact storemed973@gmail.com.