Florida Hospital Chooses WaveMark's RTIM Solution to Optimize High-Value Inventory and Workflow

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Inventory management solution by WaveMark will track over 4,000 products in new Ginsburg Cardiac Tower.

What was so impressive was that WaveMark has clinicians on staff and they understand first-hand how hospital labs work and the challenges we face. Their consultation coupled with WaveMark's easy-to-use, non-invasive, common sense approach to inventory management offered a solution that we can't imagine working without.

WaveMark, Inc., a leading provider of real-time inventory management (RTIM) solutions for high value medical products, today announced its clinical inventory management solution, WaveMark CIMS™, has been selected by Florida Hospital to manage the hospital's high value, specialty inventory. Already successfully deployed in Florida Hospital's EP laboratory, WaveMark's RTIM technology will now be used to track cardiology physician preference products in its new Ginsburg Tower, a 15-story cardiac tower that houses 440 new patient beds, as well as one of the largest emergency departments and cardiac catheterization labs in the country.

Florida Hospital, a known leader in cardiovascular services and in employing IT strategies to manage internal processes, chose WaveMark after extensive evaluation of other inventory management solutions in the market. After deploying WaveMark CIMS, an RFID-enabled inventory control and usage tracking solution, in its EP lab, the hospital felt the solution could greatly benefit the state-of-the-art Cardiac tower, which had its groundbreaking on November 25, 2008. Florida Hospital anticipates that WaveMark's RTIM technology will enable the Cardiac Tower to quickly optimize inventory levels and effectively track expirations and recalls.

"WaveMark demonstrated a strong ROI in a trial in our EP lab, while also offering tremendous value in workflow optimization. We evaluated several systems and selected WaveMark as it stood out as the company that could best meet our needs," said Sam Braga, Supply Chain Manager, Florida Hospital. He added, "What was so impressive was that WaveMark has clinicians on staff and they understand first-hand how hospital labs work and the challenges we face. Their consultation coupled with WaveMark's easy-to-use, non-invasive, common sense approach to inventory management offered a solution that we can't imagine working without."

WaveMark CIMS uses RFID cabinets and Point of Service readers to collect information that enables real-time inventory management. The use of RFID in the process ensures accuracy and timeliness of information captured, with no time-consuming manual processes required. This streamlined workflow enables clinicians to spend more time on patient care and less time manually tracking inventory and product usage. With WaveMark CIMS, hospitals achieve optimized inventory levels, better management of product expirations and recalls, and improved charge capture.

"WaveMark is dedicated to helping hospitals across the country meet their goals to contain costs, ensure patient safety and meet regulatory compliance requirements," said John Wass, CEO of WaveMark. "Florida Hospital is a great example of a healthcare organization that understands the value of innovative solutions to support their internal processes and workflow to meet their patient care commitments. We're very pleased to be a part of Florida Hospital's landmark Cardiac Tower and look forward to helping the hospital achieve its goals to continually improve patient safety and contain costs," added Wass.

For more information about WaveMark's RFID healthcare and healthcare supply chain solutions visit http://www.wavemark.net

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Colleen Terry
WaveMark
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