Why Healthcare Organizations Must Keep a Digital Inventory Track Record

By December 10, 2018Asset Tracking, Blog

Why Healthcare Organizations Must Keep a Digital Inventory Track RecordAny healthcare facility has a lot of moving parts to track. A digital inventory track record is one of the best ways to keep your healthcare organization efficient and operating in top condition.

Accurate Inventory Records Are a Safety Concern

When inventory problems come up in other industries, they can cause serious financial issues. But in a healthcare organization, they can also cause dangerous safety hazards. If a hospital runs out of medication their patients rely on, it can become life-threatening.

As well as staying stocked on medication, you need to worry about having enough first aid supplies, cleaning solutions, and smaller medical devices.

Medical Waste Must Be Disposed of Properly

Any medical facility will create medical waste. However, it can be cumbersome to try and train your team on how to dispose of every type of medical waste they could come across. Instead of trying to do this manually, you can leave detailed instructions with each inventory field. That way, everyone has the data they need for the items they use and no more.

Proper waste disposal will not only keep employees and patients safe, but it will also help you meet industry regulations. You cannot risk having any biohazardous materials where patients could accidentally encounter them.

Hospitals and Clinics Need to Provide Information on Patient Care

Clinical managers need to know what sorts of care their practitioners are giving. Knowing what types of care patients seek will help them make more informed decisions on a variety of operational aspects. These include what staff to hire, what items to keep in stock, and what sorts of procedures to bill through insurance.

Patient records must be kept safe and confidential and can only be seen by authorized personnel. Inventory track data is a great way to track and verify service provided without risking patient confidentiality.

Digital Inventory Track Records Provide Additional Proof of Service

Many medical clinics must work with insurance to get financial authorization for each patient. For that authorization to be approved, the organization must submit paperwork and documentation.

Detailed inventory records can be a great way to provide additional proof that the patient did, in fact, receive the care pending approval.

Departmental Inventory Records Assist Medical Supply Purchasers

Someone must oversee making sure each facility has the supplies they need to provide medical care. Larger organizations work with medical supply purchasers to always keep them stocked. However, if those purchasers don’t have accurate records, they will have to guess as to what the facility needs.

Trying to make purchases without having all the information necessary will result in your clinic not having enough of the supplies they need and having too many supplies that never get used. This can quickly become a huge financial strain if not fixed.

The more detailed your inventory records are, the more efficient your suppliers can be in keeping you stocked. You shouldn’t have to worry about where your items are at any given time. You have plenty to worry about with providing good quality care to the patients that depend on you to get well.

Asset Panda understands how important it is for your facility to keep accurate and up-to-date digital inventory records. Our commitment to clients like you earned us the 104th spot on Inc 5000’s list of inspirational companies in America. See what they liked by checking us out today.

 Contact Us 
Get a Demo
Price Quote

You might also like...

Fastest Growing Companies 2020

Asset Panda Ranks #24 on Financial Times’ List of the Americas’ Fastest Growing Companies 2020

| Asset Tracking, Blog, Press Room | No Comments
Amid an uncertain economic environment, the Financial Times ranked Asset Panda #24 on their list of 500 of The Americas’ Fastest Growing Companies 2020 with a 3,691.9% absolute growth rate...
Asset Panda audit tool screenshots desktop and mobile

Auditing Fixed Assets Just Got Easier with Asset Panda’s New Audit Tool

| Asset Tracking, Blog, Press Room | No Comments
FRISCO, TX, May 22, 2020 — Asset Panda dramatically transformed its fixed asset audit tool on May 16, making it easier than ever for businesses to get up-to-date information about...
Empty chairs in a church

Taking Care of Your Church Facilities When You Don’t Have a Congregation

| Asset Tracking, Blog | No Comments
Church services across the nation have been postponed until further notice to protect churchgoers. Many states have temporarily postponed congregations to keep gatherings below 10 people and prevent contamination. Some...
Blood Pressure Monitor

Medical Device Calibration When You Have No Time

| Asset Tracking | No Comments
The healthcare industry exploded overnight. Everyone has been concerned about their health and depending on your department, you may have had to convert your services to be on hand for...

Helping The World Work Smarter™