what is medical device asset tracking
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Benefits of Medical Equipment Asset Tracking Business
We've got some great deals going on right now exclusively for our online customers... chat now to hear more! Author: Lauren Evoy Davis,As healthcare enters the , investment in health technology is seeing an increase in the use of , , and more. According to Market Research Future, total to reach $1.3 trillion by 2030. With increased spending comes more equipment, devices and assets for staff to manage and keep track of. In an era of , medical equipment asset tracking could take up valuable time and resources. If not done properly, healthcare organizations could lose access to valuable equipment critical to patient care and safety. When asked to name an operational hurdle that needed to be overcome during the pandemic, almost half (49%) of hospital and health system leaders nominated,This is where technology can help. Hospital asset tracking solutions can provide an efficient and cost-effective way for organizations to manage their equipment. How does medical equipment asset tracking work?,A medical equipment tracking system uses IoT devices with either radio-frequency identification (RFID) or real-time location services (RTLS) technology to track and manage assets. What is RFID tracking?,works by placing a tag or label on an asset and a reader. Signals bounce between the devices to determine the location of objects or individuals. An RFID chip sends radio signals to a reader every few seconds and triangulation software is often used to give an approximate location of the asset. RFID signals require a direct line of sight. What is RTLS tracking?,RTLS uses tags equipped with sensor technology and Bluetooth, Wi-Fi or ultrasound to tag and track hospital assets. This means it does not require line of sight and can be used to track large numbers of assets in multiple locations. What type of hospital assets can be tracked?,Any asset can be tagged for medical equipment , including:,RFID hospital asset tracking technology can be used for . For example, RFID bands worn on wrists can store important information such as the patient's name, allergies and medical history. Asset tracking technology can enhance and help reduce medication errors. Some pharmaceutical manufacturers provide RFID-enabled products with important medication-related data, such as embedding the expiration date in the label. This helps to reduce the risk of a transcription error and eliminates the need for time-consuming manual data entry for each dose. What are the benefits of a medical equipment tracking system?,A hospital asset tracking system can help to increase the efficiency of hospital operations, reduce costs and improve patient care. Healthcare organizations are increasingly seeing the value in asset tracking. In fact, Data Bridge Market Research predicts the market will . More efficient operations,By being able to easily and quickly locate hospital equipment, employees can spend more time with patients rather than searching rooms and halls. Research sponsored by Midmark found that nurses and other healthcare professionals can . Locations without medical equipment asset tracking could even experience by staff wanting to make sure they can find the equipment when they need it at a later time, preventing colleagues from using it in the meantime. One hospital in Texas used RTLS, integrated with a patient-flow-technology platform, to improve its patient discharge process. The technology was able to into the electronic health record. With beds available sooner, admission rates and revenue can increase, and more patients can receive medical treatment earlier. Reduced costs and increased revenue,Having the ability to track each and every asset in one or many facilities can help to reduce costs related to replacing lost or missing inventory. Data sourced from asset tracking can also help to inform decisions about whether new equipment is needed or whether existing equipment can be used more efficiently. Stolen hospital equipment continues to be a . Asset tracking and geofencing technologies can help. For instance, an asset tracking system can serve as a deterrent to theft as each piece of equipment or even medicine is tagged. These systems can send out an alert when a tag has been moved or tampered with, which may indicate potential theft. a virtual fence or perimeter set around a physical location created using mapping software, can detect movement inside the virtual boundary. Geofences can be used to send alerts via text message in near real time if the tagged item moves outside the boundary, or if the GPS tracker is removed or tampered with. Additionally, hospital asset tracking software can monitor the performance of equipment by tracking usage and efficiency. When routine maintenance or repairs are needed, the software can alert staff. This reduces equipment breakdowns and can extend the life cycle of the asset. The efficiency benefits from asset tracking can also help to reduce costs and increase revenue. The 150-bed Texas hospital mentioned previously gained $351,000 in extra revenue in one year by . Improved patient care,Medical equipment asset tracking systems can improve the patient experience by reducing the unavailability of medical equipment and staff. Healthcare staff will be able to spend more time with patients and medical equipment, and other important assets will be available when a patient needs them. One Los Angeles hospital by 27 to 24 minutes after deploying RFID tags and a cloud-based software solution. Improving hospital asset tracking with 5G,A key component of a medical equipment tracking system is having the right network infrastructure to support it. Many legacy networks are unable to support the growing use of mobile and connected devices in modern healthcare. Combining 5G with mobile edge computing (MEC) can allow for large numbers of assets to be securely connected and dynamically managed in an adaptive and reliable network. One of the benefits is that data from these assets can be processed and stored at the network's edge, significantly reducing latency. This can allow for simultaneous and near real-time updates to these assets. 5G offers the high speeds, massive bandwidth and low latency potentially necessary for healthcare organizations to implement wide-scale medical equipment asset tracking. Verizon 5G Ultra Wideband will eventually handle . This can allow for the monitoring and upgrading of equipment to be done at the same time, reducing the impact on your IT team and other staff. Learn more about how Verizon can help your organization accelerate the . 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Learn moreEnterprise Asset Tracking and Management
Knowing where your assets are—and their condition—can be crucial to business success. Improve shipping and logistics, reduce theft and loss, be proactive about maintenance, and obtain location and environmental data to help you address compliance requirements using asset management solutions from Verizon. Our connected assets solutions help you remotely monitor assets in transit, such as equipment, raw materials, semi-finished goods, products and valuable or perishable items. You can use our solutions—Critical Asset Tracking and Condition Based Maintenance—individually or together to get everything you need from a single vendor. Remotely monitor your equipment with an edge gateway device to help reduce the risk of downtime or failure. Collect and analyze data to better manage IoT-connected assets. Drive improvements in how you track valuable assets and collect data in near real time. Oil giant improves remote monitoring and safety response times. A multinational oil company was able to help monitor leaks, flow rates and temperatures using satellite and machine-to-machine (M2M) solutions. Existing customers, to your business account or . If you are already a Verizon customer, we have several options to help you get the support you need. These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any personally identifiable information. These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. We use both third party and first party cookies for this purpose. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance. These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly. These cookies may be set through our site by Verizon and third parties. They are used to present Verizon advertising on third party sites that you may visit. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising from Verizon. BackClear Filters,All Consent Allowed
Learn moreCritical Asset Tracking Solution
Near real-time visibility into asset data can help drive business improvements and reduce loss. Knowing asset status can make a huge difference in business success. Whether it's product movement visibility, tracking worksite tools, location awareness of fleet vehicles or insights into your perishables' condition, Critical Asset Tracking can help. Any size organization, from small to enterprise, needing to track and monitor valuable assets Industries with a proven asset tracking need, such as construction, transportation and manufacturing Leaders in supply chain and logistics looking for more efficiency and reduced waste See the latest details on leading asset tracking solutions from Verizon Connect. Critical Asset Tracking combines an advanced, multisensor tracking device, LTE connectivity and a management platform for collecting data on in-transit assets and monitoring them through a web portal. It lets you know what's happening with your assets through status alerts and location information to help you improve business efficiency and performance, and help protect you from theft, loss or damage. Critical Asset Tracking helps keep you connected and informed so you have the needed insights to better manage your assets. Always know where your assets are within the supply chain. Track the conditions of your assets' environment, including temperature, humidity, tilt, vibration and shock. Get near real-time notifications when conditions pass a certain threshold. Gather data needed to help address regulation compliance, such as Food Safety Modernization Act (FSMA) requirements. Critical Asset Tracking is designed specifically to help you manage any assets in transit, regardless of your industry. Learn how it gives you a single pane of glass to proactively monitor your assets. GPS asset tracking can do more for your business than you might think, especially with solutions and help from the experts at Verizon Connect. While asset tracking can definitely help construction companies keep an eye on their vehicles, using it to keep tabs on your equipment provides several other benefits you might not know about. You can deploy now on our massive, reliable Internet of Things (IoT) CAT-M1 network, and we'll also help get you ready for 5G. Trusted by large and small organizations and fleets from Fortune 500 enterprises to family businesses. With Verizon Connect, we're one of the largest and most respected telematics and asset tracking providers in the world. Collect and analyze data to better manage IoT-connected assets. Keep machinery moving with proactive maintenance. Become more efficient with a network specifically engineered for a variety of IoT solutions. Existing customers, to your business account or . If you are already a Verizon customer, we have several options to help you get the support you need. ,
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