CASE STUDY

Superior Asset Tracking with RTLS that saves time, money and effort 

The US-based hospital optimized their ROI through RTLS asset tracking, which helped locate equipment, decrease rental costs, and position for future RTLS expansion.

About Company

The Healthcare client is one of the renowned American healthcare providers headquartered in the United States. With an integrated system of physician practices, hospitals, outpatient centers, and more, the healthcare client is committed to delivering a remarkable healthcare experience to promote healthier populations and improve personal health in local communities. The healthcare client offers a full range of primary, secondary and tertiary healthcare services focused on ensuring affordable and high-quality patient care and enabling efficient access to specialty and hospital services whenever necessary.

Superior Asset Tracking with RTLS that saves time, money and effort

Overview

To combat rising rental costs, improve both the delivery and the availability of standard medical assets at the point of use and trouble locating medical equipment, this US-based healthcare provider deployed an asset management RTLS solution developed by Sparity, allowing the healthcare provider to track and manage assets throughout hospitals and entire health systems using their existing Wi-Fi network.

Challenges

The challenge was to improve both the delivery and the availability of standard medical assets at the point of use. Being a healthcare provider, the client’s goal was eventually to decrease the inventory and right size of the staff for its solution users. Furthermore, the healthcare client was facing rising rental costs, equipment hoarding issues and trouble locating equipment.

Implementation

Superior Asset Tracking with RTLS that saves time, money and effort

Quantify Churn Rate: By analyzing relevant data points – from past visits to household composition to family income – Healthcare clients can identify those active patients who are at risk and those who are not at risk.

Superior Asset Tracking with RTLS that saves time, money and effort

Data preparation and preprocessing: Appropriate data is collected, prepared, preprocessed, and transformed in a form suitable for building machine learning models and performing feature engineering.

Superior Asset Tracking with RTLS that saves time, money and effort

Adopted a multi-pronged approach by analyzing the results of your marketing campaign – from email to direct mail to social media and develop a program that targets new patients and keeps them coming back for years.

Superior Asset Tracking with RTLS that saves time, money and effort

Identified and tracked all of micro
and mini-processes involved in patient life cycle
for to prevent churn and target action to
practices lead to high churn rates

Solution

Sparity’s healthcare product experts, based on initial requirements, designed a solution that integrated a standard RTLS with powerful automation by efficiently incorporating requisition, procurement, fulfilment, purchasing and staffing. RTLS and Passive RFID tracking systems help hospital systems improve operational efficiency, cut costs, streamline complicated processes, process improvement expertise, and manage services. Furthermore, this solution helped the client to locate equipment using their desktop or mobile device, make smart, proactive decisions regarding their medical equipment, reduce rental equipment costs, and generate a comprehensive inventory of all rented and owned equipment.

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Key Deliverables

Quickly locate equipment

Get a real time map of asset location for quick and easy finding and real-time visibility eliminates the need to hoard equipment.

Eliminate lost & stolen equipment.

Real-time alerts provide notification when high-value assets leave a specified area or hospital and let you keep track of things.

Maintenance Alerts

Provides alerts and notification and keeps track of maintenance due dates for all the medical assets in the organization.

Right-size your fleet.

Easy-to-find assets and a
detailed look at utilization
rates allow you to rent or buy
only what you need.

Client Results

The impact we’ve had

At Sparity, we’ve served as a strategic partner for hundreds of the fastest-growing B2B companies.

Learn more about how we help our clients accelerate their growth.

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