New Podcast From Awarepoint CEO Jay Deady Expounds on Substantial ROI Hospitals Gain Using Real-Time Location SystemsAPR 16, 2012 - 08:05 ET
SAN DIEGO, CA--(Marketwire - April 16, 2012) - A new podcast featuring guest interviewee Jay Deady, CEO of Awarepoint Corporation, makes the case that real-time location systems (RTLS) dramatically improves the quality and cost of care and delivers fast return on investment (ROI), making the technology a "no-brainer" for hospitals and health systems facing financial pressures and shifting to outcomes-based reimbursement. The interview, moderated by Doris Gilman, editor and publisher of Health Thought Leadership One-to-One, can be downloaded at http://seen-heard.com/blog/?p=1212.
In the 17-minute podcast, Deady reviews challenges associated with the inability of providers to track portable assets, physicians and nurses, and monitor the temperature of blood products and tissues. Deady further explains that these challenges lead to: patient care delays; inefficient use of nursing resources; unnecessary rentals and purchases of smart pumps, ventilators, specialty bed, wheel chairs and other items; and hospital-acquired infections (HAIs) that add financial liability.
"Nurses are spending anywhere from 30 to upwards of 65 minutes each shift looking for equipment to take care of patients," Deady stated in the podcast. Moreover, he said, the average hospital owns almost 100 percent more mobile assets than it needs, while also renting equipment when assets are missing. The inefficient use of nurses and equipment rentals are negatively affecting care delivery, patient satisfaction and hospital finances.
"We come in and make an impact on that right away," he said, adding that "Awarepoint's combination of software, technology and services, speed of deployment, and a business model that holds the company accountable to clients for achieving a mutually agreed ROI target, sets it apart from the competition."
Hospitals can go live on Awarepoint's aware360°Suite of RTLS solutions in 29 to 45 days compared to 6 to 8 months on competing products, enabling them to realize faster ROI, Deady said. Awarepoint clients can achieve net positive cash flow within 3 to 5 months of deployment and save 2 to 3 times the cost of their technology investment just by eliminating rentals, unnecessary asset purchases and inefficient nursing utilization. They can further improve financial performance by using RTLS to increase patient throughput in areas such as surgery, and reduce HAIs by ensuring equipment is properly cleaned and sterilized before use.
The aware360°Suite also provides real-time actionable data that enable hospitals to continually improve quality and efficiency. Gilman was quite impressed with the Awarepoint value proposition and she questioned why only 15 percent of the nation's hospitals are using the technology. "It would seem adopting a real-time location system such as that offered by Awarepoint is a no-brainer," she commented.
Awarepoint provides the only complete RTLS solution optimizing healthcare workflow for improving asset management and availability, optimal patient flow, and increasing care team efficiency.
The company's aware360°Suite provides unmatched RTLS technology, best-in-class software, and fully managed services for the healthcare enterprise. By improving asset, patient, and personnel visibility across the enterprise, the aware360°Suite allows administrators and care providers to advance the Quality, Efficiency, Experience, and Economics of care. For more information, visit www.awarepoint.com/.
Amendola Communications for Awarepoint