Dec. 10, 2014
In the November issue of DOTmed News, Lisa Chamoff, DOTmed contributing reporter, asks the question – is RTLS: A ‘nice to have’ or a ‘must have’?
In the article, Marcus Ruark, VP or Products and Strategy at Intelligent InSites, gives his perspective on the question at hand:
“Healthcare systems are getting the opportunity now, and also it’s almost economically mandated that they look for ways to improve operational efficiency and at the same time improve patient experience. A few years ago, hospitals were very focused on electronic health records and the clinical side of delivering care. Now they’re getting a chance to address, more than ever, the operational side.”
The article mentions an enterprise-wide approach to RTLS by the Department of Veterans Affairs, which in 2013, entered into a five-year, $543 million contract to use RTLS for tracking assets, sterile processing and patient flow at more than 150 medical centers and seven outpatient pharmacies across the country.
They are now looking at expanding the use of RTLS to help them manage a range of clinical services, including finding wandering patients, streamlining emergency room workflows, and monitoring how often clinicians wash their hands.
The article also highlights the results achieved by two hospitals that are part of the Texas Health Resources health system, which uses Intelligent InSites’ RTLS software to streamline a gamut of operational processes. According to the “Real-Time Location System Tracks Staff, Patients, and Equipment, Reducing Costs, Improving Infection Control and Room Turnaround, and Generating High Satisfaction” report: “One hospital saved nearly $1 million on equipment costs in the first year, including $285,000 on rental equipment, $100,000 on budgeting for “shrinkage,” or purchasing more equipment than necessary when items go missing, and more than $600,000 in procurement-related expenses. The other, newer hospital, didn’t budget any money at all for shrinkage.”
As you can see, a clear ROI on RTLS investment already exists. We believe an RTLS
solution is a must-have for each healthcare organization who wants to drive
efficiency and reduce healthcare costs. What is your take on it?