LogiTag Medical Solutions illustrates how to save $228.6K in a cath lab: the complete infographic
How to save money in one of the most complex and expensive medical environments: the cath lab? If your organization struggles with this question, read on.
This infographic compares savings in a 2-room OR suite implementing LogiTag’s automatic, digital implant management system to the same suite without the LogiTag system.
This comparison takes into account all the variables typical of operations:
- Expired inventory (2%)
- Interest accrued on inventory (4%)
- Cost of items incorrectly attributed to a specific medical procedure (2%)
- Time spent by medical staff on administrative duties (13%)
You can see that although the starting point was the same, costs were reduced by 40% in the first year with LogiTag’s Smart Cabinet system which optimizes and streamlines processes, alerts to human errors in real time, and cost-effectively manages inventory – all without wasting the medical staff’s valuable time.
It is important to note that this infographic depicts a scenario in which inventory is purchased in advance. LogiTag's Smart Cabinets enable a transition to full, 100% consignment. If a hospital prefers to implement a pay-per-use method, LogiTag connects the suppliers directly to the hospital’s inventory and provides them with a visual look so that they can monitor inventory levels. With this method, hospitals save the cost of inventory and its management.