Dublin, Ohio, Feb. 20, 2014 ─ Cardinal Health announces its recent acquisition of WaveMark and will feature its newly acquired radio frequency identification (RFID) technology at the Healthcare Information and Management Systems Society (HIMSS) annual meeting in Orlando, Fla. next week. With the WaveMark RFID technology, the company’s inventory management solution now is the first, end-to-end solution of its kind — powered by a SaaS-based analytics platform and optimizing the configuration of various inventory management tools to track high-priced physician preference items as well as low-cost, high-volume consumables.
“Our experience and insights showed us that our customers are looking for solutions to help them better manage their supplies and their limited human resources to drive more informed decision making across their supply spend — from low-priced bandages to high-cost devices,” said Steve Inacker, president of Hospital Sales and Services at Cardinal Health. “The acquisition of WaveMark and its RFID technology fit perfectly into Cardinal Health Inventory Management Solutions.”
With the integration of WaveMark technologies, the newly formed Cardinal Health Inventory Management Solutions (CIMS) enables real-time tracking and management of inventory across the entire supply chain, from manufacturer to point of care. The improved product visibility and inventory control resulting from the solution’s use can help hospitals, integrated delivery networks, medical device manufacturers and distributors.
“CIMS isn’t just about tracking inventory,” said Jean Claude Saghbini, vice president and general manager of Cardinal Health Inventory Management Solutions at Cardinal Health. “With point-of-use capture and powerful analytics, teams can streamline workflow, better manage recalls and reduce waste. The integration of RFID effectively leverages technology so everyone in the system can focus more time on what matters most—the patient.”
The new system is compatible with the industry’s leading hospital information systems and is in place in hospital systems such as the Veteran’s Health Administration; Emory- St. Joseph’s in Atlanta, and Florida Hospital in Orlando, Fla. The flexible software platform leverages RFID, barcode, and demand signaling methodologies to enable acute and ambulatory care centers to assemble customized inventory management workflows that are accurate, clinician-friendly and appropriate for all supplies.
WaveMark technology will now be marketed as a component of Cardinal Health Inventory Management Solutions. Cardinal Health Inventory Management Solutions will be featured in the HIMSS Intelligent Hospital Pavilion, which simulates real-life scenarios within a hospital environment. Pavilion visitors can gain a practical overview of how innovative technologies are seamlessly integrated to enhance patient care, optimize workflow and manage resources. To register for Intelligent Hospital Pavilion tours, visit intelligenthospital.org/himss14.
About Cardinal Health
Headquartered in Dublin, Ohio, Cardinal Health, Inc. (NYSE: CAH) is a $101 billion health care services company that improves the cost-effectiveness of health care. As the business behind health care, Cardinal Health helps pharmacies, hospitals, ambulatory surgery centers, clinical laboratories and physician offices focus on patient care while reducing costs, enhancing efficiency and improving quality. Cardinal Health is an essential link in the health care supply chain, providing pharmaceuticals and medical products and services to more than 100,000 locations each day and is also the industry-leading direct-to-home medical supplies distributor. The company is a leading manufacturer of medical and surgical products, including gloves, surgical apparel and fluid management products. In addition, the company operates the nation's largest network of radiopharmacies that dispense products to aid in the early diagnosis and treatment of disease. Ranked #19 on the Fortune 500, Cardinal Health employs 33,000 people worldwide. More information about the company may be found at www.cardinalhealth.com and @CardinalHealth on Twitter.
About Cardinal Health Inventory Management Solutions
Cardinal Health Inventory Management Solutions helps health care decision makers improve financial, operational and clinical outcomes through several modular offerings. This portfolio offers a range of inventory management solutions that healthcare administrators can use to optimize the management of their supplies from high-cost physician preference items to low-cost medical consumables. A powerful, SaaS-based analytics platform unifies these offers and allows unprecedented visibility across the hospital and across the IDN. More information about Cardinal Health Inventory management Solutions may be found at http://cardinalhealth.com/cims.