Gain visibility and control over procedural lab supply chain management
With high-cost implantables and a variety of physician preference items, costs for cardiac catheterization labs, electrophysiology (EP) and interventional radiology (IR) are especially high.1,2
Up to 60%
of inventory in the cath lab could be overstocked2
~$2B
in potential lost revenue from charge capture due to inaccurate documentation3
Decreasing
reimbursement rates from insurers for cardiac procedures4
27%
of hospital staff know of an expired or recalled product being used on a patient5
Ensure you have the right products in the right place at the right time by automating procedural lab supply management, standardizing processes, managing UDI compliance and optimizing lab workflow by leveraging the latest technology using predictive analtytics, barcode and RFID in your interventional suites. Learn how WaveMark™ Clinical Supply Chain Consulting can optimize your people and processes before technology.
The WaveMark™ IntelliWave™ Technology:
- Guides clinicians to easily document product use with barcode and RFID technology
- Links to patient record at the moment of care
- Interfaces with EMR and ERP solutions
Our procedural lab solutions drive strategic decision-making using advanced predictive analytics. We deliver metrics to clearly demonstrate outcomes and tailor lab inventory management best practices to improve financial performance, increase staff efficiency and satisfaction, and maintain optimal inventory levels — all to enhance patient safety. Our expert support team then leverages your analytics to provide you with quarterly reviews of your progress to a clinical supply chain.
WaveMark delivers efficiency and reduces waste for procedural labs
35%+
increased charge capture6
80%+
fewer products of clinical importance lost6
15%
fewer products wasted at the point of care6
357
hours saved annually8
28%
reduction in supply costs7
See how WaveMark delivers an integrated workflow to support patient care
What our customers say
"We were tossing out $10,000-$12,000 worth of expired product every month. Now we’re alerted when a product’s going to expire, and we know exactly where to find it. I no longer have to worry that an expired product will be used in a procedure because it was lying around in a back closet."
— Daniel Moreno, RN, MS, Cardiovascular Service Line Administrator Adventist Health White Memorial
Read the case study"Gave me and my staff back the time that was being dedicated to manual supply task(s)."
— Interventional Radiology Manager, Southern Health System with 11 hospitals
"Managing inventory across campuses in two large departments will be much easier moving forward. We have already been able to lower our par levels saving us thousands of dollars up front."
— Imaging Manager, Large Midwestern Health System
References: 1. Tierney MC. Keeping a careful eye on cath lab inventory management. Cardiovascular Business. https://www.cardiovascularbusiness.com/sponsored/1206/topics/cardiac-imaging/cath-lab/keeping-careful-eye-cath-lab-inventory-management. Accessed June 24, 2022. 2. Cardinal Health. Inventory management in the general procedural areas [video]. https://www.youtube.com/watch?v=Wmbo-LZwQFU. Published January 15, 2019. Accessed June 24, 2022. 3. Alexander-Vaughn S. Value-based strategies for implantable devices. https://studylib.net/doc/9255405/value-based-strategies-for-ppi-and-implantable-devices. Published 2012. Accessed June 22, 2022. 4. Amin A, Crimmins-Reda P. Challenges and opportunities for cardiac cath labs: focus on health economics of the cath lab. https://www.beckershospitalreview.com/quality/challenges-and-opportunities-for-cardiac-cath-labs-focus-on-health-economics-of-the-cath-lab.html. Published July 12, 2018. Accessed June 24, 2022. 5. Cardinal Health data on file. Supply chain survey data conducted by SERMO; October-November 2017. 6. Barlow RD. Supply chain operations worth watching 2019. Healthcare Purchasing News. https://www.hpnonline.com/sourcing-logistics/article/21114366/supply-chains-latest-elite-bring-a-game-to-data-clinical-process-management. Published November 22, 2019. Accessed June 24, 2022. 7. Cardinal Health data on file. 8. Cardinal Health. Proof positive. https://www.cardinalhealth.com/content/dam/corp/web/documents/case-study/cardinal-health-adventist-health-white-memorial-case-study.pdf. Published 2017. Accessed June 24, 2022.
