SMART INVENTORY MANAGEMENT Through the Real-time Healthcare System

C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N –F O R I N T E N D E D U S E R O N L Y

HEALTHCARE INDUSTRY TODAY

ECONOMIC RECOVERY ACCESS TO INSURANCE UBER-AGING

We are just seeing the beginning of the highest level of demand for healthcare in our lifetime

C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N –F O R I N T E N D E D U S E R O N L Y

C H R O N I C C O N D I T I O N S A R E A R E A L D R I V I N G FA C TO R

Problem: System is geared toward acute care

C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N –F O R I N T E N D E D U S E R O N L Y

FEE-FOR-SERVICE CARE IS NOT THE ANSWER

A focus on reimbursement model is key

C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N –F O R I N T E N D E D U S E R O N L Y

SUPPLY CHAIN IS LAGGING

C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N –F O R I N T E N D E D U S E R O N L Y

REACTIVE ENVIRONMENT

C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N –F O R I N T E N D E D U S E R O N L Y

C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N –F O R I N T E N D E D U S E R O N L Y

IOT IN PRACTICE

C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N –F O R I N T E N D E D U S E R O N L Y

IOT IN PRACTICE

C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N –F O R I N T E N D E D U S E R O N L Y

A large portion of the current healthcare system (providers, payers,

suppliers and patients) is unprepared to capitalize on the intelligence that is now possible through the Internet of Things (IoT)

C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N –F O R I N T E N D E D U S E R O N L Y

WHAT IS THE REAL-TIME HEALTHCARE SYSTEM?

+ Real time information

+ Disrupts the classic care delivery model

+ Senses the need for change

+ Eliminates waste and latency to improve care quality and patient experience

C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N –F O R I N T E N D E D U S E R O N L Y

RT H S I S T H E I N T E R N E T O F “ H EA LT H C A RE ” T H I N G S

• RTHS is a system that is:

– Aware

– Mobile

– Collaborative

– Demanding

C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N –F O R I N T E N D E D U S E R O N L Y

RTHS STARTS WITH S ITUATIONAL AWARENESS

Visibility to the critical assets in the system and what condition they are in

+ ASSETS = patients, clinicians, care

providers, rooms, defibrillators, implants, medications, blood

+ LOCATION = longitude & latitude

+ CONDITION/STATE = available,

occupied, in-stock, temperature, expired

C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N –F O R I N T E N D E D U S E R O N L Y

SITUATIONAL AWARENESS IMPROVES OPERATIONAL INTELL IGENCE

+ Up to date information removes business constraints

+ Real-time visibility into important activities and date

+ Satisfies revenue, costs, quality, and patient experience expectations

C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N –F O R I N T E N D E D U S E R O N L Y

INTERNET OF HEALTHCARE THINGS

• Wirelessly tracking pulmonary artery pressure• Remote cardiac arrhythmia diagnosis• Smartphone enabled continuous glucose monitoring• TeleHealth & wellness• Patient Portals• Real-time location systems (RTLS)• Positive patient ID• Nurse call & tracking• Smart surgery scheduling• Automated inventory demand signals

C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N –F O R I N T E N D E D U S E R O N L Y

C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N –F O R I N T E N D E D U S E R O N L Y

REAL-TIME HEALTHCARE SYSTEM MATURITY MODEL

Level 1

Reactive

Level 2

Proactive

Level 3

Managed

Level 4

Collaborative

Siloed systems, interfaced, disjointed processes, operationally reactive.

Integrated systems, important processes monitored, performance measured, manual interventions.

Lean, automated, sensored, limited enterprise awareness.

Situationally aware, operationally intelligent, learning, continually improving.

A smart inventory management system connects every asset within a healthcare organization. This provides visibility to each patient, clinician, care provider, room, medical supply, medication, and chemical as well as their location and condition. Using the framework and technology of a

real-time healthcare system, a smart inventory management system uses interconnected intelligent systems to make managing inventory

seamless. Creating a smarter, proactive health system that can be easily shared and accessed in real-time by anyone, anywhere. In turn, improving patient care, removing manual processes, achieving

compliance, and eliminating waste.

SMART INVENTORY MANAGEMENT

Cold Chain Temperature Monitoring

Enclosures

Mobile

Real-time Location System

Smart Room

Instruments, Kits, Carts

Forward Stocking Locations

Trunk Stock

Distribution Center

Anesthesia Tracking

Scheduling

C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N –F O R I N T E N D E D U S E R O N L Y

T H E T I M E I S N O W TO D E V E LO P A S M A R T I N V E N TO RY M A N A G E M E N T SYS T E M R OA D M A P

+ Improve efficiency

+ Inventory transparency

+ Reduce expiry

+ Eliminate inefficient manual processes

+ Ensure regulatory compliance

+ Ensure product integrity

+ Improve workflow

+ Secure inventory management

C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N –F O R I N T E N D E D U S E R O N L Y

Products RAIN RFID tagged at distribution center

Product arrives at hospital

Hospital staff utilize product

Data captured

C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N –F O R I N T E N D E D U S E R O N L Y

CAPABILITIES NEEDED FOR SMART INVENTORY MANAGEMENT

+ Distributed RFID management

+ Managing infrastructure and hardware

+ Reliable system

+ Change management and staff training

+ Security and privacy

+ Data analytics and software development/implementation

+ Innovation

+ Lower costs

C O N F I D E N T I A L A N D P R O P R I E T A R Y I N F O R M A T I O N –F O R I N T E N D E D U S E R O N L Y

RESEARCH NEEDED FOR SMART INVENTORY MANAGEMENT

+ Ecosystem of providers

+ RAIN RFID is facilitating this progress

Joe Pleshek

President & CEO, Terso Solutions

joe.pleshek@tersosolutions.com