Brochure
SpaceTRAX Inventory Management Solution Overview
Securitas Healthcare’s SpaceTRAX® Inventory Management solution is a real-time, point-of-use system that helps reduce costs, optimize inventory and improve patient care.
Challenge
Many healthcare organizations are still battling manual inventory management processes.
There’s a lack of real-time visibility into supplies and how they’re being used.
Overstocking leads to items expiring on the shelf, while items missed on a procedure result in lost/missed charges.
And when organizations make “just-in-case” purchases or buy zero-use items, it leads to unnecessary carrying costs.
How It Works
Why Securitas Healthcare for Inventory Management?
SpaceTRAX customers see returns within the first six months, including:
• 5% to 10% reduction in on-hand inventory
• 10% to 30% reduction in labor cost to manage inventory
• 50% to 100% reduction in expired item cost
• 1% to 3% increase in vendor discounts
With automatic capture of key information for case management—including supplies, patient, staff and clinical attributes—SpaceTRAX makes life easy for clinical users at the point of use and for staff managing departmental inventory.
SpaceTRAX offers a global item database that is continually updated in a consistent nomenclature by clinical experts.
SpaceTRAX features roll-up reporting for multiple departments in multiple hospitals. No other system provides instant department and facility roll-up.
As an entirely web-based SaaS application, SpaceTRAX requires no capital investment and minimal IT involvement. With Securitas Healthcare’s streamlined implementation process, an organization can be up and running on SpaceTRAX over a long weekend. What’s more, SpaceTRAX works with all existing storage units.
“We are able to consistently report less than 1% variances in cath lab and open-heart inventory.”
