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PRESS RELEASE: November 20, 2008

WaveMark and LUMEDX Partner to Provide Integrated RFID-Enabled Solution to Streamline the Healthcare Supply Chain and Improve Clinical Workflow

Florida Hospital First to Deploy Integrated Solution to Fully Automate Charge Capture and Billing, While
Streamlining Clinical Workflow and Ensuring Accurate Inventory

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Cardiology Inventory Management Software Delivers Substantial ROI

CardioInventory™ inventory management software is a fully automated solution designed for cardiology and vascular medicine. This automated inventory manager tracks the use of supplies and devices and links that information to the patient's full electronic medical record (EMR). By combining device usage with procedural data, CardioInventory provides a real-time look at your clinical outcomes with various therapeutic devices, supporting quality improvement initiatives. In addition, as a cardiac inventory management system, reports and analytics enable your medical center to make informed decisions to control costs, negotiate vendor agreements, and maximize third-party reimbursements. All of these advanced capabilities make CardioInventory the most robust, integrated inventory management software available for cardiology and vascular medicine today.

Elegant tools capture the use of devices and equipment right in the normal workflow. Users can use a portable laser-light wand to scan items as they are opened or scan in pre-set order cards with a standard set of items used in a particular procedure. The inventory items can also be auto-decremented from the hemodynamic or procedure log connected to Apollo through an interface. Product usage and re-order requests may be sent to materials management or the manufacturer automatically when inventory falls below a certain pre-determined level. With a real-time system, such as CardioInventory, medical centers can implement just-in-time ordering and inventory management.

BENEFITS:

Accurately track overall inventory, usage, and costs to understand the total cost of procedures and effectively control waste
Use automated data entry tools: laser light barcode wand, two-way HIS interfaces, and auto-decrement of the hemodynamic procedure log
Use volume trends to negotiate better deals with vendors

"Since implementation, Florida Hospital has saved over 3 million dollars."

Sam Braga
Cardiology Materials Manager
Florida Hospital

"Saint Vincent Heart Center reported a total savings of $1,038,000 in the cath lab over an 18-month period using the LUMEDX Apollo clinical information system….Apollo helped us show the hospital leadership that we are aggressively seeking cost containment and-as a result-they bought us a new cath lab."

Pamela Goepfarth, RN, RCIS
Director of Heart Center Quality & Informatics
Saint Vincent Health Center

Free Information Kit on CD

Immediate, Quantifiable & Substantial ROI: Inventory Management Information Kit

CardioInventory Solution Brochure: Features, benefits, user workflow and select screen views
Cath Lab Digest Article: Managing High-Volume Inventory: Increasing Efficiency, Decreasing Costs at Florida Hospital
Case Study:
- University of Colorado Hospital: Connecting Silos of Information Results in Best-Quality Care, Makes Best Business Sense
- Montefiore Medical Center Receives Top Honors for Treatment of Life-Threatening Emergencies
Position Paper: Today's Inventory Systems Deliver Breakthrough Advances: Controlling Costs & Tracking Clinical Outcomes for Rapid ROI
Data Sheet: 7 Reasons Why You Need an Automated Inventory System
LUMEDX Complete Solutions Offering poster with modules, registries, interfaces available for implementation
Select Sample Reports for CardioInventory

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