What is Inventory Tracking and Why Do You Need It?

Inventory management and tracking is a critical function of any healthcare provider. Accurate tracking allows healthcare providers not only to monitor the performance of various supplies, identifying any potential safety concerns promptly, and facilitating timely replacements if necessary, but it also aids in effective stock control. By keeping a close track of inventory levels and expiry dates, healthcare providers can prevent situations where critical items run out of stock or expire, both of which could lead to significant cost implications and potential delays in procedures.

This level of tracking enables accurate management and allocation for various healthcare needs, which is crucial in maintaining operational efficiency and patient care quality. Additionally, it assists in maintaining regulatory compliance, as it provides an audit trail that allows for traceability and accountability of items from procurement to usage.

In the context of financial management, avoiding overstock and expired stock can contribute to significant cost savings and efficiency. The potential loss due to expired or obsolete stock, as well as emergency procurement costs for out-of-stock items, can be significant, negatively impacting the operational budget.

Lastly, effective tracking enhances the overall quality of patient care by ensuring that only safe, effective, and in-date items are in use, and that any potential complications can be addressed swiftly and efficiently. Thus, inventory tracking forms an integral part of healthcare provision, both from a safety and a financial perspective.

How Can Healthsoft CheckPoint Help?

Healthsoft CheckPoint is a bespoke Inventory Tracking platform, purpose-built for healthcare. Unlike generic inventory management systems, it uniquely addresses the demands of clinical use and is ready for integration with health-specific systems, including the Australian TGA UDI System, the Australian Government Prostheses List, Clinical Reporting, EMR, and Supply Chain Management systems.

Developed with an understanding of the everyday challenges of clinicians and hospital staff, Healthsoft CheckPoint prioritizes clinical workflows without disrupting them. It enhances operations in Cath Labs and Operating Theatres, making it an integral part of the hospital inventory tracking lifecycle.

Capable of managing and tracking a wide range of hospital supplies—from pharmaceuticals to surgical tools—Healthsoft CheckPoint delivers this information in real-time via a comprehensive dashboard, accessible on any device, and real-time notifications.

Transitioning to a new system can be intimidating, but with Healthsoft CheckPoint, disruption is minimal. Requiring no expensive hardware, software, or extensive training, it integrates smoothly into your existing operations.

Security and accessibility form the core of Healthsoft CheckPoint. Operating securely in the cloud, it uses standard hardware for physical 'Terminals', providing real-time updates from anywhere, eliminating the need for costly, bespoke installations.

See Healthsoft CheckPoint in action. Contact us for a demo today.