Will Preview Suite of Supply Solutions to Advance Hospital Supply Management Efficiency
MOUNTAIN VIEW, Calif. - Omnicell, Inc. (NASDAQ:OMCL), a leading provider of medication and supply management solutions and analytics software for healthcare facilities, today announced that it will be previewing its new suite of supply solutions during the Association for Healthcare Resource and Materials Management Conference (AHRMM) in booth #407 at the Henry B. Gonzalez Convention Center in San Antonio, Texas.
The supply solutions to be previewed include Omnicell Supply for both open and closed cabinet systems, OptiFlex(TM) Specialty Systems for the operating room (OR) and Pandora® Financials analytics software. These systems are the basis of Omnicell's future vision for leading supply solutions:
Omnicell Supply for open and closed systems will be part of the G4 platform of medication and supply automation solutions. Healthcare facilities will be able to operate Omnicell supply, pharmacy, anesthesia, and mobile systems from a single server, integrated to streamline database management and increase accuracy. The new Omnicell Supply system is designed with advances such as embedded text-to-speech capability that provides verbal confirmation to end users to streamline materials workflow, audio alerts for expired products or latex warnings and enhanced user security with audio login confirmation. The new Omnicell Supply will also provide an enhanced patient issue review/credit functionality.
OptiFlex and its industry-leading specialty supply chain applications can increase return-on-investment by helping to reduce consumption and inventory while increasing charge capture and efficiency. These applications are specifically developed to handle the complex supply chain processes associated with the OR and procedural areas.
Pandora Financials is designed to deliver actionable supply inventory level information to hospitals, alleviating the time burden required for manual data analysis. Providers are now able to easily and efficiently access critical information such as total inventory costs of medications and supplies, location-specific inventory turns and costs per patient stay.
The Remote Par Optimization (RPO) module for the Pandora Financials software application provides a streamlined system for implementing par levels, designed to save time and enhance operational efficiency. The easy-to-use RPO module allows materials managers to leverage the power of an analytics engine to determine optimal par levels and then implement recommendations seamlessly to the Omnicell supply cabinets.
In addition to the preview of the coming supply suite of solutions, Omnicell will also demonstrate the Savvy(TM) Mobile Medication System running OptiFlex software, as well as combination automated dispensing cabinets able to handle both supply and medications.
"Research shows that supplies and inventory account for 30 to 40 percent of an average hospital's budget,"(1) said Marga Ortigas-Wedekind, Omnicell executive vice president, global marketing and product development. "We know our customers are challenged to improve efficiencies and reduce costs while increasing quality of care for better patient outcomes. Our vision for the Omnicell supply suite is another demonstration of our commitment to develop solutions to help hospitals improve the healthcare supply chain process and thereby meet their efficiency goals."
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Omnicell, Inc. (NASDAQ: OMCL) is a leading provider of automation and business information solutions enabling hospitals and other healthcare organizations to streamline the medication administration process and manage costly medical supplies for increased operational efficiency and enhanced patient safety. Through seamless integration with a customer's existing IT infrastructure, Omnicell solutions empower healthcare facilities to achieve comprehensive automation of medication and supply management from the arrival at the loading dock to the patient's bedside. Omnicell also provides healthcare facilities with business analytics software designed to improve medication diversion detection and regulatory compliance.
Since 1992, more than 2,600 hospital customers worldwide have utilized Omnicell's medication automation, supply chain, and analytics solutions to enable them to increase patient safety, improve efficiency and address changing healthcare regulations while providing effective control of costs, charge capture for payer reimbursement and inventory management of medications and supplies.
MTS Medication Technologies, a wholly owned Omnicell subsidiary, is a leader in medication adherence packaging systems designed to improve medication dispensing and administration. MTS enables approximately 6,000 institutional and retail pharmacies worldwide to maintain high accuracy and quality standards while optimizing productivity and controlling costs. The MTS product line includes more than 20 packaging machines and 50 types of consumable products.
For more information about Omnicell, please visit www.omnicell.com. Visit www.mts-mt.com for more information about MTS.
1. Claudia Rosales. "Storing and Dispensing Hospital Supplies to Nursing Wards - The RFID-Enabled, Two-Bin System." University of Cincinnati. Montreal June 22, 2011
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