Loopstock – location-based automation for hospitals

The healthcare industry heavily relies on manual processes to ensure efficient day to day operations. Most of the repetitive tasks can be automated.

loopstock.io

The Challenge

Loopstock's inventory management module helps you cut down on waste by notifying you before products go bad and by adjusting the stock levels to your need.

Product expiration

Studies estimate about 10% of all inventory of a hospital gets thrown out because it passed the expiration date.

Missing inventory

Let's face it, where there is inventory there is also missing inventory. In healthcare as much as 7% of material is lost.

Stock level reduction

In healthcare inventory tends to be overstocked because stock outs can potentially become dangerous for patients.

Our Solution

RFID TAGS

We use a variety of different RFID tags to identify and track consumable and non-consumable inventory in healthcare.
Each tag is specialized for its job, be it for permanent or temporary use, active or passive data transmission, special tags for metallic surfaces or those that withstand the sterilization process.

READERS

Our readers will be installed as gates inside of the door-frames along important inventory routes or on the ceiling for covering entire rooms.
Once a tag passes one of the readers its movement will be recorded.

MODULAR APP

The core application handles tracking and identification. Depending on the use-case different modules can be added to automate a variety of tasks.
Modules determine what actions are triggered as soon as inventory is registered at a specific location - for example ordering new inventory, sending out consumption reports or notifying logistics to pick up goods

The Outcome

In case you want to chat about this project, please reach out to martin.m@wattx.io

Automated real-time stock-takes in every storage room - no need to manually count, log details in a computer, or scan a barcode.
Make sure you have all the inventory you need but never more than that.
Use our global product database to directly import thousands of products into your master. No more spreadsheet or CSV chaos, ever.
Reports give supply chain management and administration total transparency on the use of material and current inventory levels on a per room bases.
Using your consumption data and other external data streams, we use data science to predict future demand of material - continuously optimizing the amount of stock you have on hand.
The inventory management module seamlessly connects to your existing HIS or material management system so that automation helps you optimize processes across multiple departments.