The Innovation of RFID Smart Cabinets In Healthcare
Hospitals are accepting the smart cabinet concept with Radio-frequency identification technology to their operating cabinets and cath labs [examination room] for managing and tracking medical devices. This technology allows hospitals to replace the traditional bar-code system. And it generates a unified platform that identifies the complete vendor spectrum and simplifies the direct communication process with the medical service provides. The trending ERP system makes things possible, which was previously just not likely to do beforehand.
How RFID Technology is managing Real-Time Tracking and Medical Devices?
The Smart Cabinets with RFID technology offer an easy user interface with point-of-use reporting, and a simple user interface for actual-time tracking and managing the medical devices like stents, implants, and many more. Whenever a device is removed from the dedicated location or shelves, immediately the Smart Cabinet records and tracks the product for automated inventory management that saves time in the OR and improves medical-device follow-up. Smart Cabinet recalls the manufacturer about the product that the healthcare service provider needs.
How RFID Technology is Succoring the Healthcare Industry?
With the support of Radio-frequency identification technology hospitals can directly send their requirements to vendors, manufacturers, and distributors. It offers high-level transparency in the supply chain process. Also, this solution provides a suitable infrastructure that can ensure a better hospital facility.
Take a Deep Dive to Understand The Advantages
The Smart Cabinets offer various benefits to the hospitals, including:
- One platform for all the product serialization and data
- Deliver Real-time information of all the products movement
- Automatic replenishment orders
- Eliminated expired or lost items
- Improved patient safety
- Improved inventory management
- Reduced inventory costs
- Improvements for healthcare personnel
- It increases online- visibility of high-cost items like delivery, data storage, medical device record including billing
All these benefits are the key reason hospitals accept the innovative concept of the Smart Cabinet, and now its become a growing trend that is disrupting the healthcare industry. Its digitally connects vendors, software applications, and various type of devices. Because everyone connected with the hospital [nurses, patients, and vendors] understand the importance of data unified method, efficiency and accuracy have grown, and better medical care is provided.
Market Growth of RFID Technology
The U.S military developed this technology to track their equipment in the year 1940. Since that time, people felt the need for a real-time tracking solution. And now, RFID is disrupting the industry through its cutting-edge advantages.
The adoption of RFID technology is helping the supply chain management, asset tracking and payments, real-time intelligence, and NFC. Government mandates RFID tags for tracking different industry products, including livestock, data centers, defense, are proving the significant factors in the healthcare industry development.
The global Radio Frequency Identification market is predicted to reach USD 27.56 billion by the year 2025, and it’s witnessing a compound annual growth rate of 6.8% during the projected period. The rapid adoption of security and access control apps, growing demand for RFID technology in the supply chain market, and the emergence of IoT are the key factors. Additionally, the tech revolution has increased the RFID with GPS and IoT. This integration is expected to introduce more opportunities for the market.
RFID is swiftly making headway into the sector like healthcare and pharmaceutical to assets tracking, inventory management, and supply chain management. Specifically, inventory management uses RFID technology to manage the misplacement of medicine, medical equipment, along with its minimizes errors and develop better patient safety. RFID insists people accept this smart cabinet concept to get a better medical care solution.
Undoubtedly, RFID is entering an exciting period, while the adoption of this technology proved it has some qualities that simplify various industry problems and gives a new angle. So both RFID manufacturers and end-users should be prepared to explore these smart technologies, and they can see the widespread use of RFID in all industry.