SOURCE: Jump Technologies, Inc.

Jump Technologies, Inc.

December 15, 2015 10:00 ET

Jump Technologies, Inc. Announces Key Achievements of 2015

Company Experienced Significant Growth Among Hospital and Health System Customers, Solutions, and Industry Expertise and Alliances

EAGAN, MN--(Marketwired - December 15, 2015) - Jump Technologies, Inc., an innovative software company with solutions that improve supply management in hospitals, today announced a list of major accomplishments of 2015, a year of significant growth for the organization. In an era when health systems must seek new ways to reduce costs and increase efficiencies, JumpTech has continued to expand its portfolio of cloud-based mobile solutions that reduce labor, reduce costs, and enable more automated and accurate supply management. The following are among the most significant accomplishments of Jump Technologies in 2015:

1) Launched New Cloud-based Supply Management Solutions

JumpTech introduced two new solutions for receiving and package tracking within healthcare systems:

  • InnerTrack provides hospitals using their own couriers with new tools to manage and track the movement of packages within a healthcare system, including supplies, specimens and other items. These capabilities eliminate the manual, paper-based processes currently associated with point-to-point pick-up, delivery and tracking.
  • InnerTrack with Receiving provides dock-to-destination automation, eliminating manual processes, creating an electronic audit trail and building visibility to all incoming shipments. 

Both InnerTrack and InnerTrack with Receiving are currently in use in hospitals throughout the United States.

2) Completed New System Integrations

With continued hospital reliance on Enterprise Resource Planning (ERP) systems, integration between the ERP and JumpTech solutions to enable data sharing is an essential component of advancing customer efficiencies. This year, the JumpTech integration team created new interfaces between JumpStock inventory management and:

  • PeopleSoft
  • PMM (McKesson)
  • Lawson
  • HL7 ADT Interface (All systems)
  • HL7 DFT Billing Interface (All systems)

 For InnerTrack, interfaces have been created for:

  • Meditech
  • PMM
  • Lawson
  • Peoplesoft
  • Oracle
  • CSV flat file with receipt information (used for home grown or one-off systems)
  • UPS
  • FedEx

The data sharing that is enabled by these interfaces helps extend the investment already made in ERP systems while greatly increasing the functionality with new cloud-based mobile technology.

3) Significant Business Growth

Healthcare systems have looked to JumpTech to help build new automation and efficiencies in their supply management processes, extending the reach of their current ERP system. From year end 2014 to year end 2015, the number of healthcare facilities using JumpStock for inventory management and / or InnerTrack for package receiving and tracking has doubled, increasing by 100 percent. This demonstrates the need of supply chain leaders in healthcare systems to improve productivity, increase automation, reduce costs, and reduce problems resulting from poor inventory management processes, and recognizes JumpTech's ability to meet those needs with continually enhanced cloud-based solutions.

4) Deepened Healthcare Industry Expertise

JumpTech continues to grow in industry expertise, this year adding two senior level staff members with deep hospital and healthcare experience in supply chain and technology. Joining this year: James Bellon, senior system integration engineer, with over 20 years' experience developing deep integration to connect healthcare technology vendor solutions with hospital ERP systems and Sophie Rutherford, vice president of Business Development, bringing over 20 years of healthcare supply chain experience and a focus on improving technology and business processes to create a more efficient and sustainable industry.

5) Business Recognition

JumpTech was recognized for providing the technical infrastructure behind one of the Supply & Demand Chain Executive "100 Great Supply Chain Projects." In a collaborative effort with Penn State Milton S. Hershey Medical Center, JumpTech received this award which honors supply chain solution and service providers helping their customers and clients achieve supply chain excellence, producing measureable gains in ROI through cost-cutting and increased efficiency.

In addition, John Freund, CEO of JumpTech was featured in a segment on the business series "Corporate Review," an award winning program which airs on Fox Business News and Bloomberg TV. An onsite interview highlighting the JumpTech InnerTrack solution at a major New York City hospital was included the segment.

6) Business Development

JumpTech advanced industry relationships to make solutions highly accessible to all hospitals and healthcare systems by signing agreements with regional group purchasing organizations, including GNYHA, Illucient and Capstone Alliance. Additionally in 2015, JumpTech announced an agreement with the Rural Health Alliance, to help smaller rural hospitals grow their technology infrastructures.

"With the Centers for Medicare and Medicaid Services reporting 27 percent of hospitals at a negative operation margin in 2013, and an expectation that this number will reach 28 to 30 percent by 20191, it's increasingly clear that hospitals must find new ways to reduce costs," said John Freund, CEO, Jump Technologies. "Throughout the year, the team at JumpTech has remained laser-focused on delivering new technology solutions that help bridge gaps in the ERP systems used in hospitals today. Hospitals must have access to affordable, easily implemented technology so they can quickly and continually increase productivity while reducing costs."

1 Triple Tree Blog Post, 11/24/2015

About Jump Technologies, Inc.
JumpTech is the first provider of cloud-based inventory management solutions for hospitals and healthcare organizations that are easy to implement, adopt and manage, using mobile devices such as tablets and smartphones. Eliminating extensive investments in hardware, implementation time and training, solutions from JumpTech are guaranteed to deliver immediate return on investment. Easy-to-use interfaces and accurate, timely reports help drive compliance, reduce training, save hard dollars and reduce labor. For more information, visit www.jumptech.com or call (888) 373-7226. Follow the company on LinkedIn, Twitter @JumpTechNews and on Google+ at google.com/+JumptechInc.