SOURCE: Optime Supply Chain

Optime Supply Chain Optime Supply Chain

April 17, 2013 09:00 ET

VUEMED, Optime Team Up to Give Hospitals Ability to Track, Analyze All Supply Data

SKOKIE, IL--(Marketwired - Apr 17, 2013) - VUEMED and Optimé Supply Chain, two leaders in healthcare supply chain technology, have joined forces to create OptiVue™, an exclusive Web-based software solution that gives hospital managers and administrators totally reliable and comprehensive clinical utilization data, as well as the means to analyze and act on it.

OptiVue™ successfully breaks down IT system silos in hospitals and creates a seamless, integrated data flow from otherwise fragmented applications, such as materials management, clinical information systems, billing and electronic medical records. The new technology connects patient, demographic and account information to the supplies used at the point of care, as well as to the performing physicians and procedure type. As a result, hospitals are able to track product flow, clinical utilization and patient care costs with complete certainty.

"Most hospitals do not have the tools necessary to access, gather and analyze all the data they need to make informed decisions about their inventory composition, supply purchases, clinical utilization and comparative effectiveness," said Lana Makhanik, vice president of business development for VUEMED. "With rising costs, declining reimbursements and new demands for quality, that is not a sustainable situation, so VUEMED and Optimé decided to work together to provide a single tool that meets this need."

OptiVue™ utilizes two cutting-edge software applications -- VUEMED's VueTrack™ and Optimé's SmartANALYTICS™. VueTrack™ is a Software-as-a-Service system that uses advanced barcode scanning technology combined with a master database of products to capture and send all clinical inventory transactional and documentation data to servers via the Web, thereby allowing users to have real-time access to critical inventory and financial information as well as easily run complex analytical reports.

SmartANALYTICS™ creates actionable service line dashboards that enable hospital staff to bring together patient-level data on utilization, cost, revenue and outcomes. It enables hospitals to determine product quality, utilization patterns, contribution margin and comparative clinical effectiveness.

"Each of our companies' solutions solves a significant problem in managing the healthcare supply chain," said Optimé CEO Ed Hisscock. "By bringing together this technology, we are giving hospitals a complete picture of the lifecycle of supplies such as medical devices, so they can learn how they perform in terms of costs and quality, and how effectively individual providers are using them. This is about the future of this industry -- being able to mine the full range of clinical, operational and financial data to drive more value-based care."

About VUEMED
VUEMED is a global healthcare technology company that offers innovative software and web-based solutions for the documentation and tracking of medical products, devices and supplies in a variety of healthcare organizations such as hospitals, ambulatory care facilities, and surgical centers. VUEMED is known among its customers not only for its superior technology, but also for its exceptional customer service and attention to detail. For more information, visit vuemed.com.

About Optimé
Optimé Supply Chain, Inc. empowers providers with highly configurable data/document management, workflow, analytics and optimization applications to reduce cost, waste and variation in all aspects of the healthcare supply chain. With a team of veteran practitioners and optimization software engineers, Optimé becomes a partner that helps hospitals and integrated delivery networks control their supply chain destinies. For more information, visit optimesupplychain.com.

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