Finance requires accurate, timely, and comprehensive information related to the manufacture, shipping, usage, returns, and the resulting revenue and write-offs. This information can be very difficult to obtain given the highly dispersed nature of the medical device field inventory in healthcare provider facilities around the world. While consignment allows for revenue generation, it also creates headaches for Finance who must have visibility to the products in the field.

Healthcare Suppliers are looking to reduce the uncertainty associated with field inventory through using WaveMark RFID-enabled solutions. These solutions provide serial-level track and trace capability so that shipped, purchased, returned and field inventory stock are visible.

WaveMark's solutions are designed to track inventory from inception to final use with shared visibility by all parties across enterprise boundaries. This enables enhanced financial compliance.

• Improved accuracy of field inventory audits
• Reduction E&O and days sale outstanding
• Improved return on assets
• Reduced legal liability through increased tracking of devices in clinical trials and post-trial

To see more details on the equipment, click here