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NEW LEVEL OF PATIENT SAFETY ACHIEVED THROUGH INTEGRATION OF RFID AND RECALL MANAGEMENT SERVICEFOR HOSPITALS

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WaveMark and Noblis Announce Real-time Inventory and RASMAS Recall Management Solution Interoperability

Littleton, MA AND Falls Church, VA – March 17, 2009 – WaveMark, a leading provider of realtime inventory management solutions for high value medical products, and Noblis, provider of the RASMAS recall management solution, announce an agreement to offer supply-chain and patient safety service interoperability that provides the most immediate, automated, and documented recall capability for medical devices on the market today. The integrated solution of RFID enabled supply chain and recall management enables healthcare providers to reach a new standard in patient safety.

“We are passionate about delivering solutions that uphold our commitment to patient safety and streamlining the healthcare supply chain,” said John Wass, CEO, WaveMark. “By interfacing the RASMAS proven alert management solution with WaveMark CIMS, we provide an additional means for today’s hospitals and healthcare organizations to better manage their recall process and ultimately improve patient safety.”

With a commitment to stream-line healthcare processes, reduce errors, decrease costs, and improve patient safety, WaveMark and Noblis are collaborating to deliver:

  • Real-time identification and location of recalled products: WaveMark CIMS uses RFID and network technologies to automate the management and tracking of high-value hospital inventory and RASMAS delivers and manages electronic product alerts. Together, defective products are automatically identified and located by lot and serial number so healthcare workers can spend more time with patients and less time searching stockroom shelves.
  • Recall documentation linked to inventory and EHRs: RASMAS workflow provides comprehensive reporting to respond to recall audits. With WaveMark CIMS, recall remediation documentation can be linked to the hospital’s product inventory database and can reference the patient Electronic Health Record (EHR), eliminating the need for duplicate data entry and the potential errors.
  • An expanded patient safety community: WaveMark solutions provide real-time, integrated supply chain collaboration between hospitals and medical device suppliers. WaveMark CIMS users can now collaborate with the RASMAS community of hospital patient safety, risk, and material management professionals who are focused on product recalls.

“We are very pleased to have this relationship,” says Mark Lay, RASMAS Program Director. “RASMAS is designed to drive best practices in recall management and with WaveMark CIMS interoperability; hospitals can improve patient safety with more automated and expeditious means of removing potentially harmful products.”

About WaveMark
WaveMark (www.wavemark.net) is a leading provider of real-time inventory management (RTIM) solutions for high value medical products. WaveMark leverages its proven expertise in Radio Frequency Identification (RFID) and network technology to help healthcare providers and medical device suppliers address key concerns in healthcare including cost containment, patient safety, and regulatory compliance. Committed to a more efficient healthcare supply chain, WaveMark’s solutions are available on a subscription basis and eliminate manual processes, reduce costs and streamline workflows for hospitals and suppliers. WaveMark’s clinical and field inventory solutions offer product-level visibility and highly effective inventory control, which support regulatory compliance and a rapid return on investment. WaveMark was founded in 2003 and has been deployed in special procedure labs such as Cath, IR, EP as well as operating rooms.

About Noblis
Noblis (www.noblis.org) is a nonprofit science, technology and strategy organization that helps clients in the public and private sector solve complex scientific, systems, process, and infrastructure problems in ways that benefit the public. RASMAS (rasmas.noblis.org) is a webbased service that enables healthcare providers and suppliers to collaborate and respond to product recalls and alerts with dramatically increased speed, thus lowering administrative costs, mitigating legal risk, and most importantly, improving patient safety.

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Contact:
Colleen Terry, WaveMark
978.431.1600
colleen.terry@wavemark.net

Edna Davis, Noblis
703-610-1953
edavis@noblis.org



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