ATLANTA, June 30, 2014 /PRNewswire/ --Medical Asset Management, Inc. (Atlanta, Georgia), the parent company of iRCODER.COM® recently signed an agreement with Arkansas Heart Hospital (Little Rock, Arkansas) to install its Procedure-Integrated Inventory Management System (PIIMS®) in its four (4) Cardiac Catheterization Labs, two (2) Electrophysiology (EP) Labs, Clinic and Operating Room.
PIIMS® is an intelligent inventory management system that allows the hospital to truly manage inventory. Like most inventory management systems, it tracks the use of inventory, monitors expired and expiring products on a real-time basis (including the associated costs of the expired or expiring products) and tracks model and lot numbers for quick identification of recalled products. Unlike these same inventory management systems, PIIMS® also includes comprehensive cost-tracking intelligence. Hospital staff now has immediate access to the dollar value of its inventory.
Because the hospital already utilizes Medical Asset Management, Inc.'s web-based iRCODER.COM®, PIIMS® can be used as a stand-alone product or in conjunction with iRCODER.COM. When both systems are used together, the intelligence built into both products recognizes when a device has been used in a procedure, but not charged. Conversely, it will not allow a device to be charged if not used in a procedure.
Some cabinet-based systems are cost-prohibitive in the second and subsequent years of an agreement because most of the savings are realized at implementation of the system. Thereafter, the expense of leasing the cabinets may exceed actual savings; which makes the product less attractive long term. PIIMS® is an internet-based inventory management system, thereby not requiring the lease of equipment.
Gary Burns, Principal of Medical Asset Management, Inc. says, "using this inventory tracking system allows a hospital to avoid issues associated with expired inventory: inefficient management of supply purchases, waste and financial losses associated with inventory that cannot be used. A hospital wants to avoid Joint Commission violations as well as legal issues associated with carrying expired products on its shelves."
PIIMS ® (Procedure-Integrated Inventory Management System) is a comprehensive web-based inventory management system that sets and monitors par levels, tracks product details and usage to keep older products in proper rotation for immediate use.
iRCODER.COM®, a division of Medical Asset Management, Inc. is headquartered in Atlanta, Georgia with hospital clients nationwide. For more information about these products, please visit www.ircoder.com or www.piims.ircoder.com.
CONTACT: Dexter Hall, 1-404-346-1900 x227, dexter.hall@ircoder.com
SOURCE Medical Asset Management, Inc.
