This new inventory system could save hospitals quite a considerably sum of money. Designed specifically for medical institutions, LendMed helps hospitals and their departments with expensive equipment exchanges, resulting in savings of up to $1 million USD a year.
Given how expensive medical equipment is, many hospitals borrow from each other extensively. The LendMed inventory system allows them to keep track of all this sharing -- something no one else is doing in a centralized manner. The digital lending network can be accessed in a variety of ways, from smartphones to kiosks to portals. This allows establishments around the country to stay connected more easily. Inventory can cover everything from large machinery to the little things such as bandages and pharmaceuticals.
The data collected from the system can also be compiled into useful reports.
Medical Lending Networks
Inventory System LendMed Helps Hospitals Keep Track of Shared Equipment
Trend Themes
1. Medical Lending Networks - LendMed's inventory system is creating a trend of centralized borrowing and sharing of expensive medical equipment between hospitals, resulting in significant cost savings.
2. Digital Lending Networks - The LendMed inventory system is part of a larger trend of digital lending networks, providing hospitals with convenient access to shared equipment and supplies through various platforms.
3. Data-driven Inventory Management - LendMed's data collection and reporting capabilities are part of a growing trend in using data to optimize inventory management in medical institutions, improving efficiency and cost-effectiveness.
Industry Implications
1. Healthcare Industry - LendMed's inventory system is disrupting the way hospitals share and exchange expensive medical equipment, creating opportunities for cost savings and improved equipment availability within the healthcare industry.
2. Technology Industry - The development of digital lending networks like LendMed is creating opportunities for tech companies to provide innovative inventory management solutions to the healthcare industry.
3. Data Analytics Industry - The data-driven approach of LendMed's inventory system opens up opportunities for the data analytics industry to provide insights and recommendations for optimizing inventory management in medical institutions.