Free Trend Report Free 2018 Report & eBook

Get the top 100 trends happening right NOW -- plus a FREE copy of our award-winning book.

Keynotes.org Our Research Methodology

This article is one of 350,000 experiments. We use crowd filtering, big data and AI to identify insights.

Inventory System LendMed Helps Hospitals Keep Track of Shared Equipment

 - Sep 16, 2015
References: lendmed & springwise
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.