Hospitals continue to face challenges around lowering operating margins, reducing staff turnover, increasing staff safety, and stopping patients from leaving without treatment. RTLS provides hospitals visibility into key assets, including equipment, staff and patients, and enables them to better manage their equipment, provide timely response to staff duress or safety issues, and improve the overall workflows and experiences of patients and staff.
By helping hospitals understand and optimize usage of current equipment, RTLS can have a meaningful impact on hospital revenue by helping save valuable capital expense (CAPEX) and operating expense (OPEX) money invested each year in purchasing additional equipment. The solution can also help reduce cost of non-compliance by automating key workflows when monitoring environments or hand hygiene. Additionally, it can impact the patient experience and influence the provider they choose in the future which may impact overall hospital revenues.