RTLS Healthcare ROI: Use Cases and Financial Benefits
Introduction
As we address pain points that RTLS healthcare solutions can solve, we naturally focus on healthcare problems. In today’s world, having a well-structured digital foundation is vital. Moreover, the use of real-time location systems healthcare gradually becomes an essential addition to every healthcare facility. Specifically, it prioritizes patient safety and optimizes services. Additionally, it ensures smooth operations where mistakes stay minimal.
This article provides insights into the important use cases of RTLS in healthcare. Furthermore, it highlights the quantifiable RTLS healthcare ROI it brings.
Key RTLS for Healthcare Use Cases
Asset Management and Optimization
First and foremost, RTLS enables precise tracking and management of crucial medical assets. These include infusion pumps, wheelchairs, and monitoring devices. Moreover, by efficiently locating and monitoring these assets in real-time,
healthcare facilities experience reduced downtime. Additionally, they minimize equipment loss and increase asset utilization rates.
Enhanced Patient Safety
Second, with RTLS, patient safety takes center stage. Specifically, hospitals can monitor patient movements and prevent elopement incidents. Furthermore, they can optimize patient flow. Real-time alerts and notifications ensure timely responses to emergencies. Consequently, this fosters an environment of enhanced patient security and care.
Streamlined Workflows
Third, RTLS optimizes staff movements and streamlines workflows and resource allocation. As a result, this leads to reduced wait times for patients. Moreover, it improves staff productivity. Ultimately, this creates better patient experiences.
Contact Tracing
Fourth, RTLS plays a critical role in maintaining infection control protocols within healthcare facilities. Specifically, by tracking the movements of medical staff and patients, hospitals can quickly identify and contain potential outbreaks. Additionally, RTLS data helps analyze patterns of contact and potential transmission. Therefore, this facilitates targeted interventions to prevent the spread of infections.
Hand Hygiene Monitoring
Finally, hand hygiene compliance is vital for patient safety. Specifically, RTLS enables real-time monitoring of healthcare professionals’ handwashing practices. Consequently, this ensures adherence to protocols and reduces healthcare-associated infections (HAIs). Moreover, immediate feedback promotes a culture of awareness and enhances patient outcomes. Additionally, analyzing compliance trends aids staff training and elevates patient care with Penguin’s comprehensive RTLS solutions.
Therefore, discover how RTLS revolutionizes hand hygiene for North American healthcare facilities.
RTLS Healthcare ROI Drivers
Cost Savings from Asset Utilization
Research in North American hospitals highlights the substantial financial impact of asset theft and loss. In fact, multiple studies demonstrate that the annual cost of hospital equipment losses can range from $4,000 to $12,000 per bed. Consequently, this translates to annual losses that could range from $400,000 to $1,200,000.
Increased Patient Throughput
By minimizing patient wait times and optimizing bed turnover, RTLS helps hospitals accommodate more patients. Notably, a 15% increase in patient throughput appears in several case studies. As a result, this could lead to potential annual revenue growth of $2 million per facility.
Avoidance of Legal Liabilities
Implementing RTLS in elderly care units led to an 80% reduction in patient elopement incidents in North American healthcare facilities. Importantly, this reduction ensures patient safety and mitigates potential legal liabilities. Therefore, this protects hospitals from substantial financial consequences.
Penguin Location Service: An Affordable Healthcare RTLS Provider with a Simplified Managed System
Penguin takes pride in offering a cost-effective and user-friendly RTLS solution. Specifically, our solution caters to the specific needs of healthcare providers. Moreover, our simplified managed solutions (PENTRACK & PENNAV) ensure seamless integration into existing infrastructures. Consequently, this eliminates the need for complex and costly installations.
Through our advanced tracking technology, healthcare facilities can optimize asset utilization, streamline workflows, and enhance patient safety. Additionally, they achieve significant cost savings. Furthermore, with Penguin as a reliable RTLS partner, hospitals can focus on delivering top-notch patient care. They can remain confident that their operational efficiency and ROI stay maximized.
Read more about our process to align with “CBAHI” Additionally, learn how we help our clients achieve regulatory compliance in our in-depth article.
Conclusion
The RTLS healthcare ROI in the healthcare industry is undeniable. In fact, North American healthcare facilities experience substantial cost savings, improved patient care, and optimized hospital operations.
As the healthcare landscape continues to evolve, RTLS emerges as a transformative solution. Specifically, it brings precision and efficiency to healthcare operations. Moreover, Penguin’s affordable RTLS offering, coupled with a simplified managed system, positions us as a leading provider in the market. Therefore, we empower healthcare organizations to unlock the true potential of RTLS. Ultimately, they can thrive in an era of precision healthcare.
Furthermore, with a multitude of use cases, RTLS becomes an indispensable tool. Consequently, it elevates healthcare services to new levels of excellence.
With Penguin as your trusted partner, we deliver innovative and tailored RTLS solutions for your indoor positioning and tracking needs.
Contact us today to enhance your indoor positioning capabilities.
Learn more about our solutions here
Source: Real-Time Locating Systems (RTLS) to improve fall detection
