The Importance of Tracking Assets in Hospitals

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The Importance of Tracking Assets in Hospitals

In the fast-paced environment of healthcare, efficient asset management is crucial. Location-based Asset Management solutions combine wireless asset tags and an enterprise RTLS platform to continuously monitor and proactively manage mobile assets across the enterprise.


Are you ready for a better way to find and maintain mobile assets? Hospitals often face numerous challenges such as hundreds of hours spent searching for equipment, high-value assets being lost, stolen, or misplaced, poor utilization, unnecessary rentals and purchases, and delays as caregivers wait for the equipment that patients need.

Manual asset management costs hospitals time and money. It can affect patient care and impact staff morale too. Hospitals need an automated, facility-wide solution to transform mobile asset management.


Make it easy for caregivers to find what they need

Penguin’s Asset Management solution automates manual processes for managing capital and rental equipment—so staff can easily see the location and status of assets in real time. After being secured to assets, tags communicate wirelessly with our RTLS platform for automatic logging and monitoring of location and status.

Real-time alerts provide notifications for any status or location change, such as IV pump replenishment requirements, shrinkage alerts, or maintenance needs. Organizations can then transform asset data into powerful reporting to yield a better understanding of inventory levels, PAR Level performance, and asset utilization.

Caregiver accessing Penguin’s Asset Management Solution

How It Works

Why Penguin for Asset Management?

  • One source for a complete solution: Penguin offers a comprehensive solution for healthcare asset management, combining advanced technology and user-friendly interfaces.
  • One solution with endless possibilities and coverage: From tracking medical equipment to ensuring hospital efficiency, Penguin’s solution provides robust coverage for all asset management needs.
  • Cost-effective options: With Penguin, hospitals can implement a cost-effective asset management system that significantly reduces unnecessary expenses and improves overall operational efficiency.

Incorporating Penguin’s Asset Management system into hospital operations not only enhances the efficiency of hospital asset tracking but also ensures that healthcare providers can focus more on patient care rather than searching for equipment. Effective healthcare asset management is key to improving hospital efficiency and providing better care to patients.

Enhancing Hospital Efficiency

Effective hospital asset tracking is more than just knowing where equipment is located; it’s about improving the entire workflow. By minimizing the time spent searching for equipment, hospitals can reduce delays in patient care and ensure that critical devices are always available when needed. This leads to a more streamlined process, allowing healthcare providers to operate more efficiently and focus on delivering high-quality care to patients.

Reducing Costs and Increasing Utilization

With Penguin’s comprehensive asset management system, hospitals can significantly reduce costs associated with lost or misplaced equipment. By ensuring that all assets are accounted for and properly utilized, hospitals can avoid unnecessary purchases and rentals. This not only saves money but also optimizes the use of existing resources, ensuring that high-value assets are used to their fullest potential.

Proactive Maintenance and Management

Penguin’s real-time alerts and monitoring capabilities also allow for proactive maintenance and management of medical equipment. By receiving notifications about maintenance needs or potential issues before they become critical, hospitals can maintain their equipment in optimal condition, preventing breakdowns and ensuring that all devices are ready for use at any time.

Empowering Healthcare Providers

By automating and streamlining the asset management process, Penguin empowers healthcare providers to work more effectively. With quick access to necessary equipment, caregivers can respond to patient needs promptly, enhancing the overall patient experience and satisfaction. This not only improves patient outcomes but also boosts staff morale, as they can perform their duties without unnecessary stress and interruptions.

In conclusion, implementing Penguin’s Asset Management system in hospitals offers a multifaceted approach to improving healthcare operations. From enhancing hospital efficiency and reducing costs to empowering healthcare providers and improving patient care, effective healthcare asset management is a critical component of a well-functioning healthcare facility. Embrace Penguin’s advanced technology and comprehensive solutions to transform your hospital’s asset management practices and deliver the highest standard of care to your patients.