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Mhs Overview Sales011811
- 1. Executive Overview December 28th, 2010 Mobile Supply Chain Execution
- 2. MHS is revolutionizing the supply chain across the Healthcare Industry Management Health Solutions (“MHS”) is a premiere healthcare information technology organization that provides mobile supply We help hospitals save chain software modules, professional services, master data money and management and inventory valuation services to hospitals and improve healthcare systems nationwide. patient care by combining MHS delivers significant benefits to its customers services with technology to 15 ‐ 25% reduction in inventory levels optimize 2.5 ‐ 5% savings in supply spend supply chain 500% average Return on Investment operations. 30 to 40% savings in cost of conducting inventories & file management MHS Team Gain control of Physician Preference Items Increase hospital revenue automated charge pickup
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- 4. Executives across the industry are focused on supply chain savings Areas of concern in daily operations Clinical Inventories represent the majority of Inventory dollars STORE & OTHERS SPECIALS CATHLAB OR INVENTORY (65%)
- 5. MHS solutions benefit several stakeholders CFO/CEO/CXO RISK MANAGEMENT IT MANAGEMENT Increased control Reduced patient Integrated technology over supply risk from exposure solutions that connect expense to recalled /expired with legacy systems Ability to forecast supplies Reduce capital cost by procedure Better control over expense Detailed analytics risk management Consistent data flow of inventory and of supplies from POU system to asset value data Control over PPI legacy system CARE GIVERS SUPPLY CHAIN MANAGEMENT More dependable and have Reduced inventory levels and established more time for patient care appropriate par level to meet demands Confidence in the supply Consistently provide accurate data to chain system that right management supplies will be at the right Increase efficiencies for resource management place at the right time staff Reduced need for special Improved level of satisfaction for stakeholders orders Flexible modular deployment architecture
- 6. Total Supply Chain Solution Discover Conduct physical inventory and review internal processes Analyze historical and transactional data “The PAR leveling Quantify inventory reduction opportunity analysis tools Evaluate existing info system infrastructure developed by MHS allowed us to reduce Implement PAR levels while Mobile Supply Chain software solutions for clinical, warehouse and improving service. In distribution functions short, MHS provided Master data management program – aggregate, clean, enrich and the ability to turn maintain item masters our vision into a Monitor and optimize the flow of supplies, alerts & recalls, usage reality.” through mobile supply chain reporting George Malik VP, Material Optimize Management Implement streamlined supply chain process improvement practices Robert Wood Create visibility into inventory management through online portal Johnson University Leverage analytical reports to establish feedback loops Hospital MHS has demonstrated average Return on Investment of 500%
- 7. Many of our hospitals use our mobile supply chain software . modules to manage supply chain activities. The modular design of these software applications allows for seamless integration into legacy systems. By implementing our solutions customers are able to focus on providing enhanced patient safety and improved in‐hospital experiences, while increasing bottom‐lines.
- 8. Our software automates Warehouse inventory management processes Today’s Challenges Storage areas are redundant which leads to overstocking or stock outs Manual process leads to pick errors which affects patient care Workforce functions are disorganized and inefficient Management response is event oriented/firefighting RECEIVE STOCK ISSUE Automates PO and Non‐ PO Automates ad hoc inventory orders at point of receipt supply requests Capture Lot and Serial# at Tracks returned items and time of receiving update inventory real‐time Generate bar code labels PUT AWAY CYCLE COUNT Scanned product and locations Performs regular cycle counts insuring accuracy by physically reviewing Multiple users on a single putaway inventory using handhelds plan Ensures information is accurate before transmitting PICK to MMIS Tracks items picked Automates the cycle count Automates replenishment orders process to ensure accurate Custom shipping labels can be inventory data printed from handheld
- 9. Our handheld technology enables customers to automate the Distribution & replenishment process Today’s Challenges Inefficiencies in receiving and identifying non‐PO product Department POD confirmation and search is laborious and difficult Labor intensive receiving process is challenging to capture ID, PO, lot & serial number Manual product identification process creates errors and inefficiencies MMIS systems require a data input that creates redundant processes Patient care is at risk with expired items in clinical areas Liability increases with vendor‐managed consigned items RECEIVE DELIVER CART COUNT Automates PO and Delivers and tracks Automates counting Non‐ PO orders at picked, non‐stock and of items and point of receipt of non‐PO packages replenish supplies Records recipient Helps manage Par Able to capture Lot and information and capture locations based on Serial# at time of electronic signatures on schedule and receiving and generate handhelds allocation bar code labels Tracks delivery attempts Automates order Real‐time MMIS and print deliver replenishments integration receipts on mobile printers
- 10. Our Clinical software solution offers the ability to automate multiple supply management processes Today’s Challenges Postponing or canceling patient procedures due to incorrect inventory levels is costly Clinicians spend significant time (up to 25%) searching and gathering supplies The productivity of room turnover is impacted by supply availability, clinician time and process delays Product comes from multiple location with minimal inventory management alignment Little information to cross reference physician utilization and verify usage Correctly capturing consignment and sample product is inaccurate and manual Hospital functions of supply process and billings are complex due to disparate systems CASE CART RECEIVE Automated supply process for surgery Automates PO and Non‐ PO orders at point of Supports management of multiple product receipt of supplies categories Able to capture Lot and Serial# at time of receiving Integrates with existing MMIS, billing and surgical and generate bar code labels systems Real‐time MMIS integration Tracks usage patterns and provides analytical reports to create further efficiencies DELIVER POINT OF USE Delivers and tracks picked, non‐stock and non‐ Ensure precise inventory levels at point of use PO packages and ensures billing accuracy Records recipient information and capture Conduct physical inventory count with mobile electronic signatures on handhelds devices and track expiry of items Tracks delivery attempts and print deliver Define replenishment levels by type of items receipts on mobile printers Put away received items and track back ordered items
- 11. Professional Services Integrated with the supply chain delivers complete customized solutions “We found the INVENTORY VALUATION SERVICES MASTER DATA MANAGEMENT inventory process to Establishes accurate & auditable Cleans data master file & be very good this baseline inventory surgical preference cards year, reports were Standardizes physical inventory Standardizes data through delivered in a rapid and reporting process alignment & category timeframe, we were Eliminates excess, obsolete, management being updated recalled and expired products Extends management of regularly by the Has options of Capital, pharmacy item master & surgical MHS Team Lead & medical surgical inventories preference cards and we were kept in the loop on the entire inventory. We are recommending PROFESSIONAL SERVICES we always use MHS Provides further optimization of for the inventory” inventory value Nina Kizer Offers in‐depth assessment of the supply Material Manager process HMA Springhill Recommends efficient benchmarks for workforce management Establishes long‐term management and automation of supply chain
- 12. All our software applications and services are designed to provide Visibility and Intelligence Interactive Online Portal Displays usage reports by physician and by receiver Real Time Reporting Dashboard displays for low stock, expiry alerts, current Customized Data Views inventory valuation Ability to review, edit and approve patient charges Provides real‐time/batch uploads and downloads with wireless or cradle docking Ability to view products issued/returned and item transfers across locations Ability to view event timings and delivery performance Capable of generating employee productivity reports
- 13. MHS drives significant and measurable benefits for hospitals BENEFITS Improved patient experience by ensuring critical items are available on time, every time Enhanced patient safety by eliminating expiration and recalled products Free clinician time from writing down supplies 100% revenue capture with accurate tracking of items used for each patient Efficient management of supplier contracts – track rebates, optimize pricing through consolidation opportunities, understand dependencies Savings opportunities are identified through analysis of buying patterns and inventory stock position optimization OUR APPROACH A typical engagement involves a Discovery phase where we understand the current context and identify improvement areas. The Implementation phase involves preparing and managing existing data, integrating our technology solutions and training staff to use our solutions to automate inventory management. Our Optimization service offering is a consulting and implementation phase that uncovers additional opportunities by further streamlining and re‐engineering the supply chain across the hospital.
- 14. Management Health Solutions, Inc. Acquires AtPar Inc Partnership extends seamless mobile technology to MHS providers Management Health Solutions, Inc. (MHS) announced its acquisition of AtPar Inc., a leading developer of mobile supply chain software. The acquisition advances MHS’s clinical inventory management solution and is the organization’s next step in helping hospitals curb the rising cost of healthcare through innovative clinical materials management processes. A subsidiary of Management Health Solutions, Inc. (MHS), AtParInc. is a supply chain execution software company offering a suite of well‐integrated, feature‐rich supply chain execution applications on handhelds that deliver business benefits in a short duration while maintaining a low cost of purchase and maintenance. Management Health Solutions Acquires Hospital Inventories Specialists Combined Company Positioned as Leading Mobile Supply Chain Software and Inventory Management Solutions Provider to U.S. Hospitals Management Health Solutions has acquired Hospital Inventories Specialists (“HISI”), a leading provider of inventory management solutions and analytical services founded in 1982. With the acquisition, MHS will nearly double its customer base and market share, and offer clients a larger repertoire of analytical tools, additional benchmark data and deep healthcare domain expertise.
- 15. Management Health Solutions Inc. 501 Kings Highway East Fairfield, CT 06825 888.647.4621 info@mhsinc.com www.mhsinc.com