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Research Outline
Prepared for Scott H. | Delivered April 10, 2020
Hospital Inventory Software Products: Clients and COVID-19 Response
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Goals
To provide examples of clients of the hospital inventory and/or supply chain management software products like
E
v
a
l
u
s
and SpendVu. To also identify additional actions that these companies are taking to respond to COVID-19.
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Early Findings
E
v
a
l
u
s
Research indicates that
E
v
a
l
u
s
does not make its client list public. However, it is evident that professionals working in
equipment-intensive healthcare organizations
use the software to evaluate
m
e
d
t
e
c
h
products, equipment, and interventions.
The software is also used by healthcare providers who are willing to focus more on improving the quality of
patient care
and
reducing healthcare costs
.
The company has not made any public announcement regarding the actions it is planning to take to respond to
COVID-19
.
SpendVu
Sutter Health
, headquartered in Sacramento, is one of the clients of SpendVu.
S
u
t
t
e
r
Health provides coordinated care to more than
3 million Californians
through its well integrated network of
hospitals and care facilitie
s.
As far as Sutter Health’s collaboration with SpendVu is concerned, it uses the
value management system
(VMS) functionality of SpendVu’s software to bring transparency to all management levels of the Shutter Health system.
Bon Secours Health System
is another healthcare client of SpendVu’s software products.
B
o
n
S
e
c
o
u
r
s
is a US$3.2 billion
not-for-profit health system
that owns and manages 18 acute care, 5 long term care, 4 assisted living, 6 retirement communities/senior housing, 14 home care and hospice services, and other facilities, primarily on the East Coast.
B
o
n
S
e
c
o
u
r
s
also uses Spend Vu’s
VMS functionality
extensively.
Like
E
v
a
l
u
s
,
B
o
n
S
e
c
o
u
r
s
has also not made any
public announcement
regarding the actions it is planning to take to respond to COVID-19.
COVID-19 Response
During the current COVID-19 outbreak, as healthcare providers are increasingly seeking ways to better manage their inventories, companies like Jump Technologies is offering software solutions, such as
JumpStock
, to track how quickly
providers use supplies
, providing the end users with the data to back up the
supply chain staff's stocking decisions
.
Using
J
u
m
p
s
t
o
c
k
, Chesapeake Regional Healthcare has reduced its on-hand labor and
delivery supplies by 40%
.
The healthcare provider has also reduced its inventory in one
nursing unit by 64%
within a span of four months.
Another healthcare provider Spectrum Health is managing its supply chain
staff inventory
using simple and popular software solutions such as Microsoft Excel and
M
i
n
i
t
a
b
.
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