[December 08, 2004]

Frost & Sullivan Recognizes Mobile Aspects' Ground-breaking Supply Management Product

PALO ALTO, Calif. --(Business Wire)-- Dec. 8, 2004 -- Frost & Sullivan's recent study, U.S. RFID Markets for Healthcare, acknowledged Mobile Aspects' exceptional product innovation ability in developing the iRIS(TM) product solution. Mobile Aspects has exhibited a keen insight and understanding of healthcare's workflow processes, enabling them to develop and deploy a technology that substantially enhances supply management efforts within a healthcare facility. Through iRIS, hospital's can efficiently maximize resource optimization, minimize unwarranted cost, and further drive productivity.

iRIS provides hassle-free clinical workflow by enabling healthcare providers to instantaneously account for product usage, using a radio frequency identification (RFID) application within their respective departments.

This supply management solution helps nurses and physicians to place and remove items from a shelf with an automated, real-time documentation and assessment of type and volume of items handled, the time of handling, and the individuals who handled them.

"Furthermore, iRIS instantaneously bills patients per removed product, re-orders products below par quantity levels, and tracks expirations with notifying alerts for doctors and nurses," says Frost & Sullivan Industry Analyst Vivek Subramany. "Hospitals using iRIS can improve efficiency, which can lead to greater rates of reimbursed payment and increased capital appreciation for the facility at hand."

The 2004 Frost & Sullivan Award for Product Innovation is presented to Mobile Aspects for having exhibited a true comprehension of their healthcare clients needs via an innovative line of result and ROI driven products and technologies. The competitive advantages of the products, due to the revolutionary technologies used, will continue to open opportunities and set the company on a high growth trajectory in the market.

"The efficient management of supplies will continue to take precedence within the industry, as hospitals aim to eliminate their workflow inefficiencies and avoid liability, issues of error, and inconsistent healthcare delivery," notes Subramany. "As this continues, greater adoption and implementation of dynamic products such as iRIS can be anticipated within the clinical setting."

About Mobile Aspects

Mobile Aspects, based in Pittsburgh, Pennsylvania, provides innovative RFID solutions to enable hospitals to deliver a higher quality of care. The company's One System of CARE(TM) is an integrated suite of RFID software and hardware solutions to track all supplies, drugs, assets, and patients in hospitals to make patient care safer and more efficient.

The company's RFID tracking solutions feature the iRIS(TM) inventory management system, the RFID-enabled Anesthesia Workstation and Drug Delivery Workstation, and the Patient and Asset tracking systems. These systems integrate seamlessly into existing hospital information management systems and eliminate all manual compliance steps while providing real time data to clinicians. By integrating all patient and product information, the One System of CARE provides increased productivity, enhanced quality of care and safety for patients, and significant cost savings. From one web-based interface, providers can pull up information about all supplies, drugs, assets, and patients anywhere in the facility.

Mobile Aspects' One System of CARE is presently installed in several of the top 15 hospitals throughout North America. For more information, visit Mobile Aspects at www.mobileaspects.com.

About Frost & Sullivan

Frost & Sullivan, a global growth consulting company founded in 1961, partners with clients to create value through innovative growth strategies. The foundation of this partnership approach is our Growth Partnership Services platform, whereby we provide industry research, marketing strategies, consulting, and training to our clients to help grow their business. A key benefit that Frost & Sullivan brings to its clients is a global perspective on a broad range of industries, markets, technologies, econometrics, and demographics. With a client list that includes Global 1000 companies, emerging companies, as well as the investment community, Frost & Sullivan has evolved into one of the premier growth consulting companies in the world.

[ Back To TMCnet.com's Homepage ]

Discussions: