STOCK TITAN

Cardinal Health's WaveMark™ launches supply automation solution for clinical labs

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Cardinal Health has announced the launch of WaveMark™ Supply Management and Workflow Solutions for clinical labs across the U.S. This solution aims to automate inventory tracking, thereby easing workforce strain and improving operational efficiency. It enables faster test result delivery, crucial for timely diagnoses and treatments. WaveMark is designed to save staff time with automated alerts for inventory needs and product recalls. Currently, it is utilized in over 2,500 operating rooms in more than 300 hospitals. More details can be found on Cardinal Health's website.

Positive
  • WaveMark solution optimizes clinical lab processes through automation.
  • Users saved an average of 357 hours annually in just three months of implementation.
  • WaveMark is already in use in over 2,500 operating rooms across more than 300 hospitals.
  • Enhances patient safety by alerting users about recalled and expired products.
Negative
  • None.

DUBLIN, Ohio, Nov. 18, 2021 /PRNewswire/ -- Cardinal Health today announced its business, WaveMark™ Supply Management and Workflow Solutions, will now be available for implementation in clinical labs across the U.S.

"WaveMark is among the first in the industry to optimize clinical lab processes through cutting-edge automation," said Shawn McBride, vice president and general manager, WaveMark. "Timing matters in the lab: the faster test results are delivered from the lab, the faster a diagnosis can be made and treatment can begin. WaveMark's new clinical lab solution ensures the most experienced, skilled lab managers aren't unnecessarily spending time checking on inventory."

The role clinical labs play in the continuum of care is critical: 70% of medical decisions are made with direction from a lab result1. Even prior to the pandemic, however, the clinical lab workforce was strained due to both a retiring workforce within the lab and an aging population that increased testing demand2. COVID-19 testing needs added to that demand. WaveMark's supply automation capabilities help ease these staffing burdens by automating laborious, manual inventory-tracking tasks.

"WaveMark is the future of operational optimization in the lab and this solution is critical to the current workforce and supply chain challenges our healthcare industry is facing," McBride said. "We wrap a lot of services into our solution that help ease the burden on customers. WaveMark is easy to implement and sustain for optimal results – this includes an entire lifecycle of assessing workflows, tailoring our solution for deployment and providing ongoing implementation and support for sustained results."

With its scan, grab and go workflows, and automated, real-time insights, WaveMark alerts clinical lab staff of what to order and when to order it. Its search capabilities help quickly identify the location of products needed and lot numbers to ensure appropriate supplies are used first. Plus, it proactively alerts users about recalled, expired and at-risk products and supplies, ensuring patient safety and decreasing costs and waste. WaveMark also automates the flow of information by integrating with existing financial systems.

In a time-and-motion user study3, WaveMark users saved an average of nearly seven hours weekly for staff – 357 hours per year – in just the first three months of implementation.

"WaveMark's launch into clinical lab will not only create time savings for staff, but it will improve testing throughput and increase supply chain efficiency," said McBride. "This means lab staff can focus on what they're trained to do: deliver timely and accurate test results to patients."

Today, WaveMark is used in more than 2,500 operating rooms and procedural areas in more than 300 hospitals nationwide. To learn more about WaveMark's new clinical lab solution, go to cardinalhealth.com/WaveMarkClinicalLab.

About Cardinal Health 
Cardinal Health (NYSE: CAH) is a distributor of pharmaceuticals, a global manufacturer and distributor of medical and laboratory products, and a provider of performance and data solutions for health care facilities. With 50 years in business, operations in more than 35 countries and approximately 44,000 employees globally, Cardinal Health is essential to care. Information about Cardinal Health is available at cardinalhealth.com.

Contacts
Media: Cari Wildasinn, cari.wildasinn@cardinalhealth.com and (614) 757-8287
Investors: Kevin Moran, kevin.moran@cardinalhealth.com and (614) 757-7942

1 Centers for Disease Control & Prevention. November 15, 2018. Strengthening Clinical Laboratories
2 The American Society for Clinical Laboratory Science. Addressing the Clinical Laboratory Workforce Shortage
3 Data based on time and motion study led by third-party research firm, Kaleidoscope at White Memorial Hospital, Los Angeles. 2017.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/cardinal-healths-wavemark-launches-supply-automation-solution-for-clinical-labs-301427947.html

SOURCE Cardinal Health

FAQ

What is the WaveMark supply automation solution launched by Cardinal Health?

WaveMark is a supply management and workflow solution designed to automate inventory tracking in clinical labs.

How does WaveMark improve efficiency in clinical labs?

WaveMark automates labor-intensive tasks, allowing lab staff to save time and focus on delivering test results.

When was the WaveMark solution announced for clinical labs?

The WaveMark solution was announced on November 18, 2021.

What are the benefits of using WaveMark in clinical labs?

Benefits include time savings for staff, improved testing throughput, increased supply chain efficiency, and enhanced patient safety.

Where is WaveMark currently being implemented?

WaveMark is used in over 2,500 operating rooms and procedural areas in more than 300 hospitals nationwide.

Cardinal Health, Inc.

NYSE:CAH

CAH Rankings

CAH Latest News

CAH Stock Data

28.72B
241.37M
0.25%
89.55%
2.47%
Medical Distribution
Wholesale-drugs, Proprietaries & Druggists' Sundries
Link
United States of America
DUBLIN