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New research shows RFID key to leaner hospital supply chain

from Healthcare IT News

University of Cincinnati analysis of hospital supply chains — medicines, materials, devices and office supplies — reveals that the use of RFID technology can help hospitals cut as much as 18 percent in labor costs associated with resupplying. The research, to be presented June 22 at the Institute for Operations Research and Management Science Healthcare Conference in Montreal, has implications for affecting many significant costs associated with hospital supplies. On average, supplies and inventory account for 30 to 40 percent of an average hospital's budget, according to the research. more

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