JumpTech – Cut Cost

Hospital costs are rising while revenues continue to fall.

Hospitals are looking for any means to save money as quickly as possible. At Jump Technologies, we provide innovative solutions to help you drive savings within the first month of implementing our solutions. Here’s how we help you generate savings in as little as 30 days.

Schedule your free data analysis

Improve ROI by eliminating waste from preference cards.

Hospitals are literally throwing away money in every surgical case because items listed on the preference card are brought into a procedure, opened, and never used. Instead, they are thrown away at the end of the case. The resulting loss can be tens of thousands of dollars every month.

Virtual Pick List uses a patent-pending machine learning algorithm to study how your physicians use supplies in the procedures they perform. It then serves up an alternative pick list featuring suggestions of what to pick and not to pick – based on actual physician usage. This helps to avoid waste and unnecessary labor. It can be implemented in less than a week and generates savings the day you start using it.

Calculate what your savings could be.

Increase revenues by avoiding missed charges in OR suites.

Your OR suites can be a source of revenue, and a significant source of loss. For example, there are times when a nurse keys an item number into your EMR system incorrectly, giving them the impression the item they are trying to record doesn’t exist. In an effort to record the item, they then “free key” the information into the EMR. That item may not be found for months, depending on how often you audit your cases – if at all. If it’s a billable item, this can delay or prevent billing from happening at all. This represents a tremendous opportunity to increase revenue and to improve cash flow.

Our Clinical Analytics suite includes the OR Exceptions report, which identifies items that were used in a case, but not properly built in your item master and/or your charge data master. This report can be used to correct missed charges in back-end systems so you can process items for charging, improving your revenues and cash flow.

Determine what your revenue and cash flow improvement opportunities could be.

Increase cash on hand by reducing inventory.

A recent study showed that the days of inventory on hand in a hospital has increased from 32 to 47, as inventories were adjusted due to COVID. However, Jump Technologies’ data shows that 41% of inventory in a hospital goes unused in the course of a year. This cash that’s tied up in supply rooms, could be used elsewhere.

JumpStock gives you visibility into what you have in inventory, how much of it you have, how fast you are going through it, how much you have on order, and when you are expected to run out. This data can be used to help set appropriate PAR levels to ensure you have enough inventory to avoid a stock out, without overstocking and tying up cash.

See how much cash you could free up by reducing inventory in your hospital or health system.

Free up labor by automating supply chain workflows and reporting.

Hospitals are suffering from an extreme labor shortage, and they have had to learn how to do more with less. On average, a supply chain technician spends 25 minutes per PAR room every day, counting inventory. Improving these workflows can save precious time that can be allocated elsewhere in the hospital, while alleviating staff burden.

JumpStock supports a variety of workflows designed to save you time in PAR locations. In fact, customers typically spend 8 minutes in a PAR location when using JumpStock.

See how much time you could save if you spent just 8 minutes in each PAR location per day.

888-373-7226 • sales@jumptech.com

2600 Eagan Woods Dr., Suite 350, Eagan, MN 55121