The Shared Benefits of Thio

Trust & Accuracy

Inventory inaccuracy has plagued healthcare for decades. Manual processes have long been proven ineffective, costly, or both. Without accuracy, confidence to automate is low and overstock, stockouts, waste, and shortages persist.

Thio achieves high accuracy through novel, passive sensing and simple, intuitive operations. Multiple sensors enable intelligence to adjust and self-correct, building confidence and trust. Users can ‘grab-and-go’, or ‘stock-and-go’, without counting or otherwise burdening workflow. The result is a win-win for pharmacy and nursing.

Lean Inventory

All healthcare workers share a ‘healthy fear’ of stockouts, or the inability to administer drugs when needed. Stories of backup inventory, backup cabinets, or ‘apocalyptic closets’ are well known tactics to ensure supply. While safety stock is certainly warranted, these practices are costly, ineffective, and lead to waste.

Thio monitors inventory levels and updates PAR levels and safety stock continuously. Service levels can be set to be very conservative, with minimum levels of safety stock. The real time visibility and automated notification services of Thio provide the reassurance to reduce inventory levels, often dramatically, yet still meet clinical needs.

Fast ROI

Healthcare always operates on the edge, trying to fulfill a challenging public health mission while remaining viable with funds to grow. As care decentralizes and drug costs escalate, drug inventory is consuming an increasing amount of working capital and carrying costs continue to rise. This squeeze is a strategic problem, which all health care systems have to face.

Thio nearly instantly creates a significant financial return, by ‘turning on the lights’ to drug inventory levels. Reducing inventory of just one of two expensive drugs can create a 10x return on investment, and pay for further automation and deployment of technology. A systematic rollout of Thio can save millions in capital and carrying costs. 

Intuitive Compliance

For techs, nurses, and other staff, the best way to drive compliance is to make it easier. Too often, complying with process requires extra, burdensome steps. Training and other change management tools are typically required, audits and checks must be employed, and in some cases workers have to be disciplined. The risk of non-compliance can be severe, including impacts to patient safety.

Thio makes compliance easier and intuitive, through common sense methods such as inherent organizing and feeding mechanisms, ensuring primary labels of drugs are visible, and printing simple labels. Making compliance easy facilitates adoption, acceptance, and effectiveness of our technology.