Management Health Solutions, Inc. Leads the Way in Clinical Inventory Valuations

Management Health Solutions, Inc. (MHS), announced that it has valued over $1.5 billion worth of clinical supplies, becoming the clear leader in clinical inventory valuation. Having conducted thousands of "on-the-shelf" assessments, MHS has now amassed the most comprehensive reference data base in the industry, including more than 500,000 items, comprised of actual, active clinical items currently in-use within MHS client hospitals. This clean, structured content provides MHS leverage to support Inventory Management and Content Cleansing projects, quickly enabling clients to confidently analyze and optimize their clinical items and suppliers.

With a powerful combination of technology, processing and people, MHS has created a laser focus on optimizing the flow of clinical supplies to deliver huge savings to hospitals and health systems. Employing state-of-the-art technology ranging from hand-held data collection devices to bar code scanners that record usage, MHS recommends and helps implement automated approaches that improve operational efficiency and accuracy throughout the clinical supply chain.

Capitalizing on years of data cleansing and systems integration experience, MHS uniquely specializes in enabling hospitals to gain superior control over one of the largest and most sensitive expense areas, clinical supplies. In a typical hospital, 80% of the inventory value is tied up in the clinical areas. Yet it is often the hardest to trace and control because these high-end supplies are critical to important procedures in which doctors and nurses are very engaged and not managed by supply chain experts. MHS maps current processes and identifies break downs and opportunities to make seamless connections that yield not only savings but higher clinical staff satisfaction as a result of better accuracy and reliability.

MHS prides itself on bringing industry experts onto every assignment. Point-in-time inventories are conducted by specially-trained staff, experienced staff. Leaders at MHS have years of healthcare and data management experience bringing best practices and integration know-how to even the most complex situations.

"MHS has built software, systems and human expertise to help hospitals optimize the entire clinical supply process in order to realize meaningful and sustained savings," said Bill Zierolf, Chief Executive Officer of MHS. "Today there's more pressure than ever to cut costs without compromising the quality of patient care."