Jump Technologies Enhances Data Collection and Reporting Capabilities for JumpStock Inventory Management Solution to Improve Expiration Date Tracking Accuracy


Use the expiration date dashboard to easily track products that are at risk of expiring on the shelf.

The challenge for hospitals when trying to manage expiration dates has been the difficulty of recording this information in their inventory management systems. We have made it easier to register the necessary data, which allows management to prevent products from going out of date on the shelf.

Jump Technologies, a leading hospital supply chain analytics and solutions company, offers hospitals and healthcare systems a new tool to combat waste and avoid patient health risks caused by expired products. The company unveiled enhancements to its simple mobile scanning solution, which improve compliance for recording lot and serial numbers, as well as expiration dates for products used in hospitals. JumpStock’s enhanced scanning capabilities simplify the experience and workflow for hospital supply chain staff and nurses. These scanning capabilities are included in a new expiration tracking module, now available free of charge to all existing Jump Technologies customers. This module can also be purchased as a standalone solution by hospitals.

In addition to simplifying the scanning experience for hospital staff, the expiration tracking module captures data and turns it into actionable insights for hospitals as it is migrated to an expiration date dashboard in real-time, which is powered by analytics from JumpStock. This information helps hospital managers identify expired products long before they expire.

“Hospitals throw away an estimated $765 billion worth of usable medical supplies each year, and expired products are a big part of the problem, with 7-10% of items expiring on the shelves,” said John Freund, CEO of Jump Technologies. . “The challenge for hospitals when trying to manage expiration dates has been the difficulty of recording this information in their inventory management systems. We have focused on this user experience and have simplified the recording of necessary data, which allows management to prevent products from aging on the shelf.

Finding the right barcode to scan on a package can be a challenge that prevents hospitals from recording critical data. With JumpStock’s simple point-of-use scanning tool, hospital supply chain staff and nurses can scan all barcodes on product packaging and JumpStock will automatically determine which barcode is right for you. ‘between them is necessary to record the batch, serial number and expiration date. This eliminates the need for special labeling and simplifies the training process.

Once scanned, JumpStock sends out soon-to-expire product alerts via email and offers a dashboard showing the expiration status of items across the healthcare system. This allows supply chain managers to explore an individual PAR location in an individual hospital and see where staff need to take action to protect patients and avoid potential service disruptions by replacing these items or triggering a new order.

Expired supplies have a cost beyond dollars and cents. Using expired products with patients is a long-standing issue that has been exacerbated by the COVID-19 pandemic. Using expired products increases the risk of adverse patient outcomes while opening the door to hospital lawsuits.

Jump Technologies offers the expiration tracking module as a standalone solution or integrated with its inventory management platform JumpStock. To learn more about JumpStock and reporting capabilities for hospitals and healthcare systems, visit http://www.jumptech.com.


About Jump Technologies

Based in Eagan, MN, Jump Technologies creates safe, simple, and cost-effective solutions that help hospitals reduce stock-outs, over-orders, and waste, while increasing inventory turns and improving billing accuracy in institution or system. The Company’s JumpStock solution facilitates data-driven decision-making, which saves hospitals time, frees up money and improves nurse satisfaction with the supply chain. supply. To learn more, visit http://www.jumptech.com or call (888) 373-7226. Follow Jump Technologies on LinkedIn and Twitter @JumpTechNews.

Media contact: Barbara Tabor, APR / (651) 230-9192 / barbara@taborpr.com

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