Utilization data is a critical resource to help make informed decisions. It helps to reveal standardization opportunities, which is key to saving money.
Consider procedural packs – a single pack can contain 30-60 products, which can present an overwhelming challenge to standardize the contents of the pack without the utilization data.
Utilization data allows you to gain clinical support through objective, fact-based evidence which is essential for a smooth implementation. Additionally, this data allows you to set inventory levels based on utilization which helps you right-size your inventory levels to lower carrying costs and avoid product expiration. Having a clear understanding of your inventory can help clinicians provide the best quality of care to the patient while keeping costs downs.
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