TECSYS Expands Footprint in Hospitals With a Major Product for the Operating Room
Montreal, July 29, 2013—TECSYS Inc. (TSX: TCS), an industry-leading supply chain management software company, announced today the OR (Operating Room) Inventory Manager, TECSYS' innovative solution specifically designed for the perioperative supply chain environment. TECSYS' OR Inventory Manager optimizes the supply chain process, reduces costs and eliminates waste while capturing millions of dollars of expenses for billing and revenue recognition purposes.
"Operating rooms contribute more than 40% of the hospital's total expenses and 70% of revenue, making the OR supply chain very critical alongside patient care. With this level of optimization and cost reduction opportunity, we have expanded our footprint in hospitals and introduced TECSYS' OR Inventory Manager. It is a leap forward in supply chain management and the only complete supply chain solution that will transform the perioperative supply chain into service excellence for health systems," commented Peter Brereton, President & CEO of TECSYS.
According to the American Hospital Association (AHA), there are over 5,700 hospitals in the USA, each with a number of surgery centers. Furthermore, the CDC (Center for Disease Control & Prevention) reported that there were over 50 million procedures performed in 2010 in the United States. Both of these facts demonstrate the magnitude and importance of management of the supply chain in this environment.
TECSYS' OR Inventory Manager enables full visibility, tracking and control of inventory anywhere in the health system. It allows the hospital to reduce inventory levels and at the same time decreases the incidences of human error and eliminates labor-intensive manual processes. It also enables the management of recalls and the ability to analyze and plan the acquisition of supplies to replenish inventory items, including expensive medical devices on consignment from suppliers. Learn more about the OR Inventory Manager here.
TECSYS provides transformative supply chain solutions that equip our customers to succeed in a rapidly-changing omni-channel world. TECSYS solutions are built on a true enterprise supply chain platform, and include warehouse management, distribution and transportation management, as well as complete financial management and analytics. Customers running on TECSYS' Supply Chain Platform are confident knowing they can execute, day in and day out, regardless of business fluctuations or changes in technology, they can adapt and scale to any business needs or size, and they can expand and collaborate with customers, suppliers and partners as one borderless enterprise. From demand planning to demand fulfillment, TECSYS puts power into the hands of both front line workers and back office planners, and unshackles business leaders so they can see and manage their supply chains like never before.
TECSYS is the market leader in supply chain solutions for health systems and hospitals. Over 600 mid-size and Fortune 1000 customers trust their supply chains to TECSYS in the healthcare, service parts, third-party logistics, and general wholesale high-volume distribution industries. TECSYS' shares are listed on the Toronto Stock Exchange under the ticker symbol TCS.
Forward Looking Statements
The statements in this web site relating to matters that are not historical fact are forward looking statements that are based on management's beliefs and assumptions. Such statements are not guarantees of future performance and are subject to a number of uncertainties, including but not limited to future economic conditions, the markets that TECSYS Inc. serves, the actions of competitors, major new technological trends, and other factors beyond the control of TECSYS Inc., which could cause actual results to differ materially from such statements. More information about the risks and uncertainties associated with TECSYS Inc.'s business can be found in the MD&A section of the Company's annual report and annual information form for the fiscal year ended April 30th, 2015. These documents have been filed with the Canadian securities commissions and are available on this Web site and on SEDAR .
Copyright © TECSYS Inc. 2016. All names, trademarks, products, and services mentioned are registered or unregistered trademarks of their respective owners.