Over 150 New York Auctions End Today - Bid Now
Over 1050 Total Lots Up For Auction at Two Locations - MA 04/30, NJ Cleansweep 05/02

Philips Announces New RFID Asset Tracking Solution

by Barbara Kram, Editor | November 20, 2006
Tiny tags keep tabs
on major assets
Andover, Mass. Royal Philips Electronics (NYSE: PHG, AEX: PHI) has announced that its Medical Systems division is introducing the Philips asset tracking solution, a turn-key solution used for locating hospital assets and improving efficiencies. Using Wi-Fi based technology by AeroScout Inc., the asset tracking solution is designed around the hospitals existing 802.11 wireless infrastructure, allowing hospitals to leverage investments they have already made in their wireless technology.

The Philips asset tracking solution is designed around each hospitals specific use cases to help solve problems such as productivity, regulation requirements, utilization, theft, and loss. With an understanding of the unique requirements that the healthcare environment demands, Philips has an advanced solution that can enable hospitals to make facility-wide improvement. The Philips asset tracking solution utilizes technology that includes wireless tags, a location engine, and the MobileView user interface. The tags, which can be attached to most mobile assets, transmit to the hospitals existing 802.11 infrastructure. This information is fed into the location engine and the assets position can then be portrayed on a map, or in a table or report format for any networked hospital user.

Asset tracking addresses many of the perennial problems that modern hospitals face, said Yuval Bar-Gil, CEO of AeroScout. This solution will enable Philips customers to optimize their asset utilization, meet JCAHO compliance requirements, and help to improve hospital efficiencies.

The first customer to deploy the Philips asset tracking solution is the University Medical Center (UMC) in Tucson, Ariz. This installation is one of the healthcare industrys largest Wi-Fi-based asset tracking projects, covering eight floors and a million square feet with 2,300 tagged assets in use throughout the hospital. Hospital staff members use the Philips solution to track and manage equipment such as infusion pumps, beds, monitors, wheelchairs and other portable devices.

While it is an obvious benefit to staff who spend numerous hours searching for equipment, Philips asset tracking solution is so much more than finding equipment, said Tom Kirkland vice president, customer services, for Philips Medical Systems. With the information that is gathered through the asset tracking solution, asset utilization, work flow efficiencies, and staff productivity can be improved.

Asset tracking allows users to maximize the resources they have and to make smarter decisions about what they need going forward. Visibility of location and awareness of building trend history over time means both staff satisfaction in the short term and staff efficiencies in the long term said Kirkland.