Genesis Automation in Healthcare has debuted a new Supplier Portal, focused on letting medical device manufacturers gain visibility.
Currently, the consignment model relies on inventory at a hospital or nursing home remaining the supplier’s responsibility until it is used or sold. Suppliers must know where the inventory is, maintain safe levels of non-expired equipment (without over-stocking), keep count of all inventory at every client site in order to accurately bill their clients, and quickly pull it from all inventory in case of a recall, Genesis explained.
The supplier portal uses SweepScan technology, which the company said can save manufacturers up to $15 million in staff time. It shows managers and reps the location of all stock, helps maintain appropriate inventory, alerts sales reps to expire stock, eliminates waste from low or unbilled equipment and tracks transfers.
“We’re returning to our roots,” says Noel O’Hanlon, founder and CEO of Genesis Automation. “The original business model for Genesis circa 2006 was supplier-based. We recognized managing consignment inventory was a significant problem. However, the market was not ready for a supplier-based consignment management solution, so we focused on managing consignment and other inventory on the hospital side.”
The company’s U.S. headquarters is in St. Petersburg, FL.
