Presents

for Medical Products Manufacturers

VUEMED, Inc. December 2011. All rights reserved. 2008-2011

The Reality On The Ground

At most hospitals the cost of clinical supplies represents one of the largest budget items after labor costs. . .

thereby presenting an immediate opportunity for realizing rapid, substantial, and lasting savings

VUEMED, Inc. December 2011. All rights reserved. 2008-2011

Overlooked Issues & Their Consequences

Hospitals typical approaches to managing their inventory are inadequate and lead to multiple problems

Failed Inventory Management No reliable, real-time, on-hand inventory data No expiration tracking No accurate usage data Poor recall tracking No accurate records Poor par levels management

Major Consequences Wrong product mix and misaligned stocking levels Costly waste Incorrect orders placed Safety risk to patients Errors in patient charts and billing (risk of fraud) Excessive inventory and no individual item tracking
3

VUEMED, Inc. December 2011. All rights reserved. 2008-2011

The Blind Spot In Hospitals

Most Hospitals Only Track Perpetual Commodity Supplies and Document Select Implants

Share of products currently tracked by most hospitals

Share of products NOT tracked or accounted for by most hospitals

THE BLIND SPOT

VUEMED, Inc. December 2011. All rights reserved. 2008-2011

Potential Caused ProblemsSavings By The Blind Spot

The Blind Spot is a debilitating, costly, systemic, under-the-radar problem due to the lack of adequate inventory management Materials Management Products Are Received Clinical Departments

THE BLIND SPOT

Inability to track each individual stock item or physician preference item (PPI) from the moment it enters the hospital until it is used in a patient or removed from inventory. Inability to track items precisely with lot/serial number and expiration date, and to find their exact location within the hospital.

Products Are Used

Create PO

THE OPPORTUNITY
MMIS
Receive PO VUEMED, Inc. December 2011. All rights reserved. 2008-2011

Product Order

Clinical Documentation System

EMR

Billing

Potential Savings Broader Impact Of The Blind Spot

The Blind Spot consists of endemic issues plaguing the entire healthcare system
Waste Lost Revenue Billing Fraud Safety

Hospitals

Patient Records

Safety

InsurancePayer

Overbilled

THE BLIND SPOT

Patients

Medical Records Overbilled

Vendors

Waste

Lost Revenue

Risks

VUEMED, Inc. December 2011. All rights reserved. 2008-2011

Manufacturers Struggle with Inventory Tracking

Inventory mismanagement is partly blamed on manufacturers by hospitals and causes operational issues for most manufacturers

Zero or Spotty Inventory Management No on-hand inventory data No expiration tracking No accurate usage data Poor par levels management Poor recall tracking No mistake-free records Product mix misaligned with customer needs High level/costly waste Fulfillment issues, reactive sales efforts, slow to respond to change Contract issues w/consignment Risk to patient safety Discrepancies in sales figures

VUEMED, Inc. December 2011. All rights reserved. 2008-2011

Software as a Service VueTrack Provides Dependable Data Capture

Addressing the Blind Spot begins with accurate, complete, and efficient data capture at hospitals

d au Fr en ev Pr
Sat isfie dP hys

Accurate, Complete & Efficient Data Capture

icia n

u rod P act Ex

e sag ct U

n tio

Patient Safety
ds cor Re

Par Level-Based Purchasing

Lea n In

b elia R

t tien a le P

In

ue n ve Re d se a re c

Accurate Billing

Re du ce dC os ts

ven t

ory

VUEMED, Inc. December 2011. All rights reserved. 2008-2011

Potential Savings Illustration: Expiration Management

VueTrack enables hospitals and manufacturers to save money and avoid inventory waste through effective expiration management

Real example of a 4-procedure room Cath Lab with a large consignment program
Expiring Inventory 6 Months Ahead Total = $450,000
Owned 30%

Consigned 70%

Hospitals potential waste

Vendors potential waste

both hospitals and manufacturers stand to lose

VUEMED, Inc. December 2011. All rights reserved. 2008-2011 9

What Is VueTrack?
VueTrack is an innovative barcode scanning software and Web-based technology that tracks and manages clinical inventory

Three applications available to fit customers individual needs Mobile App Laptop/Desktop App iPad App

Works by scanning manufacturers barcodes right off product packages with standard barcode scanner provided by VUEMED No new cabinets/shelving; no RFID tags to code or affix; no barcodes to print Low start-up cost; simple to set up and train staff; easy to scale up
10

VUEMED, Inc. December 2011. All rights reserved. 2008-2011

VueTracks Equation For Success

Superior data capture software + Efficient Web-based data reporting = Successful inventory tracking and documentation

Powerful software for capturing all clinical inventory transactions using a standard barcode scanner and any PC in the hospital

VUEMED-hosted servers for storing and providing access to data. Centrallymanaged and continuously updated database of all products used

Access real-time, analytical reports within seconds from anywhere via the Web @
www.vuemed.com

VUEMED, Inc. December 2011. All rights reserved. 2008-2011

11

VueTracks Detailed Web-Based Reports

This screenshot of inventory by item shows the inventory broken down by SKU and illustrates VueTracks capabilities

Key inventory information corresponding to the search results is available as totals.

Details about each SKU are at the users fingertips. Easily customizable to include hospital or departmentspecific billing codes, reorder numbers, etc.
12

VUEMED, Inc. December 2011. All rights reserved. 2008-2011

VueTrack Empowers Manufacturers

VueTrack is like having a virtual inventory manager in each hospital reporting directly to you on your products 24/7

Primary Benefit for Manufacturers

Real-time accurate inventory information at your fingertips consignment vs. non-consignment daily product usage PO fulfillment aggregate data across departments and hospitals Know the exact composition of your inventory by product line by brand by SKU by lot number by $ value Get information on recent trends, market share information

Could your sales, marketing, and supply chain work be more effective with this information?
VUEMED, Inc. December 2011. All rights reserved. 2008-2011 13

VueTrack Empowers Sales

VueTracks data helps sales reps be more efficient, focused and proactive than the competition in addressing opportunities

Sell more products. Gain decisive advantage over competitors.

VUEMED, Inc. December 2011. All rights reserved. 2008-2011

14

Win-Win Software as a Service

Manufacturers and hospitals BOTH benefit from a better managed clinical inventory: greater transparency = stronger partnership

With VueTrack, manufacturers become a unique value-added service provider to hospitals and a true healthcare informatics player

Real-time, accurate inventory and product usage data Controlled waste Inventory closely meets physicians changing needs Higher velocity stock; leaner inventory Improved patient care and risk management Better records, fewer errors, increased revenue

VUEMED, Inc. December 2011. All rights reserved. 2008-2011

15

Why Wait?

Can you say No to

Real-time inventory data at your fingertips? Real-time inventory data at your fingertips? Significant additional revenue? Significant additional revenue? ...Superior sales performance? ...Superior sales performance? ...Improved patient safety? ...Improved patient safety? Huge cost savings? Huge cost savings?

Contact VUEMED today for a free consultation and assessment

info@vuemed.com info@vuemed.com 888.948.0999 888.948.0999 www.vuemed.com www.vuemed.com

VUEMED, Inc. December 2011. All rights reserved. 2008-2011

16