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Inventory Management:
“The HI-IQ inventory management system has paid for itself by providing accurate tracking of expensive technology.

The system has allowed us to significantly reduce 'inventory on hand' with the resultant reduction in supply expense. We can customize trigger points to our needs and have virtually eliminated 'just in case' ordering.

The system has proven itself to our Materials Management department and we are currently making plans to interface it with our purchasing and billing systems”

G. Tim Wescott R.T.(R)
Manager, Invasive Imaging & CV Services
MidMichigan Medical Center - Midland
January 2006
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Inventory Management Inventory management in Interventional Radiology has always been a major issue that has influenced Radiologists’ ability to provide the highest quality care to their patients. The bottom line is that physicians need the right tool for the job.

Complicating matters is the ever changing horizon of specialized equipment. Supplies that are typically high cost and low volume present financial challenges to departments that need a full array of sizes and types of supplies. In contrast, it is sometimes impossible to keep high volume and low cost supplies on the shelf. The result… too much of what you don’t need and not enough of what you do need. Sound familiar?

HI-IQ’s inventory management module is an easy to use, self-sufficient software program that once set up, runs itself. It allows physicians, supervisors or managers to track what physicians are using versus what the department is buying. Too many departments focus on the latter without the ability to compare the former. Those running HI-IQ for inventory often note that it’s like having an entire FTE (full time employee) quietly monitoring inventory and recommending what should be ordered based only on what has been used.


This Case Study describes how Massachusetts General Hospital implemented HI-IQ to reduce their inventory investment. If your department is facing similar challenges, HI-IQ offers solutions including:

  • Encouraging Just-In-Time stocking habits
  • Lot number and expiration date tracking, by product class
  • On hand quantity management, for a single location or multiple locations
  • Integrated vendor-supplied barcode scanning capabilities
  • Automatic Purchase Order creation based on user-defined par levels

For a personalized consultation on how HI-IQ can meet your inventory challenges call (401) 765-7152, Option 1.

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