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Health-Care RTLS ROI Calculator
RFID Journal and McMaster University's RFID Applications Lab have created an interactive tool based on the results of real-world RFID deployments, enabling health-care providers to estimate the benefits they can achieve from tracking mobile medical equipment using real-time location systems based on radio frequency identification technologies.
Apr 23, 2011—Learn how to assess your potential return on investment (ROI) from employing an RFID-based real-time location system (RTLS). This interactive spreadsheet comes with supporting notes that explain the assumptions in the calculator.
Published: April 2011
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Free with the purchase of RFID Journal's special report, "How to Choose the Right RFID System: A Step-by-Step Guide for Providers of Health Care." Add to the Report and ROI Calculator to Cart
The calculator enables health-care providers to enter information regarding the number of units of various types of mobile medical equipment that they would like to track, as well as their current estimated asset-utilization rate and data about the number of assets replaced and rented annually. The tool then applies assumptions based on information from hospitals that have already deployed an RTLS solution.
The calculator enables a hospital executive to estimate the potential annual savings in rental costs. as well as the capital expenditures of replacing equipment, that can be achieved by better managing assets and increasing their utilization rate.
"Hospitals around the world have been deploying RTLS solutions to improve the way they manage assets, and we now have a great deal of information about the financial benefits," says Mark Roberti, RFID Journal's founder and editor. "This calculator now gives hospital executives considering investing in an RTLS the ability to determine the likely benefit, based on the size of their hospital, the assets they own and the amount they spend to rent equipment annually."
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Purchase the "How to Choose the Right RFID System: A Step-by-Step Guide for Providers of Health Care" report and receive the ROI calculator for free. Add to Cart
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