The new system has resulted in an estimated $1.2 million in savings. Average ER-to-inpatient bed wait times have decreased from 16.2 hours to two, and the average wait time for "ASAP" equipment delivery is down from 202 minutes to 12.
For "routine" equipment, it's down from 184 minutes to 14. By the time the fourth hospital has been rolled out, Virtua will be making use of 9,000 patient tags and 11,500 of them for asset tracking. But those figures don't even begin to address the downstream improvements in patient care that can't immediately be categorized in a statement of ROI.
There's a lot of talk about "disruptive" technologies in healthcare these days, says CEO Miller.
"This has been disruptive in a good way. It's the best we've rolled out," he says. "When we give tours and we show visitors and patients these features, their eyes light up. We're sharing information at a much different level."