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RFID Lab Inventory System Saves $465K in First Year – June 1, 2015

By automating inventory management, lab freed staff for other duties and reduced errors

CEO SUMMARY: Seeking ways to automate every aspect of work flow, the clinical laboratory at St. Francis Health System in Tulsa, Oklahoma, implemented a unique automated laboratory inventory management system that utilizes RFID. In the first four months, the system helped the hospital cut the value of inventory on hand by $296,000. Another direct cost savings was a 75% reduction in …

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