Jump Technologies, Inc. Joins the GNYHA Services Purchasing Portfolio
Eagan, MN – June 3, 2015 – Jump Technologies, Inc., an innovative software company that provides cloud-based mobile solutions for inventory and order management in hospitals, announced today that it has signed an agreement to make its JumpStock™ inventory management and JumpCart™ order management solutions available to members of the GNYHA Services Group Purchasing Program.
Jump Technologies offers cloud-based mobile solutions to improve inventory and order management in hospitals and healthcare organizations. JumpTech solutions are designed to help eliminate the stock-outs that lead to inventory hoarding, maverick spending, procedure cancellations or rescheduling, and waste. These solutions are fast and easy to implement and aim to eliminate hardware investments, reduce start-up and ongoing costs, reduce staff training time, and integrate with current materials management and ERP systems.
JumpStock inventory management is an affordable solution that helps provide better visibility to supplies throughout a healthcare system. While eliminating stock-outs, reducing overstocking and over-spending, JumpStock enables easy and automated recording of all supply transactions. JumpStock is designed to ensure accurate reporting of supply velocity and drives informed stock-level decisions, which can lead to better supply planning and management. Additionally, JumpStock has been shown to greatly increase nursing satisfaction with supply management.
For facilities looking for a streamlined procurement platform,JumpCart reduces ordering time on items by as much as 60% and dramatically decreases inventory purchasing errors. Staff members are equipped with a mobile scanner to simply scan items being ordered. Data is stored in the cloud, and employees can place orders for products in one click. JumpCart allows organizations to create custom catalogs and order guides that are fully barcoded and helps control maverick spending by delivering internal catalogs of items that staff members can order, making the order process fast and accurate.
GNYHA Services members will have access to JumpTech’s cloud-based inventory and order management solutions at preferred pricing to:
- Reduce stock-outs
- Reduce inventory by 20% through elimination of inventory hoarding
- Eliminate maverick spending, which adds an average of 7% to the cost of inventory
- Eliminate waste due to overstocked products that expire
- Reduce overtime expenses by cutting labor associated with managing inventory
- Create actionable reports that illuminate key inventory data points and provide recommendations on how to take advantage of what the data suggests, resulting in lower inventory carrying costs
- Ensure compliance with the inventory process by supporting workflows leveraging PAR, 2Bin™ cycle counting, or limited access systems
- Increase nursing satisfaction by enabling less time spent recording inventory transactions, more time with patients
- Reduce time spent ordering items up to 60%
“Provider organizations are looking for ways to improve business processes while reducing costs,” said John Freund, CEO, Jump Technologies. “In this healthcare economy, with supply chain costs on track to overtake labor as the highest expense in a hospital, health systems have opportunities to reduce costs with new technology. By moving inventory and order management into the cloud, hospitals can expand beyond the reach of legacy ERP systems, making great improvements without having to make enormous investments in hardware.”
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About Jump Technologies, Inc.
JumpTech is the first provider of cloud-based inventory management solutions for hospitals and healthcare organizations that are easy to implement, adopt and manage, using mobile devices such as tablets and smart phones. Eliminating extensive investments in hardware, implementation time and training, solutions from JumpTech are guaranteed to deliver immediate return on investment. Easy-to-use interfaces and accurate, timely reports help drive compliance, reduce training, save hard dollars and reduce labor. For more information, visitwww.jumptech.comor call (888) 373-7226. Follow the company on LinkedIn, Twitter @JumpTechNews and on Google+ at google.com/+JumptechInc.