Jump Technologies, X3 Consulting Group announce partnership to streamline supply chain process and mitigate risk for hospitals


March 26, 2019

A new strategic alliance between Jump Technologies and X3 Consulting Group (X3) has the potential to capture missed hospital revenues from OR (operating rooms) and procedure suites, improve patient care, and make for happy nurses. Through a unique arrangement, Jump Technologies, a leading hospital supply chain solutions provider, will work with X3, experts in perioperative and supply chain optimization, to offer hospitals a shared-risk model when implementing the JumpStock hospital supply chain solution and its related modules.


“Nursing and supply chain staff are essential to the success of any hospital. Through our alliance with X3, we address key pain points for hospitals and health systems across the country,” said John Freund, CEO of Jump Technologies. “By automating the tracking of everything from general med-surg supplies to implants, and delivering reports that bring visibility to supply utilization by all physicians and all areas of a hospital, we make it possible for nurses to reduce clinical admin time by up to 50 percent and spend more time with patients, while improving charge capture and increasing revenue for the organization.”


Through this arrangement, consultants from X3 will work with Jump Technologies to assess the needs of individual hospitals and healthcare systems to optimize the implementation of JumpStock modules in their facilities. JumpStock integrates with any ERP, EMR or scheduling system and includes the following modules: 

  • JumpStock – Easy-to-use inventory management system that tracks supplies from the loading dock to the patient.
  • JumpStock Procedural Module – Simplified tracking and analysis of all physician preference items used in surgical procedures.
  • Simplify OR – Automates documentation of anything related to implants in the OR.


“This arrangement is a win-win for hospitals. With X3’s experience and seamless process, coupled with the inventory management solutions from Jump Technologies, hospitals will be able to identify and implement a gamechanger without disrupting staff workflows or the patient experience” said Todd Fuhr, managing partner and founder, X3 Consulting Group. “We supplement hospital staff, design and implement a tailored approach, and ensure the long-term sustainability of the solution. Our model is to assess, design, implement and sustain, which is how we maximize cost reductions and savings efforts.”


According to Fuhr, the length of the engagement will vary based on the assessment by X3, which will assume the cost of the JumpStock solution for the duration of their engagement with the hospital, which will minimize the financial risk of implementing new technology solutions.


Happy nurses, better outcomes

According to the two companies, the strategic assessment and implementation of JumpStock will help healthcare systems improve nurse satisfaction and increase revenue by:

  • Minimizing lost charge capture due to inconsistent tracking of supplies used in procedure suites and ORs. Accurately and consistently tracking supply utilization by physician and procedure.
  • Automating documentation of implantable devices.
  • Improving workflows and redirecting labor costs.
  • Increasing clinician satisfaction.
  • Improving monitoring of case-cost controls and maximizing reimbursement opportunities.


And when nurses are happy and working more efficiently, care delivery is enhanced. More specifically, the alliance will:

  • Increase interactions between patients and clinicians.
  • Reduce the risk of infections and readmissions because nurses are spending more time on follow-up with patients.
  • Increase billing accuracy and clarity for patients.
  • Create potential cost savings for patients by reducing the risk of complications and enabling a smooth recovery.
  • Improve the overall patient experience and satisfaction.


To learn more about this strategic alliance, contact  sales@jumptech.com.  


For more information:

Barbara Tabor, APR / 651.230.9192 /  barbara@taborpr.com


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About Jump Technologies

Jump Technologies creates modern solutions for supply chain and inventory management that help hospitals and health systems track supplies from the loading dock to the patient. The company’s JumpStock solution reduces stock-outs, over-ordering, and waste while increasing inventory turns, improving billing accuracy, and facilitating data-driven decision making across a facility or system. To learn more, visit www.jumptech.com or call (888) 373-7226. Follow Jump Technologies on LinkedIn and Twitter @JumpTechNews.


About X3 Consulting Group

Based in Grand Rapids, MI, X3 Consulting Group was founded in 2018 by the former founding partner of Auditrax and co-founder of Finix who collectively bring more than 25 years of experience in supply chain and perioperative consulting. The company currently works with hospitals across the country to optimize processes and systems across their facilities by streamlining products to the point of use in a safe and economical way. X3 helps hospitals maximize their investment in current legacy systems to avoid wasting millions of dollars in unnecessary technology costs. To learn more, visit www.x3cg.com.


Jump Technologies announces exclusive marketing agreement with Simplify OR


March 14, 2019

Jump Technologies, a leading hospital supply chain solutions provider, announced today that it has signed an exclusive marketing agreement to sell Simplify OR along with its JumpStock inventory management software platform. The arrangement will give hospitals and health systems access to one-click-and-done clinical and supply chain documentation for implantable devices, which will reduce the amount of time nurses spend on paperwork and open up new revenue for hospitals.


Headquartered in Eagan, MN, Jump Technologies delivers a cloud-based hospital supply chain software solution called JumpStock that integrates with any enterprise resource planning (ERP) system and/or electronic medical record (EMR) system to help hospitals increase revenues through improved charge capture in procedural areas, and save money by providing actionable analytics that drive a new level of standardization in clinical and operational best practices. The new agreement gives Jump Technologies exclusive rights to market and sell the SmartApp by Simplify OR, an application that automates the clinical and supply chain documentation of implantable devices – such as total joint replacements – in operating rooms (OR) and procedure suites, two areas that are primary cost drivers for hospitals.


Nurses today spend as much as 50 percent of their time documenting cases, chasing down purchase orders for trunk stock, working with purchasing and contracting to ensure patient case information is flowing properly, and more. This work takes away from their core mission of patient care. The impact on patient safety comes in the form of increased infection rates, longer hospital stays, and increased readmissions, all of which can decrease hospital reimbursements and negatively impact the bottom line.  Combine that with the fact that as much as 30 percent of charge capture in the OR suite is missed, which decreases hospital revenue, and it becomes clear that nursing labor allocation has become a significant problem.


“Life-changing procedures, such as joint replacements, generate a lot of paperwork for nurses and other clinicians,” said John Freund, CEO of Jump Technologies. “By offering Simplify OR alongside the JumpStock solution, nurses can document the use of implants with one click and ensure that surgical charges are captured accurately and consistently. This will increase revenue for hospitals and keep nurses happy by allowing them to focus on patient care.”


According to Jim Ferch, co-founder of Simplify OR, the application was developed based on feedback from nurses who were tired of the manual process related to billing for implantable devices (which often come to hospitals through trunk stock or consignment stock) and who were witness to the lost revenue and inaccuracy of this process.


“Nurses lose three hours of every 12-hour shift to paperwork, hunting for supplies, and other tasks that do not directly influence patient care,” said Ferch. “The SmartApp addresses this problem by automating all implant documentation with one click. The app is compliant with hospital contracting and industry regulations related to unique device identification and GS1 standards, and it delivers data that helps clinicians meet changing hospital performance metrics.”


How JumpStock works with Simplify OR

JumpStock integrates seamlessly with any hospital ERP/EMR system, which means it supports existing clinical workflows. The platform delivers reports that help nurses and supply chain professionals make informed decisions about supply utilization throughout their facilities – including high-cost areas like operating and procedure rooms.


Simplify OR will be offered along with the JumpStock solution, allowing nurses or manufacturers reps to simply scan or key products that these representatives bring into the OR suite into the SmartApp. Once approved by the circulating nurse, immediately after an implant case, the SmartApp updates the hospital charge master, item master, patient billing and patient charting, and also generates a purchase order in the hospital’s ERP. This process makes it possible for vendors to receive payment for products and for hospitals to accurately apply charges to patient cases for reimbursement and payment by health insurance.


By offering Simplify OR in partnership with the JumpStock platform, Jump Technologies will help hospitals:

  • Accurately document all implants used,
  • Maintain a current charge master and item master,
  • Maintain consistency between supply chain and clinical data,
  • Ensure alignment between pricing on the hospital item master and vendor contracts,
  • More accurately capture all patient charges, and
  • Align hospital workflows with EHR or EMR goals.


To learn more about Jump Technologies or Simplify OR, visit www.jumptech.com.


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About Jump Technologies

Jump Technologies creates modern solutions for supply chain and inventory management that help hospitals and health systems track supplies from the loading dock to the patient. The company’s JumpStock solution reduces stock-outs, over-ordering, and waste while increasing inventory turns, improving billing accuracy, and facilitating data-driven decision making across a facility or system. To learn more, visit www.jumptech.com or call (888) 373-7226. Follow Jump Technologies on LinkedIn and Twitter @JumpTechNews.


About Simplify OR

Based in Cupertino, CA, Simplify OR was founded in 2016 by four hospital technology and supply chain professionals who believed there was a better way to track the utilization of implantable devices in a hospital operating or procedure room. Simplify OR offers three device tracking options: the SmartApp, Smart WebApp, and Smart Integration. The SmartApp can be used on any iOS operating system while the Smart WebApp offers hospitals a web-based solution.

Jump Technologies receives $2M in follow-on Series B funding, bringing total round to $5.5M


November 19, 2018

Jump Technologies, a leading hospital supply chain solutions provider, announced today it has closed a $2 million follow-on investment round, which will be used to expand the company’s national sales efforts and support broader product development.


Headquartered in Eagan, MN, Jump Technologies delivers a cloud-based hospital supply chain software solution called JumpStock, which integrates with any ERP system to help hospitals save money and improve clinical outcomes by providing actionable analytics that drive a new level of standardization of clinical and operational best practices.


This latest round of investment into Jump Technologies was led by Black Granite Capital and includes new strategic investor Mount Sinai Ventures and reinvestment by two large investors.


“Additional investment capital helps us expand our footprint more quickly to hospitals and health systems across the country,” said John Freund, CEO, Jump Technologies. “Hospitals invest in cutting-edge technology to treat patients, but when it comes to inventory management, some facilities still rely on individuals counting materials in store rooms every day. We’re improving this dramatically with our powerful automation and data analytics and simple user interface. By delivering actionable analytics that are visible to all areas of the hospital, we can positively impact the supply room, patient care, and an organization’s bottom line.”


JumpStock integrates seamlessly into clinical workflows and delivers reports that help clinicians and supply chain professionals make informed decisions about supply utilization throughout their facilities – including high-cost areas like operating and procedure rooms. With JumpStock, hospitals can more easily standardize utilization of supplies, which allows them to save money and reallocate funds to clinical resources and technology that improve patient care and generate new revenue. JumpStock also ensures that clinicians have the right supplies when and where they are needed so as not to slow down surgeries and other clinical therapies. For example, Jump Technologies’ customers, such as the Mount Sinai Health System, have been able to reduce stock-outs, which helps clinical practice, while increasing inventory turns, which improves the hospital’s bottom line.


“Health Systems need to drive innovation in business practices and technologies, not only in clinical care or practice,” said Les Grant, Corporate Director of Materials Management for Mount Sinai Health System. “Our partnership with Jump Technologies has enabled the development of a best-in-class inventory management solution that reflects the unique needs of our system and brings increased efficiency and support to our world-class clinical teams and the patients we serve.”


To learn more about Jump Technologies, visit https://www.jumptech.com/product/.


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About Jump Technologies

Jump Technologies creates modern solutions for supply chain and inventory management that help hospitals and health systems track supplies from the loading dock to the patient. The company’s JumpStock solution reduces stock-outs, over-ordering, and waste while increasing inventory turns, improving billing accuracy, and facilitating data-driven decision making across a facility or system. To learn more, visit http://www.jumptech.com or call (888) 373-7226. Follow Jump Technologies on LinkedIn and Twitter @JumpTechNews.


About Mount Sinai Ventures

Mount Sinai Ventures was established by the Mount Sinai Health System in 2008 as part of its commitment to defining the future of health care. Mount Sinai Ventures leverages the talent and expertise across the Mount Sinai Health System by investing in innovative businesses that are poised to improve quality, drive down cost, and expand access to healthcare services. The portfolio includes over 20 companies, including Epicured, Gauss, Jump Technologies, Accuity, urgent care centers, and ambulatory surgery centers.  To learn more, visit www.mountsinai.org/about-us/mshcv/


About the Mount Sinai Health System

The Mount Sinai Health System is New York City’s largest integrated delivery system encompassing seven hospital campuses, a leading medical school, and a vast network of ambulatory practices throughout the greater New York region. Mount Sinai’s vision is to provide the safest care, the highest quality, the highest satisfaction, the best access and the best value of any health system in the nation. The System includes approximately 7,100 primary and specialty care physicians; 10 joint-venture ambulatory surgery centers; more than 140 ambulatory practices throughout the five boroughs of New York City, Westchester, Long Island, and Florida; and 31 affiliated community health centers. Physicians are affiliated with the renowned Icahn School of Medicine at Mount Sinai, which is ranked among the highest in the nation in National Institutes of Health funding per investigator. The Mount Sinai Hospital is ranked No. 18 on U.S. News & World Report’s “Honor Roll” of top U.S. hospitals; it is one of the nation’s top 20 hospitals in Cardiology/Heart Surgery, Diabetes/Endocrinology, Gastroenterology/GI Surgery, Geriatrics, Nephrology, and Neurology/Neurosurgery, and in the top 50 in four other specialties in the 2017-2018 “Best Hospitals” issue. Mount Sinai’s Kravis Children’s Hospital also is ranked in six out of ten pediatric specialties by U.S. News & World Report. The New York Eye and Ear Infirmary of Mount Sinai is ranked 12th nationally for Ophthalmology and 50th for Ear, Nose, and Throat, while Mount Sinai Beth Israel, Mount Sinai St. Luke’s and Mount Sinai West are ranked regionally. For more information, visit http://www.mountsinai.org, or find Mount Sinai on Facebook, Twitter and YouTube.

Texas Hospital Association partners with Jump Technologies to help hospitals and health systems improve inventory management


July 24, 2018

Jump Technologies, a leading provider of supply chain solutions for hospitals and health care systems, announced today its endorsement by the Texas Hospital Association as a partner to help Texas hospitals save money and enhance patient care. The Jump Technologies platform helps hospitals improve utilization of supplies and bring visibility to the supply chain – from the loading dock to the point of patient care.

Supply chain management is an area that, if improved, can drive significant financial value for independent hospitals and health systems year over year. According to several studies, the U.S. health care system loses billions annually in supplies and equipment due to inefficient inventory management, inability to track supplies to patient billing, and expired materials.


JumpStock from Jump Technologies is a secure, cloud-based platform that allows hospitals to track and manage inventory, creating a common data set that bridges the data divide between clinicians and supply chain professionals. As a result, JumpStock reduces stock outs, inventory hoarding, and product expiration – all of which contribute to lost revenue and unnecessary spending.


“Jump Technologies offers our member hospitals an updated and improved approach to supply chain management – one that solves many of the current pain points like siloed information or difficulty coordinating between systems,” said Ted Shaw, THA president/CEO. “Jump Technologies is an exciting addition to our list of endorsed partners, and I’m confident they will help Texas hospitals generate improvements that reach far beyond the supply room.”


By reducing waste and capturing billing that is often not adequately tracked, JumpStock allows hospitals to free up money that can be redirected to areas that directly impact patient care and satisfaction

“Taking control of inventory management doesn’t have to be complicated, but some hospitals continue to rely on outdated processes or enterprise resource planning systems that are not designed to track supplies and integrate with billing systems,” said John Freund, co-founder and CEO of Jump Technologies. “We are excited and proud to be endorsed by the Texas Hospital Association and to bring JumpStock to hospitals and health systems across Texas.”


JumpStock complements a hospital’s existing ERP/EMR system and makes it easy to implement seamlessly into existing workflows in high-use, high-cost areas, such as operating and procedure rooms. Automated re-ordering processes allow hospitals to confidently reduce their levels of on-hand inventory while accurately tracking supplies from the time they arrive at the loading dock to the moment they reach a patient.


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About Jump Technologies

Jump Technologies creates supply chain solutions for health systems and independent hospitals and surgical centers. The JumpStock solution from Jump Technologies reduces stock-outs, inventory hoarding, and billing inaccuracies, while supporting data-driven decision making and utilization forecasting. For more information, visit http://www.jumptech.com or call (888) 373-7226. Follow Jump Technologies on LinkedIn and Twitter @JumpTechNews.


About THA Founded in 1930, the Texas Hospital Association is the leadership organization and principal advocate for the state’s hospitals and health care systems. Based in Austin, THA enhances its members’ abilities to improve accessibility, quality and cost-effectiveness of health care for all Texans. One of the largest hospital associations in the country, THA represents 452 of the state’s non-federal general and specialty hospitals and health care systems, which employ some 369,000 health care professionals statewide. Learn more about THA at www.tha.org or follow THA on Twitter at http://twitter.com/texashospitals.