The startup offers an inventory management software that captures manufacturer data on medical supplies and capital inventory through a single scan, storing critical data points on a cloud-based platform. This technology enables healthcare facilities to track and manage inventory efficiently, reducing waste and freeing up resources by eliminating manual processes.
Funding
$3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Healthcare facilities often struggle with inefficient inventory management, leading to significant financial losses due to expired supplies, lack of visibility into vendor-managed inventory, and time-consuming manual processes. This can result in wasted resources, increased operational costs, and potential risks to patient safety.
Solution
SxanPro offers a patented mobile technology that leverages Unique Device Identification (UDI) to streamline healthcare inventory management and provide actionable insights for cost recovery and operational efficiency. By capturing complete and accurate device data with a single UDI barcode scan, SxanPro eliminates manual processes and provides real-time visibility into inventory data, including GTIN, lot numbers, and expiration dates. The platform's Inventory Health Dashboard translates supply data into point-in-time visualizations, enabling proactive control over on-hand inventory, staff accountability, and informed decision-making. SxanPro's Cost Recovery Dashboard identifies opportunities for inter-hospital transfers, optimized PAR levels, and better management of consignment items, maximizing resource utilization and minimizing waste.
Target Audience
SxanPro primarily serves hospitals, health systems, and other healthcare facilities seeking to optimize their inventory management processes, reduce costs, and improve patient safety.
Features
- Mobile UDI barcode scanning for rapid and accurate inventory data capture
- Inventory Health Dashboard for real-time visibility and management of inventory across multiple locations
- Cost Recovery Dashboard for identifying cost-saving opportunities through inter-hospital transfers and optimized PAR levels
- Automated monitoring and rotation of inventory, reducing the need for manual checks
- Integration with existing healthcare IT ecosystems without requiring extensive IT integration
- Actionable insights for informed financial decisions and optimized resource allocation
- Customizable alerts and notifications for expired or recalled inventory
- Reporting and analytics for tracking inventory trends and performance