New Feature Elevates Hospital Inventory Control with Market Exclusive Inter-Hospital Value Transfers

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Grand Rapids, MI (August 08, 2024) – SxanPro, a leader in healthcare inventory optimization solutions, today announced the launch of XCHG, an advanced dashboard designed to automate inventory control recommendations and deliver hospitals unparalleled cost recovery insights. As the only solution on the market offering inter-hospital value transfer recommendations within hospital networks, XCHG is set to elevate how medical device inventory is managed across hospital systems, optimize inventory usage, and enhance operational performance in healthcare facilities.

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XCHG uses customizable algorithms to analyze inventory data, collected from the UDI using SxanPro's mobile technology, to identify items that can be transferred, sold, or repurposed. This unique capability minimizes waste, maximizes recovery value, and directly contributes to cost reduction and resource optimization. The dashboard empowers hospitals to make data-driven decisions, ensuring that patient care remains the top priority while optimizing inventory management.

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“We've always helped our customers recover value from their inventory, but now with XCHG, they can do it themselves with even greater efficiency,” said Ashlea Souffrou, Founder and CEO of SxanPro. “This tool truly puts the power in their hands.”

Key features of XCHG include:

• Inter-Hospital Value Transfers: Hospitals can tap into unique recommendations for transferring items within hospital networks to maximize usage and minimize waste.
• Custom Algorithms for Selling, Transferring, and Donating: Teams can optimize inventory by identifying items to sell before expiration, transfer to other locations, or donate, minimizing waste and maximizing recovery value.
• No Integration Required: XCHG works seamlessly alongside existing systems without the need for complex IT integration.

XCHG completes SxanPro’s comprehensive suite of inventory management tools, following the Scan, and Inventory Health Dashboard.

• Scan: With a single UDI barcode scan capture complete, accurate device data including GTIN, lot numbers, and expiration dates.
• Inventory Health Dashboard: Translates the captured supply data into accurate, point-in-time visualizations of your inventory.
• XCHG Cost Recovery Dashboard: Optimize usage, minimize waste, and maximize recovery value across your entire supply chain.

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 To fully leverage XCHG’s capabilities, customers must adopt the entire suite, ensuring a cohesive and efficient inventory management system.

By proactively addressing inefficiencies higher up in the supply chain, healthcare organizations can enhance operational effectiveness, reduce waste, and ensure timely availability of products.

SxanPro’s XCHG is now available to hospitals and healthcare providers looking to enhance their inventory optimization capabilities and improve overall efficiency. This launch underscores SxanPro’s commitment to innovation and its vision for a future where healthcare providers are equipped with the best tools to deliver exceptional patient care.

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