Sentient Health Expands UK Healthcare Market Presence

Designed specifically to save time and money by cutting waste throughout the supply chain, Sentient Health solutions can help NHS organisations achieve these operational efficiencies and improve financial performance to achieve many of the targets set.

Sentient Health already has a proven track record across the UK through its MedTrac™ Hospital Supply Chain solution. This is available to trusts through NHS Supply Chain, whose services are delivered through DHL with whom Sentient Health works in partnership. Sentient Health's MedTrac™ solution delivers the efficient control of medical supplies - tracking product consumption by patient, procedure and doctor.

Sentient Health has bases in London, Singapore and Japan. Its MedTrac™ Hospital Supply Chain solution is used to track inventory in over 3,000 locations at 400 hospitals. As well as being a software provider, it also offers consultancy services allowing hospitals and other NHS bodies to identify immediate areas for savings without any need to invest in new software.

Joel Haspel, company CEO, said: "Our global expertise and extensive knowledge of the NHS market enables us to provide carefully-tailored solutions to meet the specific needs of each client. Trusts and other healthcare providers are often surprised to discover that up to 30 percent of stock in a manual ordering system ends up in the bin. Implementing Sentient Health solutions can reduce that waste."

"Our consultants can use existing client data to identify and achieve immediate cost savings. This kind of efficiency gain will be increasingly important in the years ahead as every area of the NHS comes under even greater pressure to cut costs without compromising patient services."

Sentient Health has already achieved significant penetration across the UK healthcare market, enjoying steady expansion throughout the recession which has resulted in the need to recruit additional staff. This is largely thanks to its holistic approach which allows clients to choose any level of service - from a brief consultancy to identifying obvious areas of waste to the introduction of an entire new stock control system.

"The business benefits of working with Sentient Health are extensive including, the chance to ensure that organisations only order the stock they need and that items are used before reaching expiry, plus we can also help healthcare organisations to identify ways of reducing the amount of staff time dedicated to stock control," further comments Haspel. "Overall our aim is to provide reliable and realistic options for managing the supply chain which will allow more NHS time and resources to be focused on delivering services to patients."

Sentient Health already has a strong customer base in the UK with its solutions now being delivered to a number of NHS Trust sites.

Case Study - Cardiff & Vale NHS Trust
With hugely diverse support services, nine orthopaedic theatres and a reputation as a National Centre of Excellence to maintain, Cardiff & Vale NHS Trust recognised they needed 'intelligent stock control' offering enhanced management data, greater transparency and better cost analysis features.

Following the successful implementation of a Managed Inventory Service (MIS) using Sentient Health's MedTrac™ solution, the trust has already realised significant benefits including:

• Improved cash flow from more accurate stock control data and stock profiling
• Improved accountability - reducing stock loss and duplication
• Enhanced management data and statistics - leading to more informed decision making, reducing staff time involvement
• The ability to speedily identify obsolete, 'never used' and unnecessary stock items, realising significant savings and cash flow improvements
• Reduced clinical staff time utilised in procurement process, giving more time for patient-facing duties

For further information, please visit:
http://www.sentienthealth.com

About Sentient Health

• Established in 1999, Sentient Health is a leading provider of healthcare supply chain management solutions. Sentient Health solutions are used throughout the healthcare supply chain, in the hospital at a ward level, at the distributor's warehouse, in transit and in the field to improve financial performance and enhance operational efficiency.
• Sentient Health is a recognised thought leader, being amongst the most innovative companies in its field and constantly works with clients to develop even more effective ways to manage their supply chains.
• MedTrac™ is a software service that enables the management of medical supplies throughout the supply chain down to the hospital ward and tracks product consumption by patient, procedure and doctor. Customers using MedTrac™ improve their financial performance through improved inventory performance and reduced write-offs. The service model allows for limited up-front investment with immediate gains; ROI has historically been less than one year.
• Joel Haspel, CEO, has over 20 years IT and management consulting experience. He spent 10 years with Deloitte Consulting delivering technology enabled business solutions in the USA, Australia and Asia. Joel was also instrumental in the development of Deloitte Consulting methodologies and international expansion. While working at Deloitte, many of his clients were focused on supply chain improvements. Armed with insight from other industries, he applied these concepts to the healthcare industry to create Sentient Health in 1999.
• Scott Barger, COO, (Chief Operating Officer), became involved with Sentient Health while a senior associate at K2 Services Corporation and worked extensively in developing Sentient Health Japan's (SHJ) marketing and sales strategy. He joined in February 2002 and has played a leading role in executing the sales strategy as well as technology development. Scott provides marketing know-how and an in-depth knowledge of logistics.