The only RTLS provider on the 2014 ranking, CenTrak attributes its rapid growth to the adoption of its Clinical-Grade Visibility™ Technology – enabling workflow efficiencies, cost reductions, and improved patient care.

(Newtown, PA, December 2, 2014) — CenTrak announced today that it ranked No. 136 on Deloitte’s Technology Fast 500™ – a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. CenTrak was also ranked No. 4 in the sub-category of Communications/Networking.

CenTrak’s President and CEO, Dr. Ari Naim, credits the company’s 841 percent revenue growth to the demand for its innovative Clinical-Grade Visibility Technology. During a period of increasing financial pressure on the healthcare industry, CenTrak’s RTLS has become essential because it helps eliminate workflow inefficiencies and generates cost reductions, while improving patient care. CenTrak is uniquely positioned to deliver these benefits to its expanding customer base, making it the clear leader in the rapidly expanding healthcare RTLS market.
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Adam Peck, Director of Marketing

 

As a result of the recent Ebola outbreak, healthcare execs across the country and around the globe have been reevaluating the recording of their hospitals’ staff, patient and visitor interactions. Supporting and improving infection prevention best practices, as per the Centers for Disease Control (CDC), is imperative to both a healthcare facility’s own safety but also general public health.

There is a specific protocol when it comes to containing and preventing further spread of infectious diseases—at patient, facility and public levels. As outlined in Outbreak Control Management Procedures, put forth by Mercy Hospital’s Infection Control Manual the stages below are employed by healthcare executives to contain the disease and ensure patient safety:

  1. Perform a preliminary evaluation of available information
  2. Seek additional cases
  3. Formulate hypothesis
  4. Control Measures
  5. Communication
  6. Conclusion of investigation
  7. Evaluation1

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Adam Peck, Director of Marketing

automating contact tracing

As we mentioned in our previous post, Contact Tracing & Effective Infection Prevention, Real-Time Location Systems (RTLS) provide immediate or real-time tracking and management of medical equipment, staff and patients. RTLS and similar solutions are critical to taking proactive measures against the spread of infectious diseases. Accurate data means smarter, more timely decision-making: By automating important infection control processes such as contact tracing, healthcare facilities can turn to RTLS solutions to find assurance.

According to a recent survey of 1,039 acute care hospitals conducted by the Association for Professionals in Infection Control and Epidemiology (APIC), “Only about 6 percent of American hospitals have infection control procedures in place to effectively and safely handle Ebola patients. Among these facilities, “about 6% said they were ‘well-prepared,’ and about 5% said they were ‘not prepared’.”1

RTLS technology gives healthcare organizations the confidence that potential exposure lists are accurate, up-to-date, so that monitoring and treatment are properly targeted. With this added support, healthcare executives are better equipped to fight the spread of infectious diseases more efficiently, comply with Joint Commission outbreak response standards of safety2, through greater visibility and less human error.
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Advanced Clinical-Grade RTLS provider enhances workflow efficiency, reduces costs and improves patient care.

(MOUNTAIN VIEW, Calif. — October 8, 2014) — Based on its recent analysis of the real-time location systems (RTLS) market, Frost & Sullivan recognizes CenTrak with the 2014 North American Frost & Sullivan Award for Product Line Strategy Leadership. CenTrak’s Clinical-Grade Visibility Solutions™ meet the rigorous demands of healthcare facilities by delivering timely and extremely accurate location information with an easy-to-install battery-operated system. CenTrak’s RTLS infrastructure allows for seamless integration with hundreds of healthcare applications. Extraordinary performance along with the company’s consistent track record for exceptional customer support, has earned it the RTLS vendor of choice for leading world-class healthcare facilities in North America, Asia, Europe, and the Middle East.

“A hybrid solution overcomes many of the key constraints of Wi-Fi-only RTLS solutions, including high power consumption, bandwidth sharing with mission-critical applications, and limited accuracy due to varying signal strengths in different rooms,” said Frost & Sullivan Research Analyst Swathi Allada. “CenTrak’s technology is an improvement on current Wi-Fi-only systems, because it leverages a hospital’s existing Wi-Fi infrastructure to simplify installation. Then, upgrading to its Clinical-Grade RTLS™ becomes seamless, enabling a more precise, high-performance visibility solution only in areas where needed.”

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Stephanie Toronidis, Marketing Coordinator
operating rooms

Over the past year, the importance of the Internet of Everything and its relationship with big [real-time] data has created much buzz within healthcare, frequenting the likes of mHealth and healthIT forums.  So many discussions speak to the relevance of increased mobility of information as a means to revolutionize healthcare, as an industry and as a service. In our last post we discussed the Internet of Everything and its place within the emerging technologies timeline.1 If and when a full-fledged Internet of Everything will emerge is still speculative, but we have, undoubtedly already started to embrace the benefits of access to real-time data.

So what role do Real-Time Location Systems (RTLS) play in all of this and why should it matter for healthcare? To evaluate, let’s take a look at a single hospital department: Operating Room (OR). In high acuity workflow situations, location insight is fundamental for improved efficiency. So, for the OR, success means knowing whereabouts of all patients, staff resources and equipment. Without this basic information, process improvement is virtually impossible.

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emerging technology companies
Stephanie Toronidis, Marketing Coordinator
This week we are honored to be attending the 21st Enterprise Awards black-tie gala, hosted by the Philadelphia Alliance for Capital and Technologies (PACT), KPMG, and Fairmount Partners. CenTrak has been recognized as a finalist for PACT’s 2014 Enterprise Awards in the Emerging Technology Companies category and look forward to meeting our fellow nominees at this year’s ceremony.
The Emerging Technology Company Award is sponsored by Internet Capital Group, Inc. (ICG), a “leading cloud-based software and solutions automating business processes in insurance, government and compliance.”
In regards to award criteria, the nominated companies are nominated base on key considerations, as per the Enterprise Awards website, include:
  • Product or service innovation including proprietary
    technology or other advantage.
  • Company milestones including strategic decisions made by
    management that led to growth in revenues and/or earnings
  • Strength of management team including ability to raise
    capital
  • Profitability or demonstrated ability to achieve
    profitability such as strategy to achieve break even and the ability to realize
    high gross margins.
To learn more about other award categories, finalists, past recipients, sponsors, and judges visit the Enterprise Awards site: http://pact.gpcc.com/
Mansour Tannas, Director of Strategic Partnerships Tony Natale, Director of Strategic Partnerships
Edited by: Stephanie Toronidis, Marketing Coordinator
Automating Clinical Workflow Helps Hospitals Maximize Reimbursements
Today, more than ever, HCAHPS1 funding is being considered as a viable source of revenue for hospitals, their CFOs taking into account both preventable funds lost and potential funds gained. The opportunity to improve reimbursements—which typically equal about $2M for the average healthcare facility—creates added pressure for Chief Nursing Officers. Hospital executives face the challenge of ensuring patient safety while at the same time managing a facility’s clinical workflow and financial stability.
Many hospitals are discovering that effective patient-staff interaction is a key factor in HCAHPS scoring. To that end, Press Ganey has stated that the “single most effective strategy for improving performance in patient experience is purposeful hourly rounding by nursing staff.” An oft-cited Studer Group study alludes to this same point by demonstrating the positive effects of nurse rounding on the following: patient satisfaction, fall reduction, and call light reduction. Indeed, many, if not most, of the hospitals have already integrated some type of hourly nurse rounding protocols.
hcahps scores

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CenTrak CEO, Ari Naim, has been nominated for SmartCEO’s Voltage Awards, recognized among other top leaders in technology in Philadelphia. The award ceremony takes place this Thursday, May 29th at Ballroom at the Ben in Philadelphia.
SmartCEO Voltage Awards

From the event site: “The Voltage Awards celebrate the ever-increasing role that technology plays in the business community and the impact the technology sector will have on economic growth. The program recognizes leading technology innovators and implementers. These are organizations that are developing new technologies that improve operational efficiencies (technology innovators) and organizations that are using technology to enhance their competitive advantage (technology implementers). Each year, an independent committee of local business leaders selects finalists based on the quality of nominations submitted. The Voltage award finalists are profiled in the May/June issue of SmartCEO magazine and celebrated at an awards reception in May, where the winners are announced live.”

Learn more about SmartCEO Magazine by visiting their website: http://bit.ly/1mlbMOO

Real-Time Locating Systems

CenTrak asset tag shown on IV pump. Photo credit: Tech Nation
Dr. Israel Amir, CenTrak’s Chief Technology Officer, was recently featured by TechNation as a real-time locating systems expert, among other vendors and end-users. The discussion centered on real-time locating systems, discussing the opportunities of RTLS and what that means for the future of healthcare.
“Making the right RTLS investment will pay for itself in most cases in a matter of months. Often, having the ability to leverage the existing Wi-Fi infrastructure can be a benefit. The combination of Wi-Fi locating with Gen2IR and Low Frequency RF provides the framework required for advanced asset management use cases such as PAR-level management, improved asset utilization and reduction of shrinkage. For more demanding applications requiring accurate and high-speed locating (clinical-grade), dedicated networks with Gen2IR will provide the needed solution.”

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