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MOBILE & TELECOMMUNICATIONS | RFID Systems
wavemark.net

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Founded Year

2005

Stage

Acquired | Acquired

Total Raised

$25.15M

About Wavemark

WaveMark specializes in solutions for the hospital, supplier, and ambulatory surgery center markets. The WaveMark product and service offerings use RFID-based technology and web-based software for financial and operational improvements. The company has worked with specialty areas of the hospital and with medical device manufacturers to eliminate the expensive waste that permeates the physician preference supply chain. Solutions by WaveMark range from off-the-shelf, easy to install cabinet-based solutions to intricate integration strategies for global supply chains of major medical device manufacturers.

Wavemark Headquarter Location

1 Monarch Drive Suite 104

Littleton, Massachusetts, 01460,

United States

978-431-1600

Latest Wavemark News

08:15 ET Cardinal Health's WaveMark™ launches supply automation solution for clinical labs

Nov 18, 2021

New offering automates previously manual supply tasks, enabling clinical lab staff to focus on patient care News provided by Share this article Share this article DUBLIN, Ohio, Nov. 18, 2021 /PRNewswire/ -- Cardinal Health today announced its business, WaveMark™ Supply Management and Workflow Solutions , will now be available for implementation in clinical labs across the U.S. "WaveMark is among the first in the industry to optimize clinical lab processes through cutting-edge automation," said Shawn McBride, vice president and general manager, WaveMark. "Timing matters in the lab: the faster test results are delivered from the lab, the faster a diagnosis can be made and treatment can begin. WaveMark's new clinical lab solution ensures the most experienced, skilled lab managers aren't unnecessarily spending time checking on inventory." The role clinical labs play in the continuum of care is critical: 70% of medical decisions are made with direction from a lab result1. Even prior to the pandemic, however, the clinical lab workforce was strained due to both a retiring workforce within the lab and an aging population that increased testing demand2. COVID-19 testing needs added to that demand. WaveMark's supply automation capabilities help ease these staffing burdens by automating laborious, manual inventory-tracking tasks. "WaveMark is the future of operational optimization in the lab and this solution is critical to the current workforce and supply chain challenges our healthcare industry is facing," McBride said. "We wrap a lot of services into our solution that help ease the burden on customers. WaveMark is easy to implement and sustain for optimal results – this includes an entire lifecycle of assessing workflows, tailoring our solution for deployment and providing ongoing implementation and support for sustained results." With its scan, grab and go workflows, and automated, real-time insights, WaveMark alerts clinical lab staff of what to order and when to order it. Its search capabilities help quickly identify the location of products needed and lot numbers to ensure appropriate supplies are used first. Plus, it proactively alerts users about recalled, expired and at-risk products and supplies, ensuring patient safety and decreasing costs and waste. WaveMark also automates the flow of information by integrating with existing financial systems. In a time-and-motion user study3, WaveMark users saved an average of nearly seven hours weekly for staff – 357 hours per year – in just the first three months of implementation. "WaveMark's launch into clinical lab will not only create time savings for staff, but it will improve testing throughput and increase supply chain efficiency," said McBride. "This means lab staff can focus on what they're trained to do: deliver timely and accurate test results to patients." Today, WaveMark is used in more than 2,500 operating rooms and procedural areas in more than 300 hospitals nationwide. To learn more about WaveMark's new clinical lab solution, go to cardinalhealth.com/WaveMarkClinicalLab . About Cardinal Health  Cardinal Health (NYSE: CAH ) is a distributor of pharmaceuticals, a global manufacturer and distributor of medical and laboratory products, and a provider of performance and data solutions for health care facilities. With 50 years in business, operations in more than 35 countries and approximately 44,000 employees globally, Cardinal Health is essential to care. Information about Cardinal Health is available at cardinalhealth.com. Contacts Investors: Kevin Moran,  [email protected]  and (614) 757-7942 1 Centers for Disease Control & Prevention. November 15, 2018. Strengthening Clinical Laboratories . 3 Data based on time and motion study led by third-party research firm, Kaleidoscope at White Memorial Hospital, Los Angeles. 2017. SOURCE Cardinal Health

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Wavemark Patents

Wavemark has filed 18 patents.

The 3 most popular patent topics include:

  • Radio-frequency identification
  • Supply chain management
  • Ubiquitous computing
patents chart

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11/19/2019

7/27/2021

Supply chain management, Barcodes, Radio-frequency identification, Ubiquitous computing, Logistics

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11/19/2019

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7/27/2021

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Supply chain management, Barcodes, Radio-frequency identification, Ubiquitous computing, Logistics

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