stocktaking case study

Hospital Inventory for Financial Reporting Deadlines

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    Inventory

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    Hospital Inventory

    A large cancer hospital provide innovative cancer treatment options across a UK network of centres. Consultants, specialists and staff provide an all-encompassing and personalised cancer care service. Treatments include proton beam therapy, radiotherapy, chemotherapy and immunotherapy, along with a range of supportive care services. The hospital also offers a rapid MR imaging diagnostic service at each centre, which patients can access to identify a range of medical conditions, not just cancer.

    THE CHALLENGE

    The cancer hospital required RGIS to provide the following:

    • Experience within a healthcare environment
    • An alternative to pen and paper counts completed by in-house staff previously
    • Quick, electronic data return for financial reports
    • Experienced and trained auditors to complete inventories

    Why RGIS?

    The cancer hospital needed a stocktaking solution to meet financial reporting deadlines, as the current process was too labour intensive.

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    Our Solutions

    The cancer hospital partnered with RGIS to complete the stocktaking project, and provided the following:

    • All wards were contacted to discuss preparation prior to the stocktake

    • All wards had a specific time frame of schedules to work around patient needs

    • The experienced RGIS team created an enhanced base program for the customer that utilised new inventory technologies

    • The process replaced the pen and paper counts and provided a quick data return

    • Knowledgeable and trained RGIS auditors worked the inventory, adding efficiency and accuracy

    • Accurate data was then returned electronically following the inventory

    Results

    The cancer hospital found by outsourcing the stocktaking project to RGIS, the following results were achieved:

    • The hospital was able to meet the financial reporting deadlines with ease

    • Consolidated data was available for immediate use, after the event on a USB drive

    • The customer reported substantial cost savings

    • The new inventory program needed less staff and fewer man-hours

    Conclusion

    By partnering with RGIS to modernise its stocktaking process, the cancer hospital replaced manual, paper-based counts with an efficient, technology-enabled inventory solution. RGIS’s experienced healthcare-trained auditors delivered accurate results with rapid electronic data return, enabling the hospital to meet financial reporting deadlines with confidence. As a result, the hospital achieved significant cost savings, reduced internal resource requirements, and established a more efficient, reliable approach to ongoing inventory management.

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