Z5 Inventory Blog

Subscribe to Email Updates

About Z5

Z5 Inventory is on a mission to help healthcare providers avoid unnecessary expense due to product expiration.  The company offers a range of software and services powered by the Z5 Inventory Platform to conduct medical supply inventories and identify slow and excess product to reallocate it before it expires.

Five to Save | January 16th, 2018

1/16/2018
0 Comments Written by Shane Pratt

Hi All!

Welcome to the first edition of the Five to Save healthcare supply chain and finance newsletter.  Over here at Z5 we like to keep our eyes on what's happening in the marketplace and make sure you are up to date with all of the cool things happening at Z5.  To that end, we will be serving some of the more interesting tidbits that may be able to help you.  Below are five articles we are spending some time pondering:

Continue Reading
Read More

Topics: technology, physical inventory count, inventory valuation, healthcare, supply chain, inventory, newsletter

Z5 Inventory Version 2.5 the Fastest, Most Efficient Way to Count and Value Medical Supply is Now Available on the Apple App Store

1/9/2018
0 Comments Written by Shane Pratt

We recently dropped Version 2.5 of the Z5 Inventory Platform and App, eliminating the need for archaic, inaccurate paper counts and enabling the identification of slow and excess inventory for the purpose of expiration avoidance.   

Continue Reading
Read More

Topics: physical inventory count, Z5 Count Software, healthcare, supply chain, inventory

Extra, Extra Read all about it! Centura Health Renews with a Long-Term Commitment to Z5 Inventory!

12/13/2017
Well it sure is one of the best compliments you can receive  when a customer chooses to renew with your company (as you all may know), but when they ask to extend beyond the originally proposed term for an additional two years then you know you are doing something right!
 
Centura Health, an Aurora, Colorado based health system that operates 2200 licensed beds across 17 hospitals in the great states of Colorado and Kansas, renewed with Z5 Inventory in late October 2017 for another five years, two more years than what was proposed.  We could not be more excited!
Continue Reading
Read More

Topics: technology, physical inventory count, growth, Z5 Count Software, healthcare, inventory

What I Learned While on the Road

8/3/2017

I recently returned from two weeks on the road visiting customers and prospects.  I started in Washington, DC, then on to Baltimore, Boston, Cincinnati, and finally Los Angeles.  My new favorite motto is “if you have time to spare, then go by air” but that is for another blog.

Continue Reading
Read More

Your bottom line is going to thank you.

6/28/2017

Admit it. You made a mistake. We all make mistakes, right?

Or, maybe it wasn’t you who made the mistake, but someone who reports to you (which makes you responsible anyway).

Under forecasted expenses? Check.

Too much overtime for staff? Check.

Bought too much inventory and now you can’t use it? Check.

Continue Reading
Read More

Topics: physical inventory count, selling medical inventory, Z5 Count Software, inventory valuation, inventory audit, healthcare, supply chain, Boston Children's Hospital, new client spotlight, inventory

New Client Spotlight: Boston Children's Hospital

6/21/2017
0 Comments Written by Shane Pratt

Z5 software and Z5 provided services will be used to complete a physical inventory count at Boston Children’s Hospital, pictured above.

We're proud to announce that Boston Children’s Hospital has selected Z5 Inventory to perform a physical inventory count within designated areas of the hospital. Our team will coordinate and complete the count using Z5 Count, our iPad app, later this June. 

Continue Reading
Read More

Topics: physical inventory count, selling medical inventory, Z5 Count Software, inventory valuation, inventory audit, healthcare, supply chain, Boston Children's Hospital, new client spotlight, inventory

How are you going to meet your annual financial savings goal?

6/16/2017

Every year hospitals and hospital staffs go through the annual budget process. Departments submit projections for their budgetary needs, projects are prioritized and re-prioritized, meetings are held to discuss the merits of each, and at the end of the process funds get allocated.  

Wouldn’t it be great if it were that easy?

Continue Reading
Read More

Topics: physical inventory count, selling medical inventory, buying inventory, selling medical supplies

Inventory counts are fun! Don’t you agree?

6/13/2017

You live in a world filled with boxes, packages, bins, shelves, storage rooms, items out of order, manufacturer name changes, and did I mention the unreadable labels?

Ok, I think you get the point. It’s a big job to take on, but you are the force behind the management of most hospitals second biggest expense: inventory.

Let’s explore a bit further...

Continue Reading
Read More

Topics: physical inventory count, buying inventory

5 Myths That Lead to Poor Inventory Management

6/6/2017
0 Comments Written by Shane Pratt

Have you heard of Asclepius?

No, he's not one of the new resident physicians.

Greek mythology celebrates him as a hero - and the god of medicine. You might recognize one of his accessories; the rod of Asclepius, a snake-entangled staff. To this day, it's a popular symbol for medicine and healing.

According to the ancient Greek myths, Asclepius traveled from town to town with a potion that contained magical properties. The potion, bestowed upon him by the goddess Athena, enabled him to perform miraculous cures - from healing pain to bringing people back from the dead.

Continue Reading
Read More

Topics: physical inventory count, selling medical inventory, buying inventory, selling medical supplies

Hospitals Can Now Buy & Sell Medical Supplies and Inventory Directly Through Z5

4/18/2017
0 Comments Written by Shane Pratt

It's April. That means it's time for wildflowers, warmer weather, and for most - a little spring cleaning.

No one really likes spring cleaning, but it's a necessary evil. This holds especially true for hospitals, as excess inventory that will eventually expire or remain usused can amount to millions in lost product (aka, dollars).

Are you one of the many hospitals facing this challenge?

Continue Reading
Read More

Topics: physical inventory count, selling medical inventory, buying inventory, selling medical supplies