Advantus Health Partners, Movemedical Work to Improve Medtech Inventory

Advantus Health Partners (AHP) and Movemedical (MM) have formed a strategic collaboration to reset the standard for medical device inventory management in hospitals, surgery centers, and distribution centers.

The pair’s multi-year agreement involves system-wide deployment of Movemedical’s best-in-class inventory management tools to optimize distribution, expiration management, and billing reconciliation for high-cost medical device inventory.

“At Advantus we know that from the first patient visit to the post-op appointment, there are ways to streamline the delivery of care. Medical device inventory management has been a challenge for hospitals large and small. One-time purchases add up quickly and fail to leverage the digital information we have available to us”, Advantus Health Partners President Dan Hurry said. “When you deploy the right technology, inventory management can measurably remove costs and transition your operation from transactional to strategic.”

Advantus’s operational expertise and distribution network, combined with Movemedical’s best-in-class point-of-use technology, give end-users the necessary tools to manage inventory, avoid waste, and ensure medical devices are always at the right location at the right time.

“Working with the team at Advantus presents a great opportunity to create a repeatable model for medical device distribution, which has traditionally been a challenge for hospitals due to excessive carrying costs and product shrinkage,” Movemedical CEO Josh Weeks stated. “Advantus has an established network and the scale to create significant savings from self-distribution of medical device inventory. Movemedical is the world’s leading medical device inventory management software, used to support over 14 million procedures worldwide. Together, we will utilize the latest technologies in collaboration with supplier partners to simplify the complex world of medical device inventory management and deliver measurable cost savings while improving patient care.”

“As a health care solutions company that aims to make supply chain easier, Advantus looks to eliminate inventory waste for hospitals. Enabling self-distribution of medical devices, which can save the average hospital millions annually, also achieves value beyond cost reduction, setting the stage for more resilient and collegial relationships with medical device suppliers that positively impact patient care. Our collaboration with Movemedical allows us to push the industry into a new chapter of medical device inventory management,” Hurry concluded.

Advantus Health Partners is a healthcare solutions company that makes supply chain easier for its clients through streamlined supply chain management, organizational purchasing, operations, and cost-savings efficiencies. With innovation at the forefront, and an advanced operational model, Advantus provides solutions to further drive value beyond contracting and reduce healthcare costs.

Movemedical is an enterprise software provider for medical device inventory management and optimization. Its SaaS platform drives digital transformation through seamless integration and automation. Successfully deployed across more than 20 enterprise ERP instances and supporting over 14 million surgeries worldwide, Movemedical achieves a 98% user adoption with its intuitive mobile and web interfaces. The privately held company operates in 47 countries.