THOUSAND OAKS, Calf. (October 12, 2018)—Bonafide Management Systems announced its Live Asset Tracking System, which allows medical devices such as ventilators, infusion pumps, monitors, wheelchairs, beds and other high-value items to be tracked and monitored. The system includes a small device and software. The device can be affixed to any medical equipment, according to the company, and the software tracks the physical location of the device in real-time.

“Utilizing this solution could reduce or eliminate lost inventory and all of the associated costs, improving overall profitability by an estimated 15 percent,” said Scott McDaniel, CEO, Bonafide Management Systems.

Bonafide’s Live Asset Tracking system gives providers a data-driven way to track inventory across all facilities throughout the lifetime of the product. This system is based on the company’s inventory control software, which Bonafide has been building since 1981.

The Bonafide Live Asset Tracking system allows DME providers to work in an intuitive online dashboard and view all their high-value items in 2D graphical representation. It offers the following benefits:

  • Track all high-value assets, both powered and non-powered
  • View the physical location of all assets at a glance
  • Track utilization and in-use time to automate billing based on usage
  • Cellular and satellite hardware options mean assets can be tracked anywhere
  • Set up battery-level observation and maintenance schedules

This solution allows DME providers to locate equipment quickly and provide full visibility of all assets in a simple web-based dashboard, according to Bonafide.

Bonafide’s Live Asset Tracking system is based on growing technology known as the internet of things (IoT), a network of physical devices, vehicles, home appliances and other items embedded with electronics, software, sensors, actuators and network connectivity that enables these objects to connect and exchange data.

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