Medical inventory system could save hospitals USD 1 million per year

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Medical equipment and supplies are incredibly expensive, so very few hospitals own all the items they need. Instead, institutions borrow heavily from one another — amounting to USD 10 billion worth of assets leaving hospitals every year. LendMed is an inventory system that will enable hospitals and departments to keep on top of these exchanges — a function that currently has no technological aid. LendMed is a digital lending network, which can be accessed via kiosks, smartphone applications or portals — connecting departments within a hospital and hospitals with their region and nationwide. To begin, departments upload their inventory to…

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