What is barcoding in healthcare and how is it effective and efficient

  • Barcode Scanning And Patient Safety

 

Patient safety and treatment in a healthcare industry is a top most priority for doctor, nurses, administrators and staff aim to improve day by day. Healthcare barcode wristband help in keeping track of patient admit process, barcode, identification, medication and care admission throughout the time patient stays and specific patient information can be updated continuously. Medications, medical record and specimen samples are also tagged with barcode so doctor and nurses can easily trace the critical information about the patient. Each time of medication doctor or nurse can scan the wristband of a patient to instantly store the patient medical record. Barcode technology makes sure the right patient given the correct treatment, reduced errors and ensures the safety of a patient.

  • Wristband Efficiency

Barcode wristband needs to be durable with the use of top quality wristband and printer it can be achieved. It is very important that wristband stay in good condition during the patient stays in hospital to provide consistent accurate identification and keep track of patient medication. Barcode can track supply to a particular patient and also identify the doctor who used it with patient. The hospitals are using barcode blood band which ensures that the correct blood goes to the right person reducing the possibility of human error. This band helps in blood transfusion process the wristband and blood sample have same barcode which helps in identification of the specimen and make sure blood goes to the intended recipient.

  • Effect Of Barcode Technology In Medication Administration

 

Healthcare professionals needs barcode to track inventory and ensures that the each patient receives the proper medical treatment. Barcode in medicines can be used to verify the information about the drugs before giving it to patients; each medicine has unique packaging and barcode to identify the type and amount of the drug in it. Before the barcode it is very difficult for pathologist’s to keep record of right specimen for right patient they will be mixed up and wrong diagnosis will be given to wrong patient. After implementing barcode system increase labelling accuracy in laboratories so the patient can receive appropriate medical treatments.

 

  • Healthcare Inventory Control

 

In the field of pharmaceutical industry the introduction of barcode ensures that it provides more transparency and proper tracking of inventory. Bar coding will continue to adapt by healthcare industries to make improvement in patient treatment. Barcode scanning of product maintain the record of inventory which helps in speed up of re-order process of products (medicines, surgical equipments etc). Barcode technology has made administrative work error free and easy they use zebra technologies to print healthcare barcode from thermal or laser printers and can implement barcode tracking system easily in multiple departments. Barcode technology offers quick access to information can scan multiple barcodes a minute.

  • Conclusion

 

User can scan barcode without internet so it can keep the private information of patients more secured. The barcode technology is growing faster as well as healthcare industry which adapts new changes everyday new medical challenges of medication, Illness, treatment and new advance research. Barcode makes life of clinician easy by helping them making day by day record more efficient and accurate. Barcode technology improves the healthcare industry by ensuring patients get best treatment possible, also doctors and nurses can now focus more on patients medical care.

Global Renewable Methanol Market Growth Sustained by Stringent Government Rules and Regulations

Inkwood Research estimates that the Global Renewable Methanol Market is evaluated to project a CAGR of 3.82% in terms of revenue and 2.55% in terms of volume during the forecasting years of 2022-2030.

“Browse 64 Market Data Tables and 44 Figures spread over 229 Pages, along with an in-depth TOC on the Global Renewable Methanol Market Forecast 2022-2030.”

 

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Renewable methanol can be produced with the use of renewable energy and renewable feedstock. The growing need for renewable methanol is facilitated by the need to mitigate climate change through the elimination or reduction of CO2 emissions, in addition to maintaining the average global temperature increase to no more than 1.5°C.

Renewable-Methanol-Market

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Strict Government Rules and Regulations to Augment Market Growth

Stringent government regulations on carbon dioxide as well as other greenhouse gas emissions are projected to fuel the global market growth for renewable methanol. As per a report by Renewables Now, Europe’s carbon dioxide emission depreciated by 12%. On the other hand, renewable energy sources exceeded conventional energy sources, including fossil fuels and coal. Furthermore, the introduction of new renewable energy policies in the European Union (EU) Emissions Trading System is set to boost the market for renewable energy sources, subsequently bolstering the global renewable methanol market growth.

Gasoline to be the Fastest-Growing Application

While numerous regulations support the use of methanol for gasoline, a certain limit has been established for its production. The European fuel specification (EN228) and the European Fuel Quality Directive (2009/30/EC) permit a limit of up to 3 volume-% of methanol in gasoline. In addition, the European Union’s 2050 energy strategy’s primary objective is to minimize greenhouse gas emissions by up to 95%.

As a result, renewable methanol is likely to play a substantial role in terms of lessening greenhouse gas emissions. Furthermore, a key advantage of utilizing renewable methanol is its capability to reduce greenhouse gas emissions emerging from the transportation industry.

Europe set to Lead the Global Market by 2030

Europe is estimated to register significant growth during the forecast period on account of the proliferating wind and solar sector, subsequently augmenting the need for power generation. Renewable methanol is also expected to play a vital role in offering cleaner energy across the European continent. In addition, electricity generation in Germany, primarily from renewable energy sources, has increased, thus accelerating the use of renewable methanol. On the other hand, top players are also expanding their business in the region through the adoption of several strategies like partnerships and agreements with other leading players.

The degree of competition in the global renewable methanol market is expected to be moderately high during the forecasting period. Some of the major companies operating in the market include Innogy, BASF SE, Nordic Green, etc.

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Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa.

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Related Reports:

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GLOBAL GREEN HYDROGEN MARKET

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How Strategic Procurement Solutions Can Transform Your Business

Procurement is more than just about buying products and services. strategic procurement solutions cover a wide-ranging process — from finding the right suppliers, optimising costs, assessing and managing risks, to incorporating technology to make things more efficient and seamless.

Understanding Your Procurement Needs

With the help of a business specialising in procurement consultancy services, you can better understand your procurement needs. And these include the types of goods and services that your business must have to improve its performance, your financial situation, and the condition of the supplier market. What does your current expenditure look like? How much can you still save while not compromising the quality of goods and services you’re procuring? Who among the potential suppliers should you choose?

Based on your analyses, you can then develop an apt procurement strategy, request quotes, supplier information, and proposal, select your vendors, and negotiate prices. It is also essential to monitor and constantly improve the procurement process.

The Benefits Of Strategic Procurement

When done correctly, strategic procurement can help transform your business for the better. Here’s how.

Saving money. With the help of a strategic procurement consultant, you can streamline your purchasing process and make sure that you're only buying the things you need — from the right supplier, at the right time, and for the right price. In the long run, saving procurement costs can boost your bottom line.

Managing risks better. A well-designed, implemented, and monitored procurement strategy can guarantee that your supply chain is as secure as possible and that you're prepared for any potential disruptions. These disruptions include public health emergencies like COVID-19, natural disasters, and economic fluctuations.

Enhanced satisfaction from customers, suppliers, and stakeholders. By choosing the right vendors, you can improve the offerings you’re selling to your consumers. As a result, you can enjoy higher customer satisfaction. You can also benefit from a sound procurement strategy to preserve your relationships with your suppliers — the very organisations that are instrumental in helping you achieve your business goals and objectives. When you keep your customers and vendors happy, your overall business image will be improved, subsequently boosting your workforce’s morale and your stakeholders’ confidence in your company.

In implementing a successful strategic procurement strategy, you need to be clear about your vision and stick with it. Then, you must have the right people in place — including the right team members, suppliers, and third-party collaborators and consultants. A sound strategy also isn’t complete without a fool-proof process in place. This means consistently developing standard protocols and procedures that everyone on your procurement team follows.

The key to further succeeding in your procurement endeavours lies in your being resourceful. You need to look for available procurement technologies, identify which would best suit your needs, and utilise them to your advantage.

Hire Professional Procurement Consultancy Services For Your Business

In a fast-paced environment, crafting and implementing the most suitable procurement strategy can be challenging. At The Procurement Hive, you can hire collaborative consultancy services to cost-effectively address your supply chain, people, and organisational needs.

They deliver tailored-fit strategic procurement solutions with your business priorities and success in mind. To learn more, visit https://www.theprocurementhive.com. For enquiries, reach out to them at This email address is being protected from spambots. You need JavaScript enabled to view it., +44 (0)7828 148724, or +44 (0)7817 018520.

Castlemore offers valuable information about Working Capital Management and its importance

Toronto, ON, Aug 16, 2022 - Castlemore Accounting Services recently released a press document that provides some crucial information to their clients about working capital management to prevent their companies from running out of resources. Castlemore Accounting Service offers a wide range of accounting services and makes sure that quality is upheld at every stage, producing observable and quantifiable results.

The spokesperson from this top accounting services in Caledon informs any company that wants to be sustainable, expand, and develop must practice good working capital management in order to be profitable and keep a positive cash flow. Technically speaking, working capital is positive when a company's assets exceed its liabilities. Having more obligations than assets could lead to negative working capital.

According to this company’s main source, A company's financial stability, which includes elements like working capital management and cash flow, depends on accurate accounting and bookkeeping. A business's financial health reports are influenced by the accounting and bookkeeping function of working capital management. Streamlining bookkeeping and accounting procedures helps provide accurate reporting on the company's working capital. Working flow and cash flow management can be taken care of by using professional accounting services. This is especially beneficial for expanding organizations that need to pursue new business possibilities and revenue streams without jeopardizing current debt obligations.

About the company

Castlemore is one of the top accounting services in Caledon that offer the standout and most affordable accounting and income tax services. They provide a range of services, such as tax preparation for individuals, small businesses, corporations, payroll, tax registration for businesses, budgeting and cash flow services, accounting and bookkeeping, business counseling, etc.

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Thami Rajalingam

Castlemore Accounting Services

251 Consumers Road Parkway Place,

Suite 1200, Toronto, ON, M2J 4R3, CAN

+1(416) 814-7427

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Future Electronics Wins 2021 Passives Distributor of the Year Award from Vishay

Montreal, Canada (release-news ) August 8, 2022 - Future Electronics, a global leading distributor of electronic components, has been awarded Passives Distributor of the Year for 2021 by Vishay Intertechnology, a global manufacturer of semiconductors and passive electronic components.

"Future Electronics being named Passives Distributor of the Year is a recognition that we're humbled to have received," said Jacques Hing, Future's Corporate Vice President, Passives. "The fruits of our mutual labour are reflected in this award and we're thankful for the continued support."

The award was presented to Future Electronics at EDS 2022 in Las Vegas by Vishay's Gary Giordano, Senior Director, Americas Distribution and Serge LeBlanc, Global Distribution Strategic Manager.

"We are pleased to present the Future Electronics team with the Passives Distributor of the Year award in recognition of their outstanding topline performance in 2021," said Dave Valletta, Executive Vice President of Sales at Vishay Intertechnology. "This award recognizes Future's leadership in offering easy access to our large and ever-expanding passives portfolio. We thank the entire Future team for this achievement."

Future Electronics outperformed all other distributors in 2021, generating industry-leading sales growth for Vishay's passive components while effectively supported their customers' needs. Future also won the company's Semiconductor Distributor of the Year award in 2020.

"Vishay is a key manufacturer in Future Electronics' passives portfolio," said Hing. "Over the years we have strengthened our position and solidified our partnership in this space, resulting in positive synergies that helped move both companies forward."

Vishay manufactures one of the world's largest portfolios of discrete semiconductors and passive electronic components that are essential to innovative designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical markets. Vishay Intertechnology, Inc. is a Fortune 1,000 Company listed on the NYSE (VSH).

For more information, and to order from the complete line of Vishay products, visit www.FutureElectronics.com .

About Future Electronics

Future Electronics is a global leader in electronics distribution, recognized for providing customers with global supply chain solutions, custom-tailored engineering services and a comprehensive suite of passives and semiconductor products. Founded by Robert Miller in 1968, Future Electronics has over 5,500 employees and operates in 170 offices in 44 countries around the world. Future Electronics is globally integrated, with a unified IT infrastructure that delivers real-time inventory availability and access to customers. With the highest level of service, the most advanced engineering capabilities, and the largest available-to-sell inventory in the world, Future's mission is always to Delight the Customer®. For more information, visit www.FutureElectronics.com .

Media Contact

Jamie Singerman
Corporate Vice President Worldwide
FUTURE ELECTRONICS
www.FutureElectronics.com
514-694-7710
Fax: 514-693-6051
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