Asset tracking: what it is and whether it's right for you

This Guidance Article examines asset tracking technology, reviewing what it is, how it works, and how it can be applied in the healthcare setting to help hospitals better manage medical equipment. The article also offers guidance to help healthcare facilities determine whether (or when) they should consider investing in asset tracking technology. Asset tracking refers to the ability to detect, identify, and locate assets-infusion pumps, wheelchairs, or just about any other object or device--at any time, as well as to record the physical locations of those assets over time. Though already commonplace in some industries, tracking technology is still relatively new to healthcare. As a result, the systems, the companies that supply them, and even the applications for which they can be used are still evolving. While some healthcare facilities could see almost immediate benefits from implementing an asset tracking system now, others would benefit from waiting a little while for the marketplace to develop further. This article provides information to help hospitals determine which option will be best for them. For facilities that choose to start the system selection process now, we outline factors that should be considered.