Enhanced Efficiency and Control in Asset Management
Our user is a leading public hospital in Hong Kong’s Eastern District to transform asset management practices, tackling critical inefficiencies and risks in medical equipment oversight and utilization.
Challenges
The hospital’s original asset management method relied on barcode management, which created substantial challenges. Staff struggled with slow equipment audits, frequent misplacement of assets, and difficulty in locating items for urgent use. Manual tracking made it hard to verify asset status, usage, and ownership, leading to occasional loss, theft, and underutilization of high-value equipment. Routine audits were time-consuming and lacked data accuracy for effective management and maintenance planning.
Solutions
The Million Tech RFID Asset Management System introduced a smarter, faster way to handle hospital assets. Through RFID tagging, staff can now search and identify equipment instantly during audits or daily operations. The system connects asset data, user assignments, and in/out movement records in real time, giving management a clear view of asset usage history, current users, and location status. With handheld RFID readers and an integrated dashboard, departments can perform stocktakes, locate critical devices, and update user records quickly and accurately.
Values created
Implementation of RFID technology cut stocktaking times from 5 days to just 4 hours. Search times for equipment dropped from 20 minutes to only 1.5 minutes. Error rates fell from 22% to 0.5%, boosting asset record accuracy from 75% to 99.9%. Incidents of lost and expired items decreased by 85%. The system has freed hospital staff to focus on patient care, while enabling procurement and management to monitor, report, and control assets with confidence.
More Success Stories of Smart Healthcare Solution
The RFID Asset Management System from Million Tech empowers Hong Kong hospitals to achieve error-free, real-time asset tracking and location monitoring. This solution uses advanced RFID technology to automate equipment audits, instantly locate items, and manage assets across departments—whether for beds, monitors, surgical tools, or facility resources. The intuitive dashboard provides actionable data, supporting fast resource allocation, robust loss prevention, and seamless compliance. With over 25 years of RFID experience, Million Tech is a trusted provider of hospital asset management innovations that help medical teams save time, reduce human error, and optimize operational efficiency.
