Impinj's holistic solution streamlines the supply chain of
healthcare delivery organizations and greatly optimizes their asset
and labor utilization
SANTA CLARA, California,
June 27, 2017 /PRNewswire/
-- Based on its recent analysis of the radio-frequency
identification (RFID) healthcare solutions market, Frost &
Sullivan recognizes Impinj, Inc. with the 2017 North American Award
for Customer Value Leadership. Impinj delivers a range of solutions
for passive asset and item tracking using RAIN RFID, a form of
wireless communication that employs the global ultra high frequency
(UHF) RFID protocol developed by GS1 and ISO. By offering
end-to-end RAIN RFID solutions, from tags to management software,
Impinj gives healthcare providers new levels of insights into asset
and personnel tracking.
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"Impinj enables a versatile line of asset and supply management
solutions for applications across industry verticals, from retail
to food and beverage, as well as pharmaceuticals and healthcare,"
said Frost & Sullivan Industry Principal, Dilip Sarangan. "In healthcare deployments, the
Impinj RAIN RFID platform differentiates itself with its lower
costs, expanded capabilities, and a holistic approach to asset
tracking."
Unlike traditional, by-hand asset and supply tracking systems
that are extremely inefficient, labor dependent, have limited
applications, and active RFID systems that cost approximately
$40 to $50 per tag, the Impinj system
has broken the "sub 10 cents" per tag
barrier. At the same time, the solution can scale up for the
largest healthcare delivery organizations (HDOs) and is highly
versatile, finding application even in consumables inventory. It
requires no batteries or external power source, has low maintenance
and staffing requirements, and boasts a long shelf life, making it
greatly superior to legacy solutions.
Impinj's unique integrated platform approach to RFID technology
results in a three-layered platform that effortlessly combines RAIN
RFID tag chips, gateways/readers, and software to form a wholesome
solution to increase performance and ease use. With this
streamlined system, the tagged chips with the data and the
information about the object stored inside function seamlessly with
the reader systems. They feed into the software layer and aggregate
the data from readers across the organization to offer a single
point of interface and tracking for all systems.
As HDOs increasingly automate their supply chains, there will be
more opportunities for RAIN RFID applications to improve
efficiencies and lower costs. By enhancing supply chains, RAIN RFID
also smoothes over the pain points created by regulations mandating
supply chain security, especially when healthcare providers have to
cope with personnel and fund shortages.
"As HealthCare providers and pharmaceutical distributors fall
under greater degrees of scrutiny by regulators, barcode-based
automation cannot scale up to reach the economies of scale
required, especially for larger organizations," noted Sarangan.
"Impinj's RAIN RFID solutions can manage supply chains containing
innumerable items and assets, at a fraction of the cost, without
interruption. The solutions reach further back down the supply
chain as hospitals, distributors, and partners all require a
unified protocol for item management."
Impinj evolved from its role as a mere component company
transforming into a complete solution and platform provider. This
growth enables it to collaborate with third-party software
applications and encourages software companies and device and asset
producers to partner with it to enter the passive automation
space.
Impinj has consistently stayed at the forefront of technology
innovation for 16 years. Overall, its emphasis on innovation and
customer centricity ensured its continued success and high brand
equity across industries.
Each year, Frost & Sullivan presents this award to the
company that demonstrates excellence in implementing strategies
that proactively create value for its customers with a focus on
improving the return on the investment that customers make in its
services or products. The award recognizes the company's inordinate
focus on enhancing the value that its customers receive, beyond
simply good customer service, leading to improved customer
retention, and ultimately customer base expansion.
Frost & Sullivan Best Practices awards recognize companies
in a variety of regional and global markets for demonstrating
outstanding achievement and superior performance in areas such as
leadership, technological innovation, customer service, and
strategic product development. Industry analysts compare market
participants and measure performance through in-depth interviews,
analysis, and extensive secondary research to identify best
practices in the industry.
About Impinj, Inc.
Impinj (NASDAQ: PI) is a leading provider of RAIN RFID
solutions. The Impinj Platform connects billions of everyday items
such as apparel, medical supplies, automobile parts, drivers'
licenses, food and luggage to applications such as inventory
management, patient safety, asset tracking and item authentication,
delivering real-time information to businesses about items they
create, manage, transport and sell. The Impinj Platform wirelessly
delivers information about these items' unique identity, location
and authenticity, or Item Intelligence™, to the digital world,
which Impinj believes is the essence of the Internet of Things. For
more information visit www.impinj.com.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in
collaboration with clients to leverage visionary innovation that
addresses the global challenges and related growth opportunities
that will make or break today's market participants. For more than
50 years, we have been developing growth strategies for the global
1000, emerging businesses, the public sector, and the investment
community. Contact us: Start the discussion.
Contact:
Jill West
Director, Marketing Communications
jwest@impinj.com
+1-206-834-1110