What is Snap & Go image recognition?

Snap & Go is an easy-to-use system that enables medical product identification and charge capture through image recognition technology . Full UDI information is digitally populated in the hospital’s EMR/ERP/MMIS systems: manufacturer’s name, ref no., batch\lot no., expiration date, and serial number as required by FDA regulations. SNAP&GO™ Patent-protected image recognition technology Snap & Go helps reduce sentinel events by providing safety alerts of expired and recalled items at the point of care, including external inventory. Visual proof of use is documented automatically as part of the charge/data capture process. The platform, powered by AI and machine learning, maintains a daily-updated global manufacturer catalog list database including UDI and UPN raw data, which enables the automatic charting of items used during a procedure. When the system cannot identify an item a remote human back-office team updates the missing information and corrects “bad data” on the fly, to enhance the integrity of items registered in the hospital item master and to provide more than 99% reading accuracy. Relieving the clinical team of time-consuming data entry and obtaining more precise surgery costs means capturing lost revenue through accurate charge-capture, better forecast planning and timely reimbursement.

What is a Kanban system for inventory management in hospitals?

Kanban for Healthcare offers a reliable and efficient supply management method that helps hospital replenish their medical inventory while reducing waste and avoiding counting errors. When the method is applied, RFID technology is incorporated to provide automatic re-order. There is a wide range of solutions that differ in the amount of involvement required by the medical staff. The most autonomous solution is the wireless and smart weighing bin by IDENTI Medical, which offers a portable scale with a digital display that automatically creates an inventory order according to the weight of the items inside the bin.

What is The New GS1 standard for Item Identification?

The GS1 (Global Standards 1) recently adopted a new standard for item identification that permits for the use of one of two methods to obtain GS1 compliance: barcoding or UHF RFID . Several multinational medical suppliers, including Johnson & Johnson and Boston Scientific, have opted to use UHF RFID and are now in the process of tagging all their products accordingly. IDENTI Medical provides a complete solution for the next generation of Smart Cabinets that includes advanced UHF RFID embedded in the cabinet and a seamless connection to cloud services and business intelligence-based management software, connecting all stakeholders in the medical supply chain.

What is RFID Smart Cabinet for hospitals?

RFID Smart Cabinet for hospitals is an automated inventory system developed to helps cath labs, neurosurgery, ophthalmology, EP labs, orthopedics, plastic surgery, gastro and many more operation rooms with their medical inventory management. The technology tracks at individual item level tagged items stored inside the cabinet, including batch numbers and expiration dates. The most advanced smart cabinets incorporate a new generation of ultra-high frequency (UHF) RFID tags that are capable of transmitting longer and can be covered by multiple antennas. This enables every stocked item to be read, no matter the size or placement of the items within the cabinet. TOTAL-SENSE-smart cabinet Specialization in such technology requires in-depth knowledge of RFID technology, its capabilities, and applications. IDENTI Medical is one of a few companies that has managed to provide the high level of accuracy required in the medical sector.

How to capture UDI data?

The UDI system was intended to provide easier traceability of medical devices, reduce safety errors, to fight against falsified devices, and eventually significantly improve the effectiveness of operational inventory management and waste. There are many options to record UDI data in hospitals, but today, many medical centers chose to capture UDI information through image recognition technology. The technology, which is fully utilized in various industries, has proven to be efficient and accurate because it decodes a digital image of the product without the need to rely on external tagging or a limited barcode structure. Hence the technology can pull all the relevant information—manufacturer number, serial number, batch number, expiration date—directly from the product label without human involvement, and to populate all the hospital’s software systems.

What is a healthcare inventory management system?

Healthcare inventory management, or supply chain management is an inclusive term for the group of processes by which healthcare providers are able to perform perpetual inventory tracking, purchases, orders, payments, and more. The main goal in implementing such systems in large and decentralized organizations is the ability to manage medical inventory in a single centralized management software that can synchronize all internal inventory management processes automatically, to save human resources and avoid revenue losses. One of the biggest problems in recent years is the amount of time and effort required from clinical teams. Today the goal is to develop semi-autonomous systems that do not burden the medical staff with these administrative tasks.

Why manage implant and tissue tracking with a smart cabinet?

Smart cabinets are an automatic method for managing medical inventory in healthcare organizations, which enable digital tracking and full transparency of implants, tissue and medical devices. Smart cabinets, which are based on RFID technology, can manage inventory at the item level and therefore becomes the most appropriate method for transitioning into consignment stock management. UHF RFID is the most up-to-date and accurate technology for this task due to its ability to accurately read the tags on the product regardless of the angle, orientation, or type of product.

What is automatic expiry management?

Expiration date management is a protocol which is used to ensure that surgical inventory is safe and proper before being used on a patient. Expired products have the potential to harm or cause detriment to a patient’s health. While the importance of removing expired products and supplies from hospital inventory may seem obvious, 7% to 10% of products expired sit on hospital shelves. Hospitals over the years have tried to address the problem by applying automated expiration date solutions, but the real problem begins when expiring products that were not in the original inventory planning and do not undergo validation reach the operating room theatre—emergencies that require immediate products, products that come directly from the supplier, products taken from other kits are most likely to use expired products. It is therefore important to implement an expiration validity solution that addresses these cases as well. Expiration date management is a problem for many hospitals because they continue to rely on manual processes that slow down their staff and leave too much room for error.

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BUSINESS DESCRIPTION

IDENTI Medical uses cutting edge technology to produce medical data sensing solutions for the surgical setting. Our advanced data collection tools are managed by a single AI cloud platform that converts inventory data into business information. This vital data drives through clinical, operational and financial improvements for healthcare supply chain stakeholders.

IDNT: IL

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COMPANY HISTORY

IDENTI Medical was founded in 2017 by Shlomo Matityaho, with a mission to leverage different technologies to solve healthcare supply chain challenges. IDENTI combines advanced technological expertise with an acute understanding of the supply chain challenges of the healthcare sector.

IDENTI’s unique range of products uses patented technology and has been steadily growing to include:

2018: TotalSense – a smart cabinet for medical devices, tissue and implants
2019: Narcotics Cabinet – a medication dispensing system for controlled substances and narcotics
2020: Kanban and PAR – a range of automated solutions for the management of medical supplies
2021: Snap & Go – a revolutionary, award-winning point of care data capture tool for OR and procedural rooms

The company initially focused on the local market and it’s technology is now installed in 90% of Israeli hospitals. During this time IDENTI also experienced growth in the European and South American markets, and also developed strategic partnerships with key global players, such as Johnson & Johnson, Medline, Medtronic and RiseNow.

In 2021 IDENTI went public on the Tel Aviv Stock Exchange (TASE) and were the first cloud services company in the medical field to have an IPO issued.

The focus from 2022 has been to introduce IDENTI’s cutting edge technology into the American market. This has involved setting up an experienced and talented US sales team that covers all US regions, and expanding our marketing team to enhance the company’s US digital marketing and event management. The company has been growing and developing in recent years and is now preparing for exciting times ahead.

IDENTIFYING THE

REAL PICTURE

IDENTI provides powerful data-capture solutions to create a vivid, real-time account of medical inventory and consumption. We collect data on medical implants, narcotics, and supplies, and convert it into critical business information you can use to predict future activity and performance.

COMPANY PRESENTATION

Updated 24-07-2021

BOARD OF DIRECTORS

NEIL ACKERMAN

Board Member

Neil Ackerman is Global Innovation and Transformation Executive of Worldwide Supply Chain at Kenvue with leadership experience at Johnson & Johnson, Mondelez, Amazon and Altira.

JUDITH GAL

Board Member

Judith Gal is a Board Member at ALMED Group and has forty years of extensive experience with multinational medical device companies, pharma companies and high-tech home care.

RAKEFET REMIGOLSKI

Board Member

Rekefet Remigolski is CFO at Arazim Investments a publicly-traded company on the Tel Aviv Stock Exchange. She is a lecturer of advanced courses in financial accounting.

JACOB ODED

Board Member

Jacob Oded is a Senior Lecturer in Finance at the Tel Aviv University. He is knowledgeable in many fields including IPO, corporate governance and corporate finance.

RON HYMAN

Board Member

Ron Hyman is CEO or RH Holdings and has expert knowledge on the role of the Board of Directors in public companies and a solid background in audit and financial statements.

MANAGEMENT

SHLOMO MATITYAHO

CEO & Founder, Chairman of the Board

Shlomo Matityaho is IDENTI’s founder and CEO. He is a veteran entrepreneur in the Israeli health-tech sector, with 30 years’ experience of using technology to improve operational and business processes

ALON NEGBI

VP Research & Development

Alon Negbi IDENTI’s VP Research and Development Director. Alon has 25 years’ experience of leading software teams to develop complex technology products.

SHMULIK BAKERMAN

VP Sales & Business Development

Shmulik Bakerman is VP of Sales and Business Development. His background includes senior positions as COO and Executive VP at Sarel, Israel’s GPO for public healthcare.

OR LOMNITZ

Director of Marketing & Strategic Partnerships

Or Lomnitz is Director of Marketing and Strategic Partnerships. She has successfully driven IDENTI’s global growth via marketing campaigns, digital channels and partnerships.

LIMOR BALILTI

Head of Customer Support BELILTI

Limor Belilti is IDENTI’s Head of Customer Support. She has a solid background in managing complex projects for software implementation, as well as managing customer relations.

COMPANY REPORTS/ANNOUNCEMENTS

FINANCIAL REPORTS

INVESTOR UPDATES

22-11-2023

Summoning of a General Meeting

07-07-2021

Immediate Report on Changes in the Holdings of Interested Parties and Senior Office Holders.

22-06-20210

IDENTI Healthcare – Begins Trading

KANBAN&PAR

SNAP&GO

TOTAL SENSE RFID

NARCOTICS CABINET

IDENTI PLATFORM

Investor Relations

BUSINESS DESCRIPTION

COMPANY PRESENTATION