A radio frequency identification device (RFID) is a type of information technology used to improve supply chain management through an enhanced visualization of products. The RFID market in the U.S healthcare industry has been projected to be approximately $297 million and has been expected to grow at a rapid speed. RFID had a great impact on the hospital supply chain. It has been demonstrated that 30% of large healthcare organization that had IT budgets over $100 million had already deployed RFID technology. RFID is the latest technology to reduce costs by tracking both equipment and employees. This technology can also reduce medical error, thus creating a safer environment for patients.
Lu, D., Do, H., Jones, A., & Coustasse, A. RFID and its impacts to the hospital supply chain. Paper presented at the Business and Health Administration Association (BHAA) Annual Conference 2011, at the 47th Annual Midwest Business Administration Association International Conference. Chicago, Illinois. Mar 2011.