#United States #Baltimore #Healthcare Technologies #WarrantyTracker #InVita

InVita Healthcare Technologies Expands WarrantyTracker Adoption in Hospitals

InVita Healthcare Technologies, known for its innovative software solutions in Human Biologics and Health & Public Safety, has recently announced a significant increase in the adoption of its WarrantyTracker software across healthcare facilities throughout the nation. With more than 20 new healthcare facilities licensing the solution in the past two years, nearly 100 hospitals are now leveraging WarrantyTracker to enhance patient safety, optimize compliance, and streamline the management of implanted devices.

Addressing the Challenges in Warranty Management

Hospitals have historically struggled with manual and fragmented processes related to warranty claims. These cumbersome processes require coordination between various departments, including clinical, supply chain, billing, and regulatory teams, complicating compliance with strict Centers for Medicare & Medicaid Services (CMS) and Office of Inspector General (OIG) requirements. To mitigate these challenges, WarrantyTracker automates complex workflows and tracks claim statuses for all types of devices.

The evolution of WarrantyTracker reflects the growing needs within healthcare environments, where hospitals must actively pursue warranty credits for explanted devices under a manufacturer's warranty. With compliance as a top priority, hospitals must determine which claim credits apply to CMS and ensure they are correctly coded for Medicare reimbursements, allowing them to maximize credit recovery while reducing audit risk.

Comprehensive Lifecycle Management Solution

Originally designed to facilitate warranty claims management, WarrantyTracker has evolved into a comprehensive explant management solution. It now supports the full lifecycle of implanted devices, encompassing everything from product registration and adverse event reporting to real-time recall visibility. The software enables hospitals to register devices with manufacturers, document and report adverse events directly, and identify recalled devices effectively—all within a single platform.

This comprehensive approach ensures that investigations are conducted promptly, documentation is thorough, and manufacturers follow up on issues raised by hospitals, all while maintaining a focus on patient safety and compliance.

Evolution of Functionality Enhancing Compliance

Todd Collins, President and CEO of InVita Healthcare Technologies, emphasized the importance of this evolution in the context of increasing demands for compliance and patient safety in hospitals. “As hospitals face growing demands around compliance, recalls, and patient safety, we are proud of WarrantyTracker's evolution into a comprehensive management solution that meets those needs,” Collins stated.

The functionality of WarrantyTracker includes features that allow for full electronic documentation aligned with OIG and Recovery Audit Contractor (RAC) standards, making it unique as the only complete solution that guarantees compliance across all device types, both in-process and completed. The platform integrates seamlessly with hospital Electronic Health Records (EHRs) and medical device manufacturers to provide daily updates on claim statuses and connect claims to patient records. This feature streamlines the submission process and improves accuracy through 100% electronic submissions using EHR-derived data.

Conclusion

In summary, the expansion of WarrantyTracker throughout healthcare facilities marks a critical advancement in medical device management, significantly enhancing compliance, patient safety, and operational efficiency. As the healthcare landscape continues to evolve, solutions like WarrantyTracker are instrumental in helping hospitals navigate the complexities of implanted device lifecycle management and ensure the safety of their patients. The future of warranty management is here, and it’s geared for accuracy, efficiency, and a heightened focus on safety across the board.