InnerSpace's SpaceTRAX® plus RFID Awarded Novation Contract for Innovative RFID Clinical Inventory Management Systems

Grand Rapids, Mich. (Nov. 5, 2009) -- Stanley InnerSpace, a market leader in storage and inventory solutions for the healthcare industry, announced that SpaceTRAX has been awarded the Novation contract to provide RFID and barcoding clinical inventory management solutions to its members.

Novation is the healthcare industry's leading supply contracting company, providing savings to members and affiliates of VHA Inc., the University HealthSystem Consortium, and Provista.

The contract affords administrators flexibility in creating a cost-effective and easy-to-manage clinical inventory process. SpaceTRAX, a simple-to-use, web-based solution tracks clinical inventory utilizing manufacturer barcode labels and allows for adding on RFID-enabled carts to securely store and automatically account for high-dollar implants and clinical inventory.

"After an extensive review process, we are very excited to be awarded the Novation contract," says Melissa Evans, InnerSpace's director of SpaceTRAX sales. "We look forward to providing Novation members with a flexible solution that will help reduce costs, eliminate waste, and increase revenue and profitability."

SpaceTRAX plus RFID is available for no upfront capital which allows for an immediate and high return on investment. The innovative solution provides many operational benefits including optimized workflow, increased charge capture, expiration management, and valuable usage reports by patient and physician. SpaceTRAX fits easily within existing clinical workflow and can be utilized independently or interfaced into existing hospital information systems.

The Novation contract is effective for three years starting Nov. 1, 2009.

About InnerSpace
InnerSpace, a division of The Stanley Works, is a market leader in storage and inventory solutions for the healthcare industry. For more than 20 years, Stanley InnerSpace has specialized in providing storage cabinets and casework, open shelving and storage racks, mobile supply and procedure carts, and clinical inventory management/RFID systems to medical facilities worldwide. Stanley InnerSpace is headquartered in Grand Rapids, Mich. For more information, call 800.900.4714 or visit StanleyInnerSpace.com.
InnerSpace, a division of The Stanley Works, is a market leader in storage and inventory solutions for the healthcare industry. For more than 20 years, Stanley InnerSpace has specialized in providing storage cabinets and casework, open shelving and storage racks, mobile supply and procedure carts, and clinical inventory management/RFID systems to medical facilities worldwide. Stanley InnerSpace is headquartered in Grand Rapids, Mich. For more information, call 800.900.4714 or visit StanleyInnerSpace.com.