* HME360, the only SaaS-based inventory optimisation platform created by HME providers for HME providers, has published a new industry study entitled Inventory and Asset Management Gaps in the HME|DME Industry.

The research, carried out by in90group Research, an independent firm specialising in healthcare industry analysis, highlights that outdated manual processes are costing HME|DME providers more than $4 billion each year through wasted labour, missed revenue, and tied-up cash flow.

Key findings from the report include:

* Annual losses exceeding $4 billion caused by excess stock, asset shrinkage, wasted staff hours, and missed sales.

*Almost 90% of providers continue to rely on routine manual counts, creating staff dissatisfaction and inefficiencies.

* 65% of providers admit to losing revenue opportunities because of poor inventory management.

* Fewer than 1 in 10 executives believe their inventory systems are operating at full effectiveness.

The study also outlines what HME leaders see as the main drivers of inventory optimisation, offering a clear path for providers seeking to replace disorder with control.

"Inventory inefficiency has become a strategic risk for HME providers," said John Skoro, Co-Founder and CEO of HME360. "Manual processes and outdated systems are draining the industry. But there is a path forward – automation, integration, and visibility are the keys to turning inventory into a strategic advantage."

"This report validates what we've been hearing from providers for years," added Bryan Hines, Co-Founder and President of HME360. "They know inventory is out of control, but they've lacked the tools and visibility to fix it. With the data in this report, leaders now have a baseline – and a roadmap – for how to finally take control."

The full report, released today on the HME360 website, gives detailed insight into where financial losses occur and how True Automation can enable providers to eliminate inefficiencies, establish inventory control, and drive business growth.

To download the full report, visit: hme360.com.

source:newsreleases.co.uk