A unique computer-vision system for managing hospital operating room inventory won “Most Innovative Solution Management in Inventory Management Solutions Award in Europe 2022” from global business consulting firm Frost & Sullivan.

“We thank Frost & Sullivan for recognizing our flagship product, Snap & Go, as the most excellent solution for surgical inventory management,” said Identi Medical CEO and cofounder Shlomo Matityahu.

IDENTI Medical CEO and cofounder Shlomo Matityahu. Photo by Tamar Yanay

“The world of medicine is undergoing a revolution in the way hospitals choose to conduct their activities. Artificial intelligence technologies, data analysis and complex automations are at the heart of decisionmakers, with the understanding that only a healthy, efficient and cost-effective organization can provide better, safer and more dedicated care.”

So far, the cloud-based smart platform for managing surgical implants and narcotics inventory is used by medical centers, healthcare providers, device manufacturers (including J&J and Medtronic) and logistics companies in Israel and Europe.

According to health industry analyst Ram Ravi, Snap & Go could help US hospitals address the nearly $7.7 billion lost every year due to poor inventory tracking in ORs.

At Sheba Medical Center in Israel, more than 60 Snap & Go “smart cabinets” and associated management software have reduced the cost of excess inventory by between $2 million and $3 million.

Identi, which went public on the Tel Aviv Stock Exchange last year, recently ranked 14th in the “50 Growth Companies in Israel” ranking by Statista business data platform.