[3] Person-tracking is a highly specialized application that requires special-purpose technology, and is only workable within a specific, controlled environment.
This technology is also combined with software applications that collect, maintain, track and analyze the data and provide customized reporting of the location, status, and audit and maintenance history of each asset.
For example, Wayne Memorial hospital has saved $300,000 by tracking for infusion pumps with RFID technology that can piggyback on the Wi-Fi system already in place.
The company that performed the work for FSTC and most of the member banks is ODIN and they have a specialty RFID Asset Tracking Software.
Management providers typically offer flexible financing options, including pay-per-use, subscription or leasing models.