Cost of Patient Care – Today’s Need For A Blood Volume Monitor

According to federal government figures, 3.5 percent of the $137 billion Medicare inpatient expenditure in FY 2009 equates to $4.4 billion spent on care associated with adverse events 1.

An estimated 13.5 percent of hospitalized Medicare beneficiary’s experienced adverse events during their hospital stays 1.

Physician reviewers determined 44 percent of adverse events and temporary harm events were clearly or likely preventable 1.

Preventable events were most commonly linked to medical errors, substandard treatment, and inadequate patient monitoring or assessment 1.

At Zynex® Monitoring Solutions a blood volume monitor is being developed to assist physicians and hospital staff in the early detection of blood loss. The blood volume monitor is designed to enhance overall patient care and assist in reducing the cost of patient care:

• Enhancing patient safety – lowering risk of human error in quickly assessing total blood loss.

• Increasing efficient use of clinician time – assisting in elevating the level of informed decisions.

• Helping to avoid expensive, preventable adverse events – early clinical intervention.

References:

1. Department of Health and Human Services – Office of Inspector General – ADVERSE EVENTS IN HOSPITALS: NATIONAL INCIDENCE AMONG MEDICARE BENEFICIARIES.