A survey conducted by the American Hospital Association reports that 7 out of 10 hospitals have seen a decline in their financial health over the recent years. Demand and hospital expense is increasing but reimbursement is declining and there are fewer donations/investments being made. In order for a hospital to maintain viability, they must focus on improving patient care and reducing operating expense.
Management of pain is a central issue in the delivery of high quality patient care. Intravenous patient-controlled analgesia (IV PCA) with opioids is common; however it carries significant risks and costs. The cost of IV PCA errors was $388 million in 200416. A product that allows for accelerated post-surgical recovery and a decrease in post-op pain and narcotic use may reduce the risk of these IV PCA errors and may also reduce hospital length of stay and save the hospital an average of $1,000/day.17,18,19
SofPulse provides a solution that will improve patient outcomes and provide operational and financial benefits to the hospital. SofPulse facilitates the natural recovery process with improved outcomes and reduced cost.
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16.Meissner, Nelson & Hicks, 2009
17.Taheri PA, Butz DA, Greenfield LJ. Length of stay has minimal impact on the cost of hospital admission. J Am Coll Surg. 2000;191:123�130.
18.Rothberg MB, Abraham I, Lindenauer PK, Rose DN. Improving Nurse-to-Patient Staffing Ratios as a Cost-Effective Safety Intervention. Med Care 2005;43: 785�791
19.Whelan C. The New Economics of Healthcare: Evaluating Medical Technologies Based on Actual Value as a Growth Strategy for Healthcare Providers. Frost & Sullivan whitepaper. 2010.