Wound care IT software for the management and prevention of wounds, including pressure ulcers and chronic wounds. Nurse built, nurse powered. Proven to help clinicians and healthcare facilities dramatically reduce pressure ulcer incidence and prevalence, improve time-to-heal, and reduce re-hospitalizations.
2. The Challenge: Pressure Ulcers Take a Massive Toll ” “ Long-Term Care Hospitals Face Little Scrutiny New York Times | February, 2010 Study Finds No Progress in Safety at Hospitals New York Times | November, 2010 60,000deathsper year in the US are due to pressure ulcer complications New England Journal of Medicine The average treatment cost per pressure ulcer is $43,180, costing the US $11 Billion per year Centers for Medicare and Medicaid Services (CMS) ” “
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4. majorityfall below the CMS minimum of 2.75 hrs/day: 22% had a high rate of avoidable hospitalization 46% had a high rate of pressure sores Centers for Medicare and Medicaid Services, 2001
5. The Challenge: Pressure Ulcers Waste Lives and Resources Everett, WA Nursing Home Owner Settles Case For $3.5M January 20, 2011 Christus St. Vincent Regional Medical Center (NM) Slapped With $10.3MPenalty in Bed Sore Lawsuit February 11, 2011 25%Turnover Among Christus St. Vincent Nurses, LowerThan Prior Year February 27, 2011 RN turnover at nursing homes is 50%
6. The Market “Long-term care is the poster child for the cause of technology-enabled transformation in healthcare.” “2007 Report to the National Commission for Quality Long-Term Care” -BearingPoint Key Statistics: 16,000+ Skilled Nursing Facilities & Long Term Acute $22 Billion Healthcare Info Technology Market Paper-based regime Low IT penetration: 2% spent/yr on Healthcare IT RNshortage: 50% turnover
7. The Impact of Pressure Ulcers on the Market Pressure Ulcers: The Elephant in the Room High Prevalence: 1.5 Million new pressure ulcers / year High Cost: $11-$13B / $38-60K to treat each pressure ulcer* High Risk: 60,000 deaths per yr / #2 reason for lawsuits Pressure Ulcers Are ENDEMIC Aging population (Graying Boomers) Pressure Ulcers Are URGENT Increase hospital stays by 80% Increase mortality by 9% *stage III-IV
8. The Solution: WoundRoundsTM WoundRoundsTM mobile solution drives wound prevention and wound management RNs use PDAs bedside SaaS-based user-friendly reports
9. Real-World Clinical ROI: Pressure Ulcers of Every Stage Decline PRESSURE ULCERS wound costs /day: Stage I $ 24 Stage II $ 47 Stage III $ 99 Stage IV $175 DTI/Other $ 50
10. Hard-Dollar ROI: Bottom Line AND Top Line IMPACT $100k $40k $70k $70k $40k $100k MARGIN!
11. Mission Impact: Raving Fans "Once you begin using WoundRounds™, you don't want to let go of it!" – Administrator “It is truly amazing what WoundRounds™ has done for us.” – Administrator “What used to take me hours, days and weekends, now takes me minutes. I don’t worry anymore. When you use WoundRounds™ you know you are on-target, on top of things.” – Wound Care RN “With WoundRounds™, we are catching wounds earlier in the patient's stay.” – Administrator “There is nothing out there like WoundRounds™” – Director of Nursing
Defining the Problem: Managing vulnerable patients who are risk for pressure ulcers (bed sores)—specific focus today is in nursing homes. The problem is: Significant, Permanent and Urgent Aging population Cost to heal a single Stage II or IV Pressure Ulcer ranges for $38-60K Reimbursement is fixed under Medicare and Medicaid) Risk & liability Avoidable or Unavoidable?
Defining the Problem: Managing vulnerable patients who are risk for pressure ulcers (bed sores)—specific focus today is in nursing homes. The problem is: Significant, Permanent and Urgent Aging population Cost to heal a single Stage II or IV Pressure Ulcer ranges for $38-60K Reimbursement is fixed under Medicare and Medicaid) Risk & liability Avoidable or Unavoidable?
Defining the Problem: Managing vulnerable patients who are risk for pressure ulcers (bed sores)—specific focus today is in nursing homes. The problem is: Significant, Permanent and Urgent Aging population Cost to heal a single Stage II or IV Pressure Ulcer ranges for $38-60K Reimbursement is fixed under Medicare and Medicaid) Risk & liability Avoidable or Unavoidable?