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Opportunities for Healthcare Cost Reduction

Avoidance of Adverse Outcomes
  Avoidance of complications              Rapid Diagnosis & Treatment
  Avoidance of medical errors             Enhanced diagnostic performance
  Reduced staff accidents & injuries      Enhanced therapeutic efficacy
  Elimination of unnecessary procedures   Quicker definitive diagnosis
  Reduced liability exposure              Anticipation & earlier intervention
  Less-invasive procedures

      Procedural Efficiency
  Reduced hospital length of stay            Economic Sites of Care
  Reduced operating room time
                                          Avoidance of ED/ICU admission
  Ease/obviousness of product use
                                          Applicability of sub-acute care
  Reduced clinician involvement
                                          Applicability of physician-office care
  Immediate equipment accessibility
                                          Applicability of home/self care
  Rapid data recording and access
  Automated insurance coding & claims

            Prevention                     Product Direct Cost of Use
  Viable disease management programs      Reduced product cost per procedure
  Effective vaccination initiatives       Reduced amortized capital costs
  Home-based physiological monitoring     Lifetime extension of reusables
  Effective patient wellness programs     Applicable generic substitution

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Cost Reduction

  • 1. Opportunities for Healthcare Cost Reduction Avoidance of Adverse Outcomes Avoidance of complications Rapid Diagnosis & Treatment Avoidance of medical errors Enhanced diagnostic performance Reduced staff accidents & injuries Enhanced therapeutic efficacy Elimination of unnecessary procedures Quicker definitive diagnosis Reduced liability exposure Anticipation & earlier intervention Less-invasive procedures Procedural Efficiency Reduced hospital length of stay Economic Sites of Care Reduced operating room time Avoidance of ED/ICU admission Ease/obviousness of product use Applicability of sub-acute care Reduced clinician involvement Applicability of physician-office care Immediate equipment accessibility Applicability of home/self care Rapid data recording and access Automated insurance coding & claims Prevention Product Direct Cost of Use Viable disease management programs Reduced product cost per procedure Effective vaccination initiatives Reduced amortized capital costs Home-based physiological monitoring Lifetime extension of reusables Effective patient wellness programs Applicable generic substitution