Addressing Hospital Acquired Conditions to Reduce Medical Error Adds Value to Your Device

After 30 years[1], 2014 data shows a 17% decline since 2010 in hospital-acquired conditions (HACs). This impressive data represents a case decline of 2.1 million preventable, hospital-caused conditions. This increased safety is a result of attention by hospitals to reduce AEs due to  Medicare payment incentives and the U.S. Department of Health and Human Services Partnership for Patients (PfP) program.

These numbers are big and mean that over 2010-2014, 2.1 million fewer patients were harmed in the hospital. The result? 87 thousand lives were saved and healthcare costs were reduced to $19.8 billion in 2014. If your device could reduce health care costs to this extent, the price would become secondary in negotiations for its use in the hospital.  See more

[1]

AHRQ Partnership for Patients Web page for methods and data: http://www.ahrq.gov/professionals/quality-patient-safety/pfp/index.html.