RESEARCH SHOWS THAT MEDICAL ERRORS ARE A SERIOUS SOURCE OF FINANCIAL LOSS FOR HOSPITALS ACROSS THE COUNTRY:
I-PASS Implementations Lead to Significant Reductions in Costs
Adverse events are costly, and a reduction in adverse events can result in significant savings. The insurer and the hospital share a mutual financial benefit when a standardized handoff program is implemented.
Exceptionally Positive Financial Return
I-PASS program prevents ~1.5 adverse events per 100 hospital admissions per year
Mobile users, please scroll horizontally in the table below to see potential hosptial savings with varying costs of adverse events at $5,000, $12,000, and $27,000 during a 3 year period.
|Est. Cost of Adverse Events||$5,000||$12,000||$27,000|
|Hospital Admissions/year||Hospital Savings over 3 years|
1. Costs of adverse events in intensive care units. Kaushal R, Bates DW, Franz C, Soukup, JR, Rothschild, JM. Crit Care Med. 2007 Nov; 35 (11): 2479-83. PMID: 1782803
2. American Journal of Medical Quality, p 1-7, DOI:10.1177/1062860615608938