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.
Annual Savings of Malpractice Claims
Annual Savings from Costs Avoided
I-PASS program prevents ~1.5 adverse events per 100 hospital admissions per year
Est. Cost of Adverse Events 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 | $5,000 | $12,000 | $27,000 |
Hospital Admissions/year | Hospital Savings over 3 years | ||
10,000 | $2.2M | $5.4M | $12.1M |
25,000 | $5.6M | $13.5M | $30.3M |
50,000 | $11.2M | $27.0M | $60.7M |
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