Research continues to show that medical errors are a serious source of financial loss for hospitals across the country:
analyzed 350,000 malpractices cases, communication was shown to be a factor in 30% of cases, which represented $1.7 billion in total incurred losses.
estimated that as many as 80% of serious medical errors involve miscommunication between caregivers during transfers of patients.
Exceptionally Positive Financial Return
I-PASS program prevents ~1.5 adverse events per 100 hospital admissions per year
| Estimated Cost of Adverse Events | $5,000 | $12,000 | $27,000 |
|---|---|---|---|
Hospital Admissions/year |
Hospital Savings over 3 years |
Hospital Savings over 3 years |
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 |
| 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 |
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Free Financial Analysis
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