Studies: Patient monitoring can save $15 billion a year

Patient monitoring systems have proven to provide a better quality of care to patents, but how much are these technologies saving in both time and money?

According to statistics from peer-reviewed papers by researchers from Harvard School of Medicine and a new Frost & Sullivan report, both of which evaluated the use of the EarlySense, a contact-free continuous monitoring (CFCM) system, the savings per each patient was approximately $19,950.

EarlySense assisted clinicians in earlier detection of patient deterioration, reduced patients stays, and minimized ICU stays. Further findings included:

• 301,809 less falls.
• 1,293,469 pressure ulcer reductions.
• 17,246,250 fewer med/surg days.
• 2,701,913 less days in ICU.
• 259,556 less code blue alerts.
• 207,645 less deaths.

If these systems were to be put in all of the 750,000 hospital beds in the U.S., the estimated savings would amount to more than $15 billion a year, not including instances outside the hospital setting.

"More and more hospitals, as well as alternate care facilities, are taking advantage of the EarlySense technology to achieve improved economics and as a tool to help save lives. The powerful peer-reviewed data, as well as practical experience gained by clinicians using our technology on hundreds of thousands of patients, is why CFCM solutions are rapidly becoming standard of care in many institutions," said Avner Halperin, CEO of EarlySense. "We are excited to continue to offer the most advanced CFCM solutions to our customers in the U.S. and abroad, and to expand our reach to new facilities to help achieve positive patient outcomes and improved economics for the healthcare system."