Held alongside the American Hospital Association’s annual meeting in Washington, D.C., a May 2 webinar examined the potential for contact-free, continuous patient monitoring to improve care while reducing economic pressures.

Sponsored by EasySense, the symposium, dubbed “Finding Top-Line Opportunities in a Bottom-Line Healthcare Market,” featured Charlie Whelan, consulting director for Frost & Sullivan, and David Bates, MD, MSc, senior vice president and CIO at Brigham and Women’s Hospital.

"Nearly one-third of U.S. hospitals have negative operating profit margins and many are seeing low single digit revenue growth," Whelan said. "Hospital executives are searching actively for opportunities to improve patient outcomes and patient satisfaction as well as create incremental revenue and deliver staff efficiency gains."

According to Frost & Sullivan, a hypothetical average U.S. hospital with 200 beds that adopts CFCM could generate more than $2 million in additional revenue, save more than $1.5 million and add approximately $2 million to its bottom line annually. This hypothetical financial model also shows operating margins increased significantly in the scenario from 2.5 percent to 3.5 percent. 

Continuous analytics report changes in the status of vital signs, which provide clinicians with data indicating the development of adverse conditions long before they become serious. CFCM has been clinically proven to reduce mortality, patient falls, re-hospitalizations, Code Blue events, alarm fatigue, pressure ulcers and length of stay.

The full symposium is available for online viewing.