ROI Metrics

WASTE REDUCTION

Conservative estimate: Number of surgical cases per year x average supply cost per case x 12-14% = savings per year

PERI-OPERATIVE EFFICIENCY

Conservative estimate: Number of surgery cases x $44 per case Average

ADDITIONAL CASE VOLUME

Conservative Estimate: 1-2 cases per day x 260 days = additional 260 – 520 cases

per year

CHARGE CAPTURE

Improvement projection of 10 Percent

DOOR SWINGS

Eliminated on crucial cases such as joint arthroplasty - PRICELESS

HAPPY STAFF

Enthusiastic staff adoption of platform - PRICELESS

Waste

Observations Re. Surgical Supply Waste

“Average cost of unused supplies was $953 per procedure.”
-Journal of Neurosurgery

“Medical Supplies that are in perfect, usable condition are often put out into the trash and it adds up to an estimated $765 billion per year”
-National Academy of Medicine

“Unused surgical supplies add up to more than 2,000 lbs. of waste each year in the U.S.”
-American College of Surgeons

“Biggest driver of over-budget inventory spend are medical-surgical supplies –which can account for 30-40% of a hospital’s supply expenses.”
-Becker Hospital Review

“A 2005 Study found that OR charges averaged $62/minute; excluding equipment, surgeon and anesthesia fees.”
-Journal of Clinical Anesthesia

Inefficiency

Examples of Inefficiency

In order to try to limit waste and prepare for surgery, hospitals and surgical centers have cobbled together manual processes or relied on staff experience and memory. The poor integration of these current systems results in manual exchanges of information and human error.

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5x8 Index Card

These 5x8 index cards have been the standard pick sheet/preference cards for a generation. When something changes, the line item on the card is simply scratched out and rewritten.

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