For Healthcare Executives
Managing the Business of Infusion Safety
More than 90% of hospitalized patients receive IV therapy1. Adverse IV drug events are commonplace, costing the average facility more than 6 million annually2-5. The infusion process is complex with many moving parts. Yet, today infusion outcomes, efficiency and patient satisfaction are more important than ever before, not only for patient care. . . but also for a hospital’s financial health. On a daily basis, healthcare executives must tackle major ongoing challenges.
Rethinking Infusion Delivery
Enabling healthcare executives to place patient safety and workflow efficiency at the forefront, with a system designed to support the value of care to improve quality outcomes while reducing costs across the healthcare system
- Increase medication safety by giving clinicians an infusion system that is intuitive, interoperable, and provides safety measures throughout the infusion process
- Advance clinician satisfaction by reducing unnecessary steps and providing continual feedback/information throughout infusion delivery and maintenance
- Reduce operational costs by simplifying and proactively managing the enterprise pump fleet through a centralized, secure and remote infrastructure.
I think this product hits all the features and functions I need: patient safety (closed loop medication system), production cost reduction (ease of use and training), workflow improvements and cyber security.
IT Executive, Academic Medical Center
Did You Know?
- IV infusion is associated with 54% of all adverse drug events, 56% of medication errors, and 61% of serious and life-threatening errors.1 Averting highest-risk errors is first priority.2
- ECRI Institute publishes an annual report of Top Technology Hazards for healthcare organizations to consider in their safety efforts. The 2014 report ranks Infusion Pump Medication Errors number 2 out of the Top 10 Technology Hazards, citing a number of pump-related medication errors that may not be addressed with the use of smart pump drug libraries alone.3
- For a 250 bed hospital that operates within an 8 hospital health system, a ~$1M revenue opportunity was calculated for properly documenting actual start/stop times for infusions administered in outpatient areas.11
- A “typical” ED loses as much as $30 – $40k/month in lost infusion and hydration revenues due to improper and insufficienct documentation of procedures.12
- It is estimated that 30% of nurses on average report spending at least one hour per shift searching for equipment.13
- Infusion devices are the subject of more adverse incident reports to the FDA than any other medical technology. Between 2005 and 2009, the FDA received more than 56,000 reports of adverse events associated with the use of infusion pumps.20
- The FDA issued new guidance for infusion pumps in December 2014, “intended to improve the quality of infusion pumps in order to reduce the number of recalls and adverse events associated with their use.”21