There have been many studies showing the cost savings of real-time patient monitoring:
- St Joseph/Candler Hospitals – Joseph’s/Candler Hospitals (SJ/C) reduced opioid-related events with patient-controlled analgesia (PCA) pumps. The hospitals have been “error-free” for more than 10 years since using “smart” PCA pumps with integrated capnography. Although a human life should never be measures in dollars and cents, SJ/C calculated that their decision made great financial sense: SJ/C estimated a 5-year return on investment (ROI) of $2.5 million and that they saves an estimated $4 million in potential expenses averted (not including potential litigation costs).
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