There are 134 million patient safety events that occur each year, resulting in $20B in annual costs. (1) Patient safety technology supports healthcare organizations in their efforts to prevent patient safety events and yields the following outcomes:
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Patient safety programs can have a meaningful impact in making care safer and reducing costs through the Prevention of Healthcare-Acquired Conditions (HACs) (1).
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A New Era of Healthcare
The models of care used by healthcare organizations have evolved over time. One of the most significant healthcare paradigm shifts in the past decade is the introduction of a new reimbursement model known as value-based care.
Where the traditional fee-for-service model rewarded organizations that treated the highest number of patients, the value-based care model now rewards organizations that provide the highest-quality care (1).