OPTIMIZING YOUR PERFORMANCE
AND CARE DELIVERY
IS OUR EXPERTISE.
INVESTMENT & COST SAVINGS
Managing costs is an important aspect of running any organization – which is why working with Terumo Business Edge is a great investment. We can help you implement an optimized Patient Care Pathway that increases operational efficiency, which in turn improves profitability and has led to a savings of at least $1 million in most instances.
A large part of this efficiency relies on greater use of transradial access and same-day discharge. In a large national study1, the adjusted cost for PCI that incorporated transradial access and same-day discharge was $13,389, compared to $17,076 for traditional transfemoral access with overnight observation. That’s a difference of $3,687 per procedure – money that could be used to improve other aspects of your organization.
There is no better way to achieve greater cost and operational efficiency than by modifying dated care pathways.”
AMIT AMIN*, MD
Cardiovascular Division Washington University School of Medicine
St. Louis, MO
*Dr. Amit Amin is a consultant to Terumo Medical Corporation.
COST OF VARIATION IN CARE
One of the single greatest challenges facing healthcare today is the considerable variation in the cost of care delivery. The maps below provide a perspective on the average spend for inpatient and outpatient PCI. The interquartile maps represent the variability in spend between the top and bottom 25% of hospitals within a state.
State Average of IP PCI Spend
Interquartile Range IP PCI Spend
State Average of OP PCI Spend
Interquartile Range OP PCI Spend
Inpatient/Outpatient PCI Spend images provided courtesy of Archway Health.
ECONOMICS OF CARE DELIVERY
We can help your program understand your spend and also provide you with insights as to how you compare with your competitors. There are many areas within the patient care pathway and your operational processes that lend themselves to gaining cost efficiencies.
PAYER |
CLINICAL |
PROVIDERS |
PATIENT ACCESS |
| Low cost, high quality | Increasing use of radial | Office handoffs |
IP beds |
| Consumerism demand | Procedural mix | Physician access | ED process |
| IP vs OP | Elective versus emergent outcomes | Ownership | Ambulatory strategy |
| Budget strategies | Payer performance |
DR. AMIT AMIN
Watch Dr. Amit Amin describe the benefits of an improved Patient Care Pathway, including reduced costs and improved cath lab efficiency.
Market Transformation – A Case for Clinical Delivery Standardization: Returning the Cath Lab to Profitability
Click below to view our white paper.
1. Amin A, et al. Costs associated with access site and same-day discharge among Medicare beneficiaries undergoing percutaneous coronary intervention. JACC Cardiovasc Interv. 2017;10(4):342-51.
What Would Happen to Your Hospital PCI Program Today If CMS Reimbursed for Elective PCI in the Ambulatory Setting?
Anne Beekman, RN, BSN, NEC, Senior Manager, Care Pathways