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cost reduction

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Opportunities for Healthcare Cost Reduction Avoidance of Adverse Outcomes Avoidance of complications Avoidance of medical errors Reduced staff accidents & injuries Elimination of unnecessary procedures Reduced liability exposure Less-invasive procedures Rapid Diagnosis & Treatment Enhanced diagnostic performance Enhanced therapeutic efficacy Quicker definitive diagnosis Anticipation & earlier intervention Procedural Efficiency Reduced hospital length of stay Reduced operating room time Ease/obviousness of product use Reduced clinician involvement Immediate equipment accessibility Rapid data recording and access Automated insurance coding & claims Economic Sites of Care Avoidance of ED/ICU admission Applicability of sub-acute care Applicability of physician-office care Applicability of home/self care Prevention Viable disease management programs Effective vaccination initiatives Home-based physiological monitoring Effective patient wellness programs Product Direct Cost of Use Reduced product cost per procedure Reduced amortized capital costs Lifetime extension of reusables Applicable generic substitution

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Page 1: Cost Reduction

Opportunities for Healthcare Cost Reduction

Avoidance of Adverse Outcomes � Avoidance of complications � Avoidance of medical errors � Reduced staff accidents & injuries � Elimination of unnecessary procedures � Reduced liability exposure � Less-invasive procedures

Rapid Diagnosis & Treatment � Enhanced diagnostic performance � Enhanced therapeutic efficacy � Quicker definitive diagnosis � Anticipation & earlier intervention

Procedural Efficiency � Reduced hospital length of stay � Reduced operating room time � Ease/obviousness of product use � Reduced clinician involvement � Immediate equipment accessibility � Rapid data recording and access � Automated insurance coding & claims

Economic Sites of Care � Avoidance of ED/ICU admission � Applicability of sub-acute care � Applicability of physician-office care � Applicability of home/self care

Prevention � Viable disease management programs � Effective vaccination initiatives � Home-based physiological monitoring � Effective patient wellness programs

Product Direct Cost of Use � Reduced product cost per procedure � Reduced amortized capital costs � Lifetime extension of reusables � Applicable generic substitution

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