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Trim the Cost and Lose the Wait

55215525The current healthcare environment shows that on average, 58% of a hospital’s assets are idle. And despite the seeming oversupply, nurses spend an average of 21 minutes per shift searching for lost equipment1. Meanwhile, one third of hospitals diverted patients from their emergency department, citing a lack of available staffed critical care beds as the #1 reason2.

In a critical shift that’s transforming the healthcare delivery pathway, hospital operations solutions are leveraging data and analytics around equipment use, patient flow and workflow to help healthcare providers optimize assets, reduce costs and wait times, and improve the quality of patient care.3

The Industrial Internet, which focuses on using technology, data and analytics to create newer, smarter systems in a tech-enabled world, is part of this tidal shift. For healthcare, this means connecting caregivers with devices and insights that help provide more informed decisions, while enabling them to spend less time navigating the system and more time caring for patients and improving patient outcomes and operational results in areas of the hospital like the Emergency Department and the Operating Room.

A major hospital system in Florida has seen significant changes by smartly using their data and leveraging asset optimization techniques. When they combined real-time patient tracking software and smarter discharge processes with a creative logistical solution for outbound patients, the 400+ bed acute care facility realized 3,156 hours of reduction in discharge time over nine months with a savings of $328,000 as well as 68% or 12,202 hours of reduction in the emergency department hold hours over that same period.4

A mutual goal of helping health systems drive further operational efficiencies through shared data and analytics has led to a new collaboration that brings GE Healthcare’s asset performance and workforce optimization solutions together with TeleTracking Technologies, Inc.’s top ranked patient flow and hand hygiene solutions. Larger data sets from multiple technology sources will provide healthcare providers with more detailed insights to improve daily operations and patient access. The collaboration also leverages both companies’ strengths in real-time location systems.

Hospitals are collecting a great deal of information and insights and have the potential to generate even more in the future with new technology, optimized assets and improved operational outcomes. When aggregated and analyzed, big data can help drive more informed decisions, harnessing the power of the Industrial Internet to drive better results and ultimately improve patient care.

 

References:  

1Out of Control, Little-used Clinical Assets Draining Healthcare Budgets Whitepaper 2012

2American Hospital Association Emergency Department Overload: A Growing Crisis. Study Conducted by the Lewin Group for AHA. April 2002.

3GE and Accenture Survey: Impact of Big Data Analytics in Healthcare for 2015

4GE Healthcare case study: Losing the wait

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