Healthcare Technology with an ROI Shouldn’t Be the Exception
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The Proven Value of the Etiometry Clinical Intelligence Platform
Today’s hospital administrators face complex challenges, from improving patient outcomes and quality of care to reducing staff turnover and burnout to keeping healthcare technology up to date. And they have to do it all while ensuring the organization is fiscally responsible.
In a tough financial environment, where the cost of care is high across the board, managing an ICU is especially challenging. As one of the most complex and expensive departments in the hospital, the ICU must deliver patient care efficiently — not just to achieve the best outcomes, but also to keep operations flowing smoothly with shorter lengths of stay and minimal ICU overflow.
That’s why demonstrating an ROI is paramount when selecting new tools and platforms. No matter how much the clinical team may like a new technology, it also has to make sense financially and operationally. And broad claims aren’t enough—you need solid data to justify making an investment.
A fitting example of technology that yields compelling ROI is Etiometry’s clinical intelligence platform. The platform automates the efficient escalation and safe de-escalation of care workflows in ICU environments. Etiometry provides insight into patient physiology to help clinical teams deliver care that enhances quality and reduces costs – and also has the clinical outcomes data to demonstrate the value of utilizing the solution.
Evidence-Based ROI with Etiometry for Case Review
Etiometry’s ROI model is largely based on published clinical studies that have directly assessed Etiometry’s technology in real-world applications. Those studies show that use of the Etiometry in the ICU is associated with compelling clinical, operational, and financial benefits.
In addition, the platform’s Quality Improvement App enables hospital customers to analyze their data or utilize automated reporting capabilities to analyze outcomes and clinical performance around key performance indicators (KPIs) so that hospitals can engage in continuous quality improvement practices.
Bottom-Line Benefits of Etiometry Utilization
Integrating Etiometry into your ICU’s workflow can result in a number of benefits:
- Reduced Length of Stay
Studies have found that ICUs saw LOS drop by 18% 1 to 36% 2 after introducing the Etiometry platform. Using even conservative estimates, an ICU that saw a reduction of 60 patient days out of 2,400 patient days annually would see a cost savings of more than $1.2 million. 3 - Fewer Readmissions
According to a 2023 study, the Etiometry platform was associated with a 41% reduction in unplanned ICU readmissions. 4 Our model shows that, due to lower occupancy rates,a 14-bed ICU could serve approximately ten additional patients each year, resulting in an additional revenue opportunity of almost $475,000 annually. 3 - Turnkey Quality Initiatives and Research
Accessible long-term storage and reporting of clinical data in Etiometry’s QI App revolutionizes the ability to measure adoption, compliance and outcomes associated with the platform’s clinical pathways to improve quality. Quality metrics Etiometry users track include average time on mechanical ventilation, ICU LOS, failed extubation, ICU readmissions, etc. Read more. - Nurse Satisfaction
Surveys found that 88% of nurses say Etiometry makes their job easier, the platform is easy to use and helps them accomplish tasks in fewer steps. In addition, 79% say Etiometry saves them time. 5 - Powering a Learning Health System
According to the Agency of Healthcare Research and Quality, a Learning Health System is an approach to healthcare that leverages real-world data and evidence to build a culture of continuous learning and improvement. Enter Etiometry’s clinical intelligence platform for high-acuity care, which serves as a foundation for hospitals to implement a Learning Health System – helping healthcare systems address critical gaps in quality studies, such as uncertainty around whether guidelines and protocols are being followed. The platform also leverages artificial intelligence to analyze data for a wide range of uses, for individual patient reports and risk analytics, to impactful multi-center research studies.
A Platform that Makes Sense
The bottom line is that early recognition of either patient deterioration or improvement can enable better outcomes and shorter stays in the ICU, leading to significant cost reduction and opportunity for increased revenue through increased throughput.
Request for value calculation of the savings and revenue opportunities that Etiometry could bring to your site.
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Citations: 1. 18% reduction in LOS: Gaies, M. (2023) Methods to enhance causal inference for assessing impact of Clinical Informatics Platform Implementation. Circulation: Cardiovascular Quality and Outcomes. 2. 36% reduction in LOS: Salvin, J. et al. (2017) The Impact of a Real-Time Physiologic Data Analytic Index on Length of Stay in Neonates Following Surgery for Congenital Heart Disease, Circulation. 3. Document on File: Etiometry ROI Calculator. 4. Gaies et al, Circulation ’23. 5. Lowry, NASA TLX survey analysis from PCICS abstract.
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