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The MX.com Brief - Solutions Spotlight: Reducing Readmissions | Sept 6, 2011
Welcome to The Brief, the MX.com newsletter to keep healthcare leaders and innovators informed on Medimetrix Solutions EXchange progress and developments.
In this issue:
- Solution Spotlight: Reducing Readmissions
- Around the MX.com Roundtable
- This Week's Poll: Shady Medication Sales with Gray Vendors
- Summer is Almost Over, But There is Still Time for a Free Vacation!
Solution Spotlight: Reducing Readmissions
The Readmission Reduction Through Glycemia Management Solution, developed by Adventist Health System, improves glucose management in the hospital inpatient environment. Effective blood glucose management is integral to high-quality and safe patient care.
Currently in-use at Adventist Health System, including the world-recognized Florida Hospital, this Solution is a composite of items to help facilitate improved glucose management in the hospital inpatient environment and enables hospitals to lower system-wide hypoglycemia incidence rates and improve patient outcomes.
Research indicates that glycemic control can reduce length of stay for diabetics by up to one day, which means in a 250-bed hospital with 13,000 admissions and 20% diabetic patients, a one-day length of stay reduces hospital days by 2,600. That would equal a savings of $650,000 if the beds are NOT filled by other admissions and could generate $4million if the beds ARE filled by 400 additional members.
We value your opinion! Please rate this Solution and share your thoughts here:
Around the MX.com Roundtable
The Roundtable is the section of MX.com where industry leaders and innovators come together to discuss industry trends and hot topics.
The following articles are currently featured on our site:
Whittle Your Waste: Strategies for Reducing Hospital Costs
A corset may be an apt metaphor for the challenges faced by healthcare administrators today. Like Victorian ladies, they seek to enhance patient engagement, boost the bottom line – and survive
the squeeze in the process. The secret – at least to coping with an intense financial squeeze – is to ...more
Costly Mistakes: How to Reduce the Cost of ER Malpractice Suits
Given the intense volume and frantic pace, it’s no surprise that emergency rooms are prone to missed or delayed diagnoses – which not only result in the spiraling costs of malpractice suits, but in some cases, to a loss of life. To reduce the risk of errors and help stem the rising costs of lawsuits ...more
Become a Roundtable Contributor
We are always looking to expand our editorial panel and submittal group. To become a Roundtable Contributor and motivate conversation between hospital executives, please contact our eNewsletter Editor, Editor@MX.com.
This Week's Poll: Shady Medication Sales with Gray Vendors
The Institute for Safe Medication Practices, an advocacy group, released a study this week reporting that half of all hospitals buy medications from backdoor and ‘gray market’ suppliers during drug shortages. Gray market vendors acquire desperately needed medications from unclear sources and resell prescription drugs for stiff profit, averaging a 650% price markup.
According to the University of Utah Drug Information Service, 211 crucial drugs were limited in availability last year. As for drug shortages so far for 2011, 180 medications have already been reported, with estimates that could double that number by the end of the year. Most of the drugs listed in short supply are used to sedate patients during surgery, to treat cancer, or to aid critical patients during emergencies.
Has your hospital or health system felt the squeeze with rising drug costs and limited medication availability?
With strikes pending in a number of states across the country, we were curious to know if your hospital or health system has ever faced a strike.
Previous Poll: Do You Worry about a Nursing Strike?
A 2010 study released by the National Bureau of Economic Research reports that nursing strikes increase in-hospital mortality by 19.4% and 30-day readmission by 6.5% for patients admitted during a strike. The study suggests that health systems and hospitals functioning during nursing strikes are doing so at a lower quality of patient care.
Has your hospital or health system ever had to deal with a Nursing Strike?
To learn how one hospital effectively prepared for a Nursing Strike, click here.
We are working hard to populate MX.com with timely and relevant topics and Solutions and we need your help! We're asking you to provide valuable feedback and thoughts on industry issues through a 5-minute, 5 question survey.
As a thank you, we will share the industry trends and responses and you will be entered for a chance to win a $3,000 Visa gift card to use as you desire, from a vacation to a philanthropic contribution to your selected cause!
We want you to take that vacation, so we've given you great odds -- Chances to win are at most 1 in 1000!
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