TABLE 4.
Health Care Savings | Number of Events | Cost Per Event | Total Savings |
---|---|---|---|
Clinic outpatient visit avoided | 10,313 | $162.00 | $1,670,706 |
Specialty office visit avoided | 1,346 | $207.00 | $278,622 |
Employee work days saved | 277 | $240.00 | $66,480 |
Laboratory service avoided | 240 | $22.45 | $5,388 |
Urgent care visit avoided | 144 | $121.24 | $17,459 |
Emergency room visit avoided | 211 | $755.00 | $159,305 |
Hospital admission avoidedb | 41 | $16,983.00 | $696,303 |
Nursing home admissions | 3 | $6,398.00 | $19,194 |
Home health visit | 1 | $392.84 | $393 |
Total | 12,576 | $2,913,850 |
a Reflects services provided to 9,068 patients in 33,706 encounters from September 1998 through September 2008. Savings were calculated as the number of events avoided by MTM, as estimated by the MTM pharmacist and validated by external review, times the average costs of services at Fairview Health Services in the second quarter of 2008.
b Cost per event is the average cost of a hospital admission in Fairview Health Services in the second quarter of 2008.
MTM = medication therapy management.