Table 2.
Hospital | Cost of implementation (US dollars) | Outcomes | Cost saving |
---|---|---|---|
Sentara Healthcare (savings from 2002 to 2010) | 1 million | Reduction in mortality by 27%; decreased LOS of 17% | Reduced patient cost of $2150; average case contribution margina increased by 55.6%33,36 |
Resurrection Health Care (savings from 2007 to 2011) | 7 million | Decreased LOS of 38% | 7% reduction in blood transfusions ($11,200 in savings); estimated total cost savings of $11.5 million37,38 |
Average case contribution margin is the selling price per unit minus cost per unit. Contribution represents the portion of sales revenue that is not consumed by variable costs and so contributes to the coverage of fixed costs.
LOS = length of stay.