Performing Emergency Surgeries Increases both Cost and Mortality
When was the last time you evaluated the costs associated with surgery in your hospital? More specifically, have you evaluated those costs in an innovative way? New research that was published in the Annals of Surgery has taken one angle on addressing the rising cost of healthcare, and it seems that the findings may significantly alter costs and mortality rates for years to come. This would be welcoming to an industry in which costs and better outcomes have been pushed to the forefront due to the Affordable Healthcare Act. Keep reading to determine if the innovative approach is right for your hospital.
Although the perils of emergency surgery have been well documented, the amount of those surgeries continues to burden hospitals due to the associated high expenses. Alas, these types of surgeries still must be performed; yet, a simple 10 percent reduction in three common procedures may be all that is needed to save the healthcare industry $1 billion dollars. In the research study, 621,925 patients who underwent abdominal aortic aneurysm repair, coronary artery bypass graft, and colon resection were analyzed based on both inpatient costs and charge.
The results significantly showed that emergency surgery was more costly that elective surgery by 30 percent in abdominal aortic aneurysm repair, 17 percent in coronary artery bypass graft, and 53 percent in colon resection. Given that “costs of surgical care represent 30 percent of total healthcare expenditures”, any reduction in this area can be beneficial.
Moving forward, which common emergency surgeries can you reduce by 10 percent to help shrink costs for you hospital? Do you believe that a reduction in emergency surgeries is attainable? If so, what areas would you target and why? Ultimately, the information used in our tools could aid you in decisions like these offer insight into your key perioperative performance measures. Be sure to contact us for more information on this regard.