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Trauma Image and Management Exchange. Save Time, Save Money, Save Lives. A Real-World Example. Today’s Agenda. TIME Technology Cost Savings New England Pilot Program. The Lila T.I.M.E. Model. TIME User Interface. TIME is Money. The Business Benefits.
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Trauma Image and Management Exchange Save Time, Save Money, Save Lives
Today’s Agenda • TIME Technology • Cost Savings • New England Pilot Program
TIME is Money The Business Benefits
Repeated Imaging is costly, but CAN be reduced with the TIME Software • Nationwide spending on unnecessary imaging • 17 Billion • Costs of repeat imaging & radiological interpretation • $3,207.50
Repeated Imaging is costly, but CAN be reduced with the TIME Software • Implementing TIME will cost $600,000 • Will it pay off ??
Cost Savings • Trauma Patients: • 1,700 • Hospital Savings: • $2.8 million • New England Savings: • $33.7 million
Why Hospitals Need to Act Now • $17.2 billion for healthcare IT • $2 million annually for 5 years • Payments begin on October 1, 2011 • Up-front costs could be “reimbursed”
In Conclusion • TIME technology is straightforward yet practical • Saves hospitals between $2-$3 million per year • Can be implemented free of cost with government funds
One Final Note... “[Robert M. Zollinger’s] studies… showed that trauma surgeons were pioneers in error reduction and quality improvement long before interest in medical errors and patient safety became widespread” - Russell L. Gruen, MD