Quantify the true cost of adverse events, without the expense and limitations of medical record review.
Apply costing process
Calculate the cost of encounters with adverse events (fed in from an Incident Management System) and compare them with the cost of similar encounters without adverse events to determine the cost of the adverse events.
- Tackle most expensive and frequent problems
By reviewing regular reports detailing the patient level cost of adverse events, you can identify the most expensive and frequent issues. By resolving these big issues, you can reduce unnecessary costs and make the most difference to improving patient safety & service quality.