PeriGen’s perinatal systems improve patient safety by addressing the root causes of preventable medical errors: errors of cognition and communication. Scientific literature shows that 40%-50% of birth traumas that occur in the United States each year are potentially avoidable. By reducing the incidence of complications, PeriGen systems support clinicians in improving clinical outcomes for their patients. Together with improved, measurable clinical outcomes, hospitals using PeriGen systems have decreased their malpractice exposure and reduced their self-insured reserves.
Improvement in Clinical Outcomes and Decrease in Complications
In addition to PeriBirth’s clinical decision support protocols and real-time monitoring of the patient’s changing condition, the system generates detailed reporting data. Each hospital’s clinical outcomes are benchmarked against national trends as well as against peer hospitals. With objective, comprehensive data, clinicians can truly see clinical outcomes in a meaningful context.
Hospitals have used the PeriBirth system to help them reduce and even eliminate elective inductions of less than 39 weeks; reduce the use of potentially harmful labor inducing drugs; and ensure compliance with their patient safety protocols.
A study published in the American Journal of Obstetrics & Gynecology (June 4, 2012) shows that physicians using the PeriCALM® Shoulder Screen™ experienced a 50% decrease in the rate of shoulder dystocia, with no increase in the primary cesarean rate. Depending upon preferred thresholds, its detection rates between 44.8% and 61% could translate to multimillion dollar savings for large hospital systems or insurers.
Reduction in Medical Malpractice and Decrease in Claims
With documented improvements in clinical outcomes, hospitals can demonstrate a reduction in malpractice exposure which enables them to lower their self-insured reserves. The Journal of Healthcare Risk Management published a 2007 article, Partnering with Technology to Reduce OB Losses, documenting MedStar Health’s recapture of their total investment in PeriGen’s clinical decision support system in less than 2 years. The ROI was realized through a $3M annual reduction in their self-insurance reserves that was directly tied to the installation of the PeriBirth solution. Additionally, MedStar, and other clients, have received 10%-15% reductions in their excess insurance premiums due to their use of the system.
One of the Top Five Large Health Systems in the country based on clinical performance according to Thomson Reuters, Banner Health posted equally dramatic results. In the eight years preceding the installation of the PeriBirth® system, Labor and Delivery was the second highest center for paid cost of claims at approximately $49M. In the two years following implementation, Labor and Delivery dropped 92% to $500,000 in paid cost of claims and fell from the second to the ninth slot.
Revenue Increase Resulting from Improved Charge Capture
A high-volume academic medical center in New York City increased its OB triage revenue substantially following the installation of the PeriBirth system.
In less than three years, the hospital recouped the cost of the system.
A flagship hospital ranked in the Top 100 Best Hospitals experienced a 9.2% volume increase in OB Triage charge capture over the two-year period following the PeriBirth system’s implementation. With an average increase of $98.00 per triage visit, the hospital enjoyed an annual revenue increase of $857,206.