Number of Annual Avoidable Events & Costs | ||
Annual Inpatient Admissions at a 450-bed hospital | 20,000 | |
Reduction of adverse events per 100 admissions1 | 1.5 | |
Annual number of adverse events prevented | 300 | |
Annual Avoidable Costs Range | Cost Per Event | Annual Costs Avoided |
Low | $5,000 2 | $1,500,000 |
Medium | $12,000 3 | $3,600,000 |
High | $27,000 3 | $8,100,000 |
Changes in Medical Errors after implementation of a Handoff Program. Starmer AJ, Spector ND, et al. N Engl J Med.2014Nov;371:1803-1812, DOI: 10.1056/NEJMsa1405556
Costs of adverse events in intensive care units. Kaushal R, Bates DW, Franz C, Soukup JR, Rothschild JM. Crit Care Med.2007Nov;35(11):2479-83.PMID: 1782803.
American Journal of Medical Quality, p1-7, DOI:10.1177/1062860615608938
Hospital | |
Annual Inpatient Admissions at a 450-bed hospital | 20,000 |
Number of malpractice claims per 1,000 admissions1 | 0.83 |
Estimated number of annual claims | 16.6 |
% of claims reduced through the use of tools such as I-PASS2 | 18% |
Estimated number of claims reduced | 3.0 |
Average payout per claim3 | $484,000 |
Annual value of malpractice claims avoided | $1,446,192 |
Journal of Patient Safety, June 2018. Painter, Lisa M. DNP, RN; Kidwell, Kelley M. PhD; Kidwell, Richard P. JD; Janov, Cheryl BSN, RN; Voinchet, Robert G. Jr JD; Simmons, Richard L. MD; Wu, Albert W. MD, MPH, FACP. Do Written Disclosures of Serious Events Increase Risk of Malpractice Claims? One Health Care System's Experience, Journal of Patient Safety: June 2018 - Volume 14 - Issue 2 - p 87-94 doi: 10.1097/PTS.0000000000000178.
Journal of Patient Safety. Humphrey, Kate E. MD, MPH; Sundberg, Melissa MD, MPH†; Milliren, Carly E. MPH‡; Graham, Dionne A. PhD; Landrigan, Christopher P. MD, MPH. Frequency and Nature of Communication and Handoff Failures in Medical Malpractice Claims. Journal of Patient Safety: March 2022. DOI: 10.1097/PTS.0000000000000937
CRICO Strategies 2015 Annual Benchmarking Report, average indemnity of provider - provider malpractice cases.
Est. Cost of Adverse Events1 | $5,000 | $12,000 | $27,000 |
Hospital Admissions/year | Hospital Savings over 3 years | ||
10,000 | $2.2M | $5.4M | $12.1M |
25,000 | $5.6M | $13.5M | $30.3M |
50,000 | $11.2M | $27.0M | $60.7M |
Boston, MA 02108