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Driving ROI: The Business Case for an Alarm Management / Patient Safety Solution White Paper

July 13, 2021

The goal of this white paper is to highlight examples of operational and business benefits that can be realized with an alarm management / patient safety solution. Hobson & Company, a research firm focused on Return on Investment (ROI) studies, conducted in-depth, one-hour interviews with existing Ascom customers, testing and confirming the sources of value generated by an Ascom solution, and collecting data points to quantify the impact post-Ascom implementation.

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After applying Ascom solutions, customers revealed their resulting data with these Alarm Management / Patient Safety challenges:

  • Reduce time spent responding to alarms
  • Reduce time spent on alarm data collection and analysis
  • Help increase capacity / throughput
  • Consolidate multi-vendor tools and integration efforts
  • Help reduce the number of preventable codes / patient deteriorations
  • Help reduce the risk of patient falls
  • Help improve patient satisfaction ratings
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Key data reported and ROI findings presented:

  • Percentages reported and key ROI findings presented:
  • Reduction in the number of alarms that require response
  • Reduction in time spent on alarm data collection and analysis
  • Increase in the number of patients admitted per month
  • Reduction in IT support time, integration support, hardware maintenance, and software subscription costs
  • Reduction in preventable codes / patient deteriorations
  • Reduction in the number of patient falls
  • Increase in revenue/ reimbursements due to improved patient satisfaction
  • 5-Year net present value (NPV) and return on investment (ROI)
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Read about what Ascom customers identified as the top benefits of an alarm management / patient safety solution in the areas of streamlining processes, improving quality of care and safety, and enhancing patient experience and how these challenges were addressed and delivered measurable results and a strong return on investment.

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