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ADVANCING THE SCIENCE OF COMPASSION & AMPLIFYING THE ART OF SURGICAL SAFETY

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HOSPITALS' WORLDS HAVE CHANGED INHOSPITABLY

Today's sharply acute economic environment have hospital systems in critical condition
News headlines about hospital struggles
Total hospital expenses

Increased 17.5%

from 2021 to 2023
operational efficiencies

decreased 18%

between 2021 and 2023
additional expenditures

$98 billion total

2022 and 2023 alone
overall contract labor

258% increase

2023 vs 2021

We're hurting. I fact, we are bleeding in the red...

The numbers are all going in the wrong direction, and I'm concerned we're going to see more healthcare providers close as a result of the current financial reality, we must drastically cut operative expenses, do it with fewer resources, and do it in a way that is safer for patients & staff.
- JACK LYNCH -
PRESIDENT & CEO
MAINLINE HEALTH SYSTEM

HOSPITAL SYSTEMS ARE BLEEDING PROFITS and need high tech tourniquets

Many US hospitals are hemorrhaging money and require technology-driven transformation — or they will flatline.

Due to pandemic-driven macroeconomic upheaval, 2022 was the worst financial year for US health systems in over three decades. And hospital systems' fiscal brush still paints a grim picture of COVID’s impact on hospital operating margins. Consequently, US hospital systems are faced with three indubitable challenges:
1) Increasing Expenses
2) Staffing Shortages
3) Intensifying Payor-Demands

Hospital sign
Surgical team operating

DOING A LOT MORE with A LOT LESS is imperative to hospital systems survival

Surgical efficiency, staff effectivity, and procedural efficacy — have never been more critical for survival.

Currently over half of US hospitals are operating at negative margins with labor shortages & payor recompense being the predominant influences. So, hospitals are desperately trying to reduce costs to keep their operating room doors open by making deep cuts to capital equipment budgets, disposable device utilization, and staff overtime. Likewise, many procedures are progressively subject to procedure-based reimbursement capitation — demanding greater surgical performance.

Hospital systems must REDUCE UNREIMBURSED SURGICAL ERRORS

The high costs of mistakes in the operating room are devastating patients — and crippling hospital profitability.

Most hospitals' primary profit generator has always been surgical procedures — making the operating room its critical profit center. However, these profits are at significant risk due to regulatory & policy-making bodies redirecting the sequent financial burden of costly errors impacting staff & patients back onto providers. No longer are hospitals reimbursed for repeat surgeries, extended hospital stays, or worker downtime resulting from surgical mistakes & lapses in operating room safety.

Surgical team operating
Surgical team operating

MISTAKES IN THE OPERATING ROOM CAN BE TERMINAL for hospitals systems & patients

Preventable errors during surgery cost staff & patient lives — and can cost hospitals everything.

Never Events in the operating room cost lives & money. The Center for Patient Safety estimated that surgical errors cost the US healthcare system $69B annually. But since most of these costs were shifted to payors like Medicare in the past, hospital leaders haven't had strong economic incentives to improve patient safety... until recently. Now payors are saying "not any more".

Operating room staff need to EMBRACE CHANGE or BRACE FOR INSOLVENCY

When it comes to patient & staff safety — the status quo just won't cut it anymore.

Health systems must rethink & redesign their manual operating room safety processes & burdensome workflows, or they risk insolvency. No longer can hospitals afford to throw people at their problems like fungible assets. Yet durably changing entrenched practitioner behavior is easier said than done. So, in order to make the requisite changes, the consensus amongst analysts is that hospital leaders must go beyond just directing policy or offering financial incentives — they must fully embrace technology change.

Closed waiting room
Surgical team operating

It's critical for operating rooms to REDUCE MANUAL PROCESSES & COMPLEXITY ​

Hospitals need to automate error-prone manual processes & minimize system complexity — or they face expiration.

Up to 3200 discrete manual workflow steps occur during an average open-heart surgery. It’s arduous, time-consuming, and exceedingly complicated. Consequently, to keep hospitals out of the red, health system leaders are institutionalizing sweeping changes in surgical processes, procedures & policy to achieve the life-sustaining objective of safer operating rooms for patients & staff with greater levels of efficiency & efficacy.

Whether you're a surgeon, nurse, or scrub tech with passion & insight, a hospital administrator with purpose & vision, a potential partner with IP & know-how, an investor with wisdom & capital, or even someone looking for a career & calling — we want to hear from you.
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