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Each year in the United States, over seven million patients present to emergency departments (EDs) with chest pain or other possibly cardiac complaints. For such patients, unnecessary hospitalizations of those truly do not have cardiac problems results in $3 billion in avoidable costs in this country each year. Yet, among these patients, still on the order of 26,000 patients are mistakenly discharged from the ED with acute cardiac ischemia (either heart attack or unstable angina pectoris, which can lead to heart attack), which doubles their chances of death. Not only are these problems of a national scale, over- and under-hospitalization is a problem in each community and in each hospital's ED.
It is estimated that greater than 70% of all healthcare providers are insured for malpractice liability risk through non-traditional coverage methods. Various forms of non-traditional coverage exist including trusts, reciprocals and risk retention groups; however, the most predominant form of non-traditional malpractice liability coverage in healthcare is the healthcare captive insurance company. There are approximately 200 such companies incorporated by US healthcare entities to support the malpractice and general liability insurance needs of the majority of academic medical centers and integrated delivery systems.
Generally these companies have a single parent owner (the medical center or integrated delivery system parent) but are designed to respond to and provide coverage for a myriad of customers, most notably employed and non-employed physicians aligned with the system. The companies have a vested interest in minimizing losses due to allegations of professional negligence, as the captive insurance company essentially is a form of self-insurance. The customers pay premiums to the healthcare captive insurance companies and those dollars and resultant investment income are the only sources of payment for malpractice settlements and verdicts.
The Risk Management solution assist healthcare organizations in taking advantage of existing products with real-time TIPIs and adding TIPI-IS quality improvement and error-reduction system to further minimize the risk of errors in the ED triage of patients with possible cardiac complaints and to facilitate their most cost-effective care. As demonstrated in clinical trials, through decision support to improve care, and through specific medical error reduction applications, TIPI Technology addresses the great need to reduce the billions of dollars spent on unnecessary or inappropriate care, while enhancing care quality and reducing errors.
For more information see:
Example 12-lead Electrocardiograph Risk Management Form [PDF]
Electrocardiograph-based emergency department risk management tool based on the ACI-TIPI: potential
impact on care and malpractice claims [PDF]
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