Medication History Hospital Value Calculator

Surescripts electronic medication history helps a bed hospital

50beds

5,000beds

by preventing:

Saving the Hospital $342,615 per Year

info

Customize your calculated annual hospital value of Surescripts electronic medication history data

National AverageYour Hospital

Annual Patient Admissions

National Average29,406

Nurse staff time per patient (hours)

National Average.32

Adverse Drug Event Rate (%)

National Average2%

Patient Readmission Rate (%)

National Average10.4%

Surescripts electronic medication history can save your hospital $342,614 per year, preventing

national avg: 4
Your Customized Calculation Adverse Drug Events Prevented*National AverageYour Hospital

Annual Patient Admissions

National Average29,406

Adverse Drug Event Rate (%)

National Average2%

Cost of Patient Adverse Drug Events ($)

National Average$4,685
View Calculation References *ADEs directly attributed to medication history errors that could be prevented with use of Surescripts Electronic Medication History
Annual Hospital Value = ADEs Prevented x Cost of an ADE
national avg: 7
Your Customized CalculationReadmissions Prevented*National AverageYour Hospital

Annual Patient Admissions

National Average29,406

Patient Readmission Rate (%)

National Average10.4%

Cost of an Unscheduled Readmission ($)

National Average$7,200
View Calculation References *Readmissions attributed to ADEs upon discharge due to medication history errors that could be prevented using Surescripts Electronic Medication History
Annual Hospital Value = Readmissions Prevented x Cost of an Unscheduled Readmission
national avg: 5,364
Your Customized CalculationStaff Hours Saved*National AverageYour Hospital

Annual Patient Admissions

National Average29,406

Nurse staff time per patient (hours)

National Average.32

Hourly wage of a registered nurse

National Average$33.23
View Calculation References *Nurse staff hours spent manually compiling medication histories, that could be prevented usinig Surescripts Electronic Medication History
Annual Hospital Value = Unnecessary nurse staff hours x Hourly wage of a registered nurse

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Contact your EHR to find out about getting Surescripts Medication History for your hospital.

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Surescripts Medication History for Hospitals

Surescripts Medication History service helps hospitals and emergency departments perform a more complete, accurate and efficient medication reconciliation process, a critical part of helping to reduce costly adverse drug events and the associated readmissions.

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View Source - Value of Accuracy

Variable Description Source
29,406 Annual Patient Admissions 29,406 Average Annual Admissions = 147,000,000 Total Hospital Admissions (www.cdc.gov)
÷
4,999 Total US Community Hospitals (www.aha.org)
2% Adverse Drug Event Rate (%) Agency for Healthcare Research and Quality (AHRQ)
79% Surescripts Medication History Coverage Rate Percentage of US patients covered by electronic medication history data on the Surescripts network
Internal Surescripts analysis
25% Accuracy Improvement with Electronic Medication History 95% electronic accuracy vs. 70% manual accuracy Lederman, Reeva. Adverse Events in Hospitals: The Contribution of Poor Information Systems
5% Preventable ADEs Due to Drug Interactions (%) 5% of all in-hospital medication errors
Food and Drug Administration (FDA)
$4,685 Cost of Patient Adverse Drug Events ($) Agency for Healthcare Research and Quality (AHRQ)
Patient Adverse Drug Events Prevented = Annual Patient Admissions x Adverse Drug Event Rate x Surescripts Medication History Coverage Rate x Accuracy Improvement with Electronic Medication History x Preventable ADEs due to drug interactions
Value of Patient Adverse Drug Events Prevented = Patient Adverse Drug Events Prevented x Cost of Patient Adverse Drug Events

View Source - Value of Accuracy

Variable Description Source
29,406 Annual Patient Admissions 29,406 Average Annual Admissions = 147,000,000 Total Hospital Admissions (www.cdc.gov)
÷
4,999 Total US Community Hospitals (www.aha.org)
10.4% Patient Readmission Rate (%) National Center for Biotechnology Information (NCBI)
1.56% Readmissions Caused by Preventable ADEs 4.5% readmission rate due to ADE x 34.6% deemed preventable = 1.56%
National Center for Biotechnology Information (NCBI)
79% Surescripts Medication History Coverage Rate Percentage of US patients covered by electronic medication history data on the Surescripts network
Internal Surescripts analysis
25% Accuracy Improvement with Electronic Medication History 95% electronic accuracy vs. 70% manual accuracy Lederman, Reeva. Adverse Events in Hospitals: The Contribution of Poor Information Systems
$7,200 Cost of an Unscheduled Readmission ($) National Association of Chain Drug Stores (NACDS)
Patient Readmissions Prevented = Annual Patient Admissions x Patient Readmission Rate x Readmissions Caused by Preventable ADEs x Surescripts Medication History Coverage Rate x Accuracy Improvement with Electronic Medication History
Value of Patient Readmissions Prevented = Patient Readmissions Prevented x Cost of an Unscheduled Readmission

View Source - Value of Time

Variable Description Source
29,406 Annual Patient Admissions 29,406 Average Annual Admissions = 147,000,000 Total Hospital Admissions (www.cdc.gov)
÷
4,999 Total US Community Hospitals (www.aha.org)
79% Surescripts Medication History Coverage Rate Percentage of US patients covered by electronic medication history data on the Surescripts network
Internal Surescripts analysis
.32 Nurse staff time per patient (hours) "Nurse time to manually compile medication history.
Hutchison K, Krause P, Walsh, A. HIE Impact – Home Medication History. April 29, 2010.
$33.23 Hourly wage of a registered nurse Bureau of Labor Statistics
Unnessary staff hours = Annual Patient Admissions x Surescripts Medication History coverage rate x Nurse staff time per patient
Total value of unnessary time spent manually compiling base med history = Unnecessary staff hours x Hourly wage of registered nurse