A Guaranteed 7:1 ROI
Hospitals face many challenges, from shrinking revenue streams to escalating costs of care to labor shortages. They’re often asked to reduce budgets in areas where they simply can’t cut any further without reducing the quality of care or laying off yet more staff. Enter E-MUSIC (End Medically Unnecessary Supplies in In-Patient Care).
What Is E-Music?
E-MUSIC is a decision-support and Solution-implementation service composed of results-oriented, proven Solutions that help hospitals reduce costs and enhance revenue. It allows hospitals to:
- Achieve savings faster, less expensively, and easier than ever before—affordably.
- Cut costs with no layoffs.
- Attain and sustain a high ROI. E-MUSIC guarantees a return on investment (ROI) of 7:1, with an expected ROI of 9:1. (This guarantee does not apply to Plante & Moran audit clients due to restrictions by the AICPA.)
How Is This Possible?
Did you know that there are 80,000 different hospital items/resources in use nationally? That an additional 4,000 are added every year? Or that 8,000 to 40,000 of these resources are used in every hospital? It’s not surprising, then, that opportunities to reduce resource use abound, as hospitals quite simply don’t need them all.
What Kinds of Solutions Are Proposed?
E-MUSIC Solutions tend to be the kinds of things that hospitals overlook due to habit or incorrect information. For example, many hospitals provide operating-room staff with shoe covers. If you ask an average nurse why this is a policy, the answer will be, “For infection control.” However, it’s been proven that shoe covers have no effect on infection control. Hospitals, then, can eliminate 99 percent of these shoe covers, saving precious dollars in the process.
In another example, the barium sulfate currently used for upper gastrointestinal (GI) tests can be completely replaced with whole milk (for non-lactose intolerant patients), for about 85 percent savings per case. Not only are hospitals saving money, but patients are happier, as they almost unequivocally hate the taste of barium. E-MUSIC offers more than 500 of these types of Solutions.
How Does It Work?
Once a hospital has decided to participate, we send an electronic mini-assessment to top hospital staff. Their responses are analyzed via a patented program, which automatically selects and sequences the Solutions, thereby prioritizing them for the hospital. This allows hospitals to begin implementing the Solutions that will have the biggest bottom-line impact immediately.
Then, every 21 days for 2 years, the hospital receives new, high-value resource utilization Solutions with customizable implementation steps. E-MUSIC specialists provide on-site implementation consulting as well as a 24-hour help desk at www.e-music.md. In the end, each hospital receives 60 Solutions customized to its needs. To achieve the guaranteed 7:1 ROI, the hospital needs only to implement 18 of them.
In Conclusion
E-MUSIC currently serves more than 35 hospitals in eight states. Our service approach is unique in that we start with the Solution — hospitals begin saving money and solving issues from week one. It’s a one-of-a-kind Solution that offers guaranteeable savings, year after year. If that’s not E-MUSIC to a hospital’s ears, we don’t know what is.