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Short Term Cost Analysis In Nursing

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According to a study in 2013, a randomized trial was performed at an inpatient hospital with acute and rehabilitation patients of 1,206 beds in Australia. An examination of incremental cost-effectiveness was completed during the time of a patient’s hospitalization in 2008 using Australian dollar as the values (Haines et al., 2013). An intervention was established using a patient teaching program through audiovisual aid along with skilled health specialists to explore reducing fall risks in a cognitively intact hospital patient. A short-term cost analysis per patient who presented to be a fall risk but was also cognitively intact might have a cost of $14,591 along with the cost for the patient teaching program of $526 (Haines et al., 2013). The study presented an effective case for the implementation of the teaching program to help decrease falls in cognitively intact patients which would also reduce costs for the health care facility. …show more content…

Interventions were recognized that should be implemented in the plan to focus on including the use of alarms on the patient’s beds to help notify health care personnel, bracelets for identification, protection on floors, restraint protocols when necessary, and hip protectors to prevent broken hips when a fall occurs. A fall risk team put together personalized care plans for each patient with their risk factors and a falls champion was located at each hospital to teach information and metrics in a continuing method. After a 2-year period of an implementation of the fall prevention plan, a decrease of 58.3% was seen in falls with a reduction of $776,064 in potential costs in 2013 (Trepanier & Hilsenbeck,

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