The Forerun ED is designed to more than pay for itself in the emergency department within the first year, and every year thereafter, by allowing existing staff and facilities to handle more patients at a lower overall cost of care. The system creates economic value in two ways: cost savings and revenue growth.
Cost Savings
The primary drivers of savings include:
- Full and correct billing
- Elimination of lost charts
- Elimination of manual chart pulling
- Reduction of dictation transcription fees
Revenue Growth
The primary drivers of revenue growth include :
- Forerun ED can reduce patient delays during peak emergency department hours by approximately 25-30%, or 30 minutes per patient; this translates to approximately 10% of peak hour bed capacity.
- Improvements in throughput and patient experience leads to increase market share through primary care physician referral flow and/or patient word-of-mouth.