So, it is not a stretch to say that 2020 has sucked, and we are all excited to get it behind us. According to the US Department of Health and Human Services the national hospital use is currently at 70.1% of inpatient beds and 60.14% of ICU beds. With story after story about how hospitals are downsizing their workforces amidst this increased national use of hospital resources, it is clear hospitals are trying to do more with less. Considering that, on average, the Operating Room generates 70% of a hospital’s total revenue and elective procedures are down 30%-55% in 2020, these further highlights that hospitals are operating in survival mode.
With a COVID-19 vaccine on the way, however, many hospitals are looking to a more optimistic dawn in 2021. Part of this forward vision is knowing that everything will not just go back to the way it was. Like so many other industries, COVID-19 has caused businesses to drastically shift and adapt, and in doing so, many of the “because we’ve always done it that way” processes are being put under the microscope. This will cause hospitals to evaluate new technology investments in 2021 and beyond.
The Driving Factor of New Technology Projects
In all lines of professional and personal life, we generally buy products or services that solve a problem we have. For most hospitals, the underlying theme of “doing less with more” is all about efficiency; therefore, hospitals will not invest in a project unless it will improve efficiency. However, becoming more efficient must be based upon actual measurable data as opposed to anecdotes.
The Justification Problem
Any expenditure of hospital resources in the form of money, human capital, and time must quickly produce measurable gains in efficiency, which can create a greater “justification burden” on department leaders seeking to fund new projects. Building a suitable business case that will fly with top hospital brass is much easier said than done, and this is where we can help relative to what we do by using patient eSignature solutions to eliminate paper.
The Common-Sense Hospital Patient eSignature Business Case
We have provided eSignature solutions to hospitals for 20 years, and we have seen many hospitals do things right, and we have seen many hospitals do things wrong. On Thursday, December 17, 2020 at 12:00 pm Eastern we will be hosting a webinar to help hospitals fully understand and quantify how much paper costs in terms of money, time, patient experience, and reputation. We will provide you with the following quantifiable and research-backed data so you can build a common-sense business case to help your hospital eliminate paper and become drastically more efficient.
Webinar Focus: Keys for Building a Common-Sense eSignature Business Case
- What paper costs you in Registration relative to money, time, and patient experience
- How lost paper Informed Consents negatively impact on-time starts in the Operating Room
- How patients perceive archaic paper-based processes and how that can negatively impact your HCHAPS scores
In addition to giving you a general playbook for forming a common-sense business case for patient eSignature, we will also provide a custom electronic signature Impact infographic for everyone who registers. Using data from Definitive Healthcare, we will show you how much paper-based processes are costing your hospital, and we will show you an ROI for an investment in eSignature technology. We will also cover some solid “do’s and don’ts” relative to pulling off a successful your patient eSignature project.
Conclusion
Because hospitals are being much more critical of any sort of technology investment, the justification for said investments needs to be realistic, potent, and quickly attainable. In this webinar, we aim to help you understand just how much paper costs your hospital and what an investment in eSignature technology can do about that. We have done the research for you; we have found multiple academic research studies that prove over and over again how damaging paper is relative to the efficiency of your hospital, and we will lay this information out there with the goal of enabling you to form a common-sense business case for investment in electronic signature technology that your executives will appreciate.
Access eForms has over 20 years of hospital specific eSignature experience across Epic, Cerner, and MEDITECH systems. If we can be of any help as you pursue, plan for, or consider an eSignature solution, please do not hesitate to reach out. It is our pleasure to help hospitals achieve their goals and provide the superior care that their respective communities deserve.
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