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Quest Diagnostics

Patient blood management

Improve patient outcomes and healthcare costs with an effective patient blood management program

We recognize that navigating complexities within the healthcare system remains as challenging as ever, with declining reimbursements, staffing shortages, and cost margin constraints top of mind.

One area that health systems should consider that can help mitigate the above factors is patient blood management (PBM). Blood transfusion is one of the most common—and costly—inpatient medical procedures, but studies show it is not always used appropriately, adding strain to the system.3

  • Up to 40% of blood transfusions are unnecessary/avoidable3
  • Overuse costs the healthcare system $1.9B and an additional $6.1B in associated costs3
  • Transfusion is associated with an increased risk of adverse events
  • Precious blood supply is depleted from overuse

A catalyst for change: Patient blood management

A PBM program can minimize unnecessary transfusions and associated risks—leading to standardization of care for patients and donors while conserving vital, life-saving blood supplies. The benefits of an effective PBM program extend beyond patient care and positively impact health systems in several ways. PBM programs can be leveraged to:

Improve patient outcomes

by reducing transfusion exposure, transfusion-related adverse events, and mortality rates

Improve operational efficiency

by preventing disruptions to hospital operations and mitigating the impact of blood shortages

Lower hospital costs

by reducing blood utilization/expenses up to 30% over 3 years and reducing length of stay/readmissions with a dedicated anemia management program

Generate new revenue streams

with improved patient satisfaction and increased outpatient lab volumes and intravenous (IV) iron infusion (with anemia management)

 

A collaborative, stepwise approach for an effective patient blood management program

Designing, initiating, and monitoring a PBM program requires buy-in and support from many stakeholders. Our Quest Diagnostics PBM program can help you spearhead this change, standardizing care to improve quality while conserving vital blood products.

Our team is committed to collaborating with you at every stage to build a scalable program that delivers improved care, costs, and efficiencies for your health system. With an at-risk fee structure, our data- and guideline-driven solutions leverage our industry-leading expertise and innovative technological infrastructure to drive implementation and deliver value to health systems.

  • 12 clinical leaders with a combined 240+ years in PBM
  • Support from data analysts, marketing professionals, and program managers
  • Dedicated team of physicians, nurses, and support staff allocated to support the “heavy lift” of implementation
  • Proven to rapidly deliver value, with experience in 400+ hospitals
  • Tailored solutions to meet every health system’s diverse and unique needs
  • Access to hundreds of best practice PBM tools, resources, and playbooks
  • Exclusive MyBloodHealth® software for a virtual anemia management program, adaptable to any hospital size
  • Advanced Acumen Analytics for targeted PBM and transfusion metrics, analytics, and benchmarks
A framework for success

Collaboration and communication are key to implementing a system-wide PBM program. From creating site teams to implementing guidelines, we offer a robust set of services to foster engagement with providers, and drive adoption of PBM throughout your health system.

The cost and care benefits of a patient blood management program

Shifting to a PBM program can help avoid unnecessary and potentially harmful transfusions and be a catalyst for cost savings and improved care.

In 400+ hospitals over 5–6 years:a,b

aBased upon data presented in Ferraris VA, et al. Arch Surg. 2012;147(1):49-55. doi:10.1001/archsurg.2011.790.

bBased upon data from the Accumen Performance Suite.

References

1. HFMA. Health systems near their breaking point. Labor costs continue to increase while dollars collected from payers decrease. March 6, 2024. Accessed April 18, 2024. https://www.hfma.org/press-releases/health-systems-near-their-breaking-point-labor-costs-continue-to-increase-while-dollars-collectedfrom-payers-decreases.

2. Alkire MJ. For health care providers, five trends to watch in 2022. Health Affairs. January 31, 2022. Accessed March 24, 2022. https://
www.healthaffairs.org/do/10.1377/forefront.20220127.220709

3. The Joint Commission Journal on Quality and Patient Safety 2023; 49:42–52

Let's discuss how PBM can work for your health system

Schedule a call with our team to review your blood transfusion management process, and explore tailored PBM solutions for your health system.

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