Written by Stemming the growth of healthcare cost has become a major policy priority, as government, employers, and consumers increasingly struggle to equitably distribute resources.
Over the past two years in an era of pandemic, every society on the globe has faced mounting pressure to recognize and address stress points in medical delivery.
SeraSeal®, unlike other hemostatic agents, does not deplete budgetary funds but relieves other expenditures, allowing more patients to be treated on the same budget.
By expediting procedures and improving outcomes, SeraSeal is a sound example of cost containment.
Cost Savings Examples: (in U.S. Dollars)
Assume the following:
| Operating Theater | $10 / minute |
| Anesthesia | $5 / minute |
| Blood | $100 / unit |
| Pain medication | $2 / pill |
| Hospital room | $50 / day |
Example I – Mastectomy
| STANDARD | SAVINGS | ||
| OR | 60 minutes | 15 minutes | $150.00 |
| Anesthesia | 60 minutes | 15 minutes | $75.00 |
| Units | 0 | 0 Units | 0 |
| Medication | 15 pills | 3 pills | $6.00 |
| Hospital Room | 4 days | 1 day | $50.00 |
| Sub Total | $281.00 | ||
| SeraSeal Cost | $65 [ 1 ml ] | ||
| Total Savings | $216.00 | ||
Numbers presented are quite conservative. Nevertheless, they represent substantial savings to the patient, hospital or government for each surgical case.
Example II – Hip Replacement
| STANDARD | SAVINGS | ||
| OR | 120 minutes | 30 minutes | $300.00 |
| Anesthesia | 120 minutes | 30 minutes | $150.00 |
| Units | 2-3 | 1 Units | $100.00 |
| Medication | 21 pills | 3 pills | $6.00 |
| Hospital Room | 21 days | 1 day | $50.00 |
| Sub Total | $606.00 | ||
| SeraSeal Cost | $130 [ 2 ml ] | ||
| Total Savings | $476.00 | ||
Numbers presented are quite conservative. Nevertheless, they represent substantial savings to the patient, hospital or government for each surgical case.
Example III – Femoral Popliteal Bypass
| STANDARD | SAVINGS | ||
| OR | 180 minutes | 60 minutes | $600.00 |
| Anesthesia | 180 minutes | 60 minutes | $300.00 |
| Units | 2-3 | 2 Units | $200.00 |
| Medication | 15 pills | 3 pills | $6.00 |
| Hospital Room | 5 days | 1 day | $50.00 |
| Sub Total | $1156.00 | ||
| SeraSeal Cost | $130 [ 1 ml ] | ||
| Total Savings | $1026.00 | ||
Numbers presented are quite conservative. Nevertheless, they represent substantial savings to the patient, hospital or government for each surgical case.