cMyC Healthcare Economics (HECON)
Cost saving at Hospital level
St Thomas’ and Guy’s NHS Foundation Trust in UK have 840 beds, 218,000 emergency/urgent care attendances and are testing 7,800 patients per year for troponin. If high sensitivity Troponin I is replaced by cMyC on the central lab platform, the immediate discharge would increase from 15% to 32%. With this increase in discharged patients at first blood draw, they calculated that the below costs and bed-days could be saved[1,2,3,4].
Potential cost saving for NHS
NHS in the UK estimates to have around 25 million emergency admissions per year[5].
Applying the above assumption and calculation related to 25M instead of 218K emergency admissions per year would result in the following cost savings.
Potential cost savings in the US
In the US, the CDC has calculated that there are 130 million emergency admissions per year (2018) [6].
Applying the above assumption and calculation related to 130M instead of 218K emergency admissions per year would result in the following cost savings every year.
[1]: BBC (2017) https://www.bbc.com/news/health-41399159
[2]: Kings College (2017) https://cmycbiomarker.com/new-heart-attack-test-could-save-nhs-millions-of-pounds-every-year/
[3]: NHS (2020) https://www.guysandstthomas.nhs.uk/resources/about-us/who/trust-fact-sheet.pdf
[4]: Jack Marjot, Thomas E Kaier, Katherine Henderson, et al. A single centre prospective cohort study addressing the effect of a rule-in/rule-out troponin algorithm on routine clinical practice. Eur Heart J Acute Cardiovasc Care. (2019) Aug;8(5):404-411. DOI: 10.1177/2048872617746850
[5]: NHS (2020) https://www.england.nhs.uk/statistics/statistical-work-areas/ae-waiting-times-and-activity/ae-attendances-and-emergency-admissions-2020-21/
[6]: CDC (2020) https://www.cdc.gov/nchs/fastats/emergency-department.htm
* Using Exchange rate £1 = $1.39 (2021-03-12)