Patented biomarker for cardiac injury. 

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].

Healthcare cost savings1,2
£800.000/year
Free up bed-days1,2
2,500 bed-days/year

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.

Healthcare cost savings
£91 million per year
Free up bed-days
286,500 bed-days per year

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.

Healthcare cost savings
$664 million* per year
Free up bed-days
1,495,000 bed-days per year
References
[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)