Precision Medicine News

Predictive Analytics, Continuous Monitoring Cut Medical Costs by $535K

Medtronic’s study on respiratory depression shows a predictive analytics approach to decreasing annual medical costs.

predictive analytic

Source: Thinkstock

By Erin McNemar, MPA

- Using continuous monitoring and predictive analytics can cut medical costs by nearly $535,000 annually, according to an economic data model from Medtronic.

Specifically, continuous pulse oximetry and capnography monitoring of high-risk patients receiving opioids could significantly reduced annual hospital costs for mid-sized hospitals.

Data was collected from the PRODIGY (PRediction of Opioid-induced respiratory Depression In patients monitored by capnoGraphY) trial.