New Study Finds Minimally Invasive Procedures Lower Healthcare Spending And Restore Worker Productivity
WASHINGTON, March 21, 2013 /PRNewswire/ -- Minimally invasive procedures significantly lower health payer costs and result in fewer missed work-days when compared to open surgery, according to a study published this week in the Journal of the American Medical Association (JAMA) Surgery. Of six procedures examined, the percutaneous coronary intervention (PCI) arm of the study drove the cost savings. This is an important finding, considering that heart disease remains the leading cause of death and disability in the United States and accounts for considerable expenditures in healthcare services, medications and lost productivity.
This analysis of real-world healthcare spending also showed:
- PCI – a minimally invasive procedure to open blocked heart arteries – had the most dramatic cost savings when compared to open heart surgery, saving health payers $30,850 per patient, and 37.7 fewer work-days missed per patient over the course of one year.
- A cost savings of $12,031 and 16.6 fewer absent days from work, per patient, for peripheral revascularization, a non-invasive procedure to restore blood flow to the arteries that supply blood to the body's arms and legs.
- Collectively, the minimally invasive procedures analyzed in the study reduced health plan expenditures by more than $8.9 billion and another $2.2 billion in reduced workplace absenteeism over a one-year period nationally among adults with employer-sponsored health insurance.
"This study addresses the societal value of minimally invasive care," said Cindy Grines, MD, FSCAI, SCAI Trustee, and Vice President of Clinical and Academic Affairs at Detroit Medical Center Cardiovascular Institute. "We know PCI is a safe and effective option for heart disease patients, and when coupled with the data from this study, the case for interventional cardiology and minimally invasive treatment options is resoundingly clear. It saves money, gets our patients back to work quickly and improves their quality of life."
Using data from national health insurance claims and workplace absenteeism data from 2000 to 2009, the study examined the impact of surgery versus less invasive procedures on medical spending and days absent from work for nearly 352,000 patients with employer-sponsored health insurance. The study looked at six types of standard open surgery versus minimally invasive procedures, including data from 14 days before the procedure through 352 days post-procedure to determine a comprehensive understanding of the economic impact.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV