The Problem

Today's hospital environment faces a shortage of skilled clinicians, rising costs from equipment and labor, and exponential increases in patient demand.

As a result, hospitals and clinicians are under increasing pressure to manage more patients with fewer resources while achieving superior outcomes.

Reducing costs around equipment and labor, optimizing patient throughput, and improving patient outcomes are critical strategies as hospitals move to a value-based healthcare environment.

This creates an immediate opportunity for healthcare systems to embrace disruptive solutions designed to deliver care in new and novel ways. However, solving these problems will require a fundamental shift in the way hospitals deliver healthcare. Vios Medical seeks to address this multi-faceted problem by using IoT sensors and virtual patient care services to lower healthcare costs and improve patient outcomes through clinical workflow automation.

2.04Million
nurses, physicians, and allied health professionals are needed in the U.S. by 2024.1
Over50%
of total hospital operating costs and 90% of variable cost is accounted for by workforce labor expenses.2
38-65%
of healthcare spending is attributed to new medical technology.3
Up to75%
of adverse events and preventable deaths occur outside the ICU in unmonitored beds.4
  1. Center for Health Workforce Studies – Health Care Employment Projections, 2014-2024: An Analysis of Bureau of Labor Statistics Projections by Setting and by Occupation
  2. Healthcare Insights – The Evidence is Clear: Analytics is Key to Controlling Labor Costs
  3. GE Healthcare – Baptist Health Saves Millions by More Efficiently Managing Assets and Sharing Risk
  4. Haraden C. Diagnostics for Patient Safety and Quality of Care. Patient Safety Executive Development Forum, Institute for Healthcare Improvement. 2014. Available from: http://www.ihi.org/education/conferences/APACForum2012/Documents/I2_Presentation_Diagnostics_Haraden.pdf

It's Time for a Revolution

The Vios Monitoring System is designed to optimize the management of patients throughout the continuum of care. Our wireless sensor, medical-grade software, and future service-based solution is anticipated to provide benefits by dramatically reducing the costs around labor and equipment, triaging patients to lower acuity, lower cost environments, enhancing clinician workforce productivity, and improving patient safety and satisfaction.

The Solution