NYMBL IN HEALTHCARE – LOW TOUCH, HIGH IMPACT POPULATION HEALTH
Nymbl, Balance Improvement and the Benefits of Population Health Improvement
Nymbl’s approach to falls prevention is on population health basis. This is the only way to truly move the needle. We are not a balance class. Our system treats balance as a vital sign, that works within all areas of a healthcare organization – Primary Care, In Patient, Out Patient, Physical Therapy, Community Outreach, to enable detection of patients at risk and allow appropriate and cost effective interventions.
The Case for Implementing Nymbl
The case for implementing Nymbl as a strategic partner to reduce falls and the cost of care starts from the overwhelming statistics about falls in the United States.
Population Health Fall Statistics
• 1 in 4 Americans aged 65+ report falls each year. Research indicates the true number is closer to 1 in 3. 50% of fallers fall multiple times per year.
• Every 11 seconds, an older adult is treated in the emergency room for a fall; every 19 minutes, an older adult dies from a fall.
• Falls are the leading cause of fatal injury and the most common cause of nonfatal trauma-related hospital admissions among older adults.
• Falls result in more than 2.8 million injuries treated in emergency departments annually, including over 800,000 hospitalizations and more than 27,000 deaths.
• In 2015, the total cost of fall injuries was $50 billion. Medicare and Medicaid paid 75% of these costs.
• The total cost of fall injuries is expected to continue to increase as the population ages and may reach $67.7 billion by 2020.
Individual Fall Statistics
• The average 65+ senior falls 0.65 times per year. Knowing that 1 in 3 older adults fall every year suggests that “fallers” have on average 1.95 falls per year.
• 1 in 19 falls requires hospitalization2 with an average cost of $39,000, and 1 in 6.4 falls requires an ED visit with an average cost of $3,000. The weighted average cost of a fall is $2,522.
With statistics like these it is clear that any reduction in falls will have a significant impact on the population.
The Nymbl Healthcare Partnership ROI
Implementing Nymbl in your healthcare organization can provide a significant cost reduction and corresponding ROI. Here’s an example based upon an intervention with 1500 patients:
Nymbl has demonstrated reduction in fall risk according to the CDC’s standards by 50%. In a population of 1500 persons, 1/3 of them will be fallers, falling an average of 1.95 times per year. Reducing this by 50% leads to:
Falls prevented = 487
Cost prevented = $2,522 cost/fall x 487 falls prevented = $1,229,475
These cost savings can create a high multiple ROI for the organization, which we would be happy to calculate with you.
If you would like to discuss how Nymbl can reduce costs while improving your population health, we’d love to develop a plan for your organization. Please contact us for complete details.
NCOA Falls prevention facts: https://www.ncoa.org/news/resources-for-reporters/get-the-facts/falls-prevention-facts/
Hirsch CH, Sommers L, Olsen A, Mullen L, Winograd CH. The natural history of functional morbidity in hospitalized older patients. J Am Geriatr Soc. 1990;38:1296–303.
Falls in older people: epidemiology, risk factors and strategies for prevention. Age and Aging 2006; 35-S2: ii37–ii41