Data analysis and other policies can help reduce blood utilization, enabling hospital systems to save money and helping them increase patient safety by reducing the likelihood of complications.
A study by Premier, a group purchasing organization, found that analytics and other blood use policies had a significant impact on blood transfusions and other types of blood use.
The potential for savings across the industry could be sizable, Premier estimates. It says that one unit of blood can cost as much as $1,000, including overhead expenses and transportation costs.
