APPROACH AND METHODOLOGY
In 2011, Servarus Systems, Inc. will re-launch its Electronic Risk Management Assistant (ERMA) web based technology incident tracking tool and its service bureau to the long term healthcare industry, thus creating 50 new jobs. This expansion will be carried out in conjunction with healthcare operators, associations, and government agencies. By deploying additional resources to the service bureau and working collectively with associations, Servarus expects more participation from healthcare operators that will in turn create and stimulate better economic conditions and improve the quality care within nursing and long-term care facilities across the country. New employees will be based in Fairfax, Virginia and will be placed in permanent roles to help track and monitor the growing number of incidents in the ERMA system as a result of our diligent effort to grow and expand ERMA.
Servarus Systems, Inc. will also partner with Brightline Interactive to develop comprehensive multimedia to further the depth and breadth of the use of ERMA. New media will include testimonials, a description and overview of ERMA, and a detailed explanation of its ability to improve quality of care. This partnership will help revolutionize how products are marketed through state of the art media tools used in educating.
IMPLEMENTATION, TIMELINE, AND DELIVERABLES
By December 31, 2011, Servarus will have added 50 + additional employees to its service bureau team and introduced ERMA to several long-term care operators, associations and government agencies.
Timeline and Key Deliverables:
By November 1, 2011 complete hiring of additional resources
3Q 2011 complete Risk Management/ ERMA white paper outlining effects of ERMA and Risk Management reporting
By end of 2011 Finalize Re-launch of ERMA through media partnerships
4Q 2011 present ERMA proposal to government agencies for review
4Q 2011 present and deploy Risk Management/ ERMA to long-term care operators
2012 Creates better economic conditions and quality of care
This timeline will be evaluated by monitoring claims among the users of ERMA and ongoing data will improve the quality of care. For example, an existing client, who will be highlighted in the Brightline Interactive piece, has seen claims reductions from $20 million annually to $5 million annually.
Due to a lack of risk management assessment tools, long term care facilities face enormous claim liabilities - the amount of insurance claims paid out as a result of accidents and other situations that a risk management tool such as ERMA can monitor. In addition, federally funded programs spend a significant amount of money for hospital stays related to accidents that occur within nursing homes.
ERMA is a risk assessment tool that identifies the types and frequency of accidents that are occurring in nursing homes. These accidents may ultimately result in hospital stays or even death due to serious injuries. Oftentimes, these preventable accidents, such as falls, result in thousands of dollars being paid out by government funded programs such as Medicare and Medicaid to cover hospital expenses, or by insurance companies paying claims. According to CDC, Medicare costs per fall averaged between $9,113 and $13,507 in 2002.
ERMA alerts the nursing home owners on serious injuries that are occurring within their facilities. The data provided by ERMA helps the owners determining the risk areas that need to be focused on in order to develop programs that will prevent recurrence. ERMA is a proven quantity to reduce claims by tracking incidents and thus predicting the propensity of future ones. It is a goal of Servarus to inform nursing home providers of the importance of utilizing risk management tools to reduce unnecessary pain and suffering of a fragile elderly population and to reduce unnecessary payments by Medicare/Medicaid and 3rd party insurance providers.
50 new jobs are being added at Servarus to grow and expand ERMA as a product of Servarus - thereby bringing ERMA to more long term care providers. To date, over three quarters of a million incidents have been logged and tracked in the ERMA database and clients have seen millions of dollars in claims reductions, thereby enabling them to meet growing demand for health care professionals.
SEEKING: Implementing Partners
Servarus always stands ready to build mutually meaningful partnerships with any related entity. Servarus is particularly interested in any partnership opportunity that could help demonstrate the effectiveness of ERMA; additionally, Servarus can consult as to best practices and is strongly attuned to any opportunity to demonstrate the potential of ERMA to have profound public policy implications via being a tool to help provide conditions to alleviate government health care spending.
Servarus can consult as to best practices and is strongly attuned to any opportunity to demonstrate the potential of ERMA to have profound public policy implications via being a tool to help provide conditions to alleviate government health care spending.