Economic Study Methodology for Cost Savings


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Our company is developing a non-invasive brain monitor for diagnosing and continuously monitoring various neurological conditions. Our device is positioned as a supplement to EVDs (External Ventricular Drains) and as a way for physicians to immediately understand if there is any abnormalities in intracranial brain pressure (from a TBI, stroke, hydrocephalus, etc.).

We believe our device has the ability to reduce the amount of days a patient is kept in the Neuro ICU if it can accurately determine that an EVD is no longer necessary. We also believe that we have the possibility to reduce unnecessary follow up imaging (Head CT & MRI) in certain cases.

We want to conduct a study to understand the potential cost savings our device could produce for hospitals. What is the necessary methodology to arrive at the end goal of "Cost Savings" in dollar figures?