300-bed hospital saves 3,400 hours a year with Vocera's communicator: Vocera's wearable Wi-Fi-based voice communicator is a hit at hospitals, with the 40 out of 60 of the company's customers coming from healthcare. In a study of one hospital conducted by a third party, nurses saved 1,100 hours per year and the hospital 3,400 hours a year.
If you try to do the straight math and calculate hourly wages and benefits and a figure for potential overtime, you might look at that as, at most, $340,000 ($100 per hour all in, best case). But that ignores the reason that nurses and others in a hospital need to communicate: improved efficiency in patient care can reduce complications which can dramatically reduce costs above pure wages.
And it only takes one avoidable mistake due to time that leads to a multi-million-dollar malpractice lawsuit that increases premiums hugely to make the system worth much more than a pure per hour wage replacement cost.