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Why CFOs love Pinpoint

Don't panic, de-escalate.

Workplace violence poses a significant threat to nurses’ well-being, affecting them both physically and emotionally. Incidents of workplace violence will increase staff turnover, insurance premiums, absenteeism, and open your organization to lawsuits.

While many healthcare facilities have implemented panic alarm systems, these measures have had limited success in curbing workplace violence. De-escalation technology is different because it will give your staff the ability to get help at the first signs of agitation.

Implementing de-escalation technology will protect your staff and have a positive impact on your bottom line.  

Benefits.

Low maintenance cost

Our devices are hard-wired, eliminating the need for facilities people to do maintenance or change batteries.

Improve turnover rates

A de-escalation system contributes to a safer work environment. When staff feel secure and supported, they are more likely to stay with the organization, reducing turnover costs.

Reduced lawsuits and legal costs

By effectively de-escalating situations, organizations can minimize incidents that lead to legal claims. Fewer lawsuits mean lower legal expenses and potential settlements.

Incident logging

If an incident does occur, all relevant information can be recorded in a secure incident log. 

Compliance and regulatory advantages

Properly handling incidents through de-escalation ensures compliance with legal and regulatory requirements. Avoiding penalties or fines positively impacts the bottom line.

Usage log

Each time the device is used to activate your de-escalation protocol or emergency protocol, the date, time, and location will be recorded in a secure log.

Zero IT overhead

Our technology operates independently of your IT infrastructure. There’s no need to upgrade, modify, or maintain your infrastructure to use our solution. 

Absenteeism mitigation

De-escalation techniques help prevent workplace violence and traumatic incidents.

No monthly device fee

Our devices are not subscription-based. After the initial purchase, there are no monthly fees associated with using the device.

Benefits

Technology Maintenance Cost

Eliminate the need to hire someone specifically for technology maintenance.

Improve Turnover Rates

A de-escalation system contributes to a safer work environment. When staff feel secure and supported, they are more likely to stay with the organization, reducing turnover costs.

Reduced Lawsuits and Legal Costs

By effectively de-escalating situations, organizations can minimize incidents that lead to legal claims. Fewer lawsuits mean lower legal expenses and potential settlements.

Legal Documentation

The Pinpoint Management Portal logs serve as crucial evidence in legal matters.

Compliance and Regulatory Advantages

Properly handling incidents through de-escalation ensures compliance with legal and regulatory requirements. Avoiding penalties or fines positively impacts the bottom line.

Return on Investment (ROI)

Consider the financial gains and efficiency improvements.

Total Cost of Ownership

Despite higher initial costs, a solution with lower Total Cost of Ownership can be more cost-effective over time. By factoring in ongoing expenses, maintenance, and efficiency gains, organizations often find that the seemingly pricier option delivers better value in the long run.

Absenteeism Mitigation

De-escalation techniques help prevent workplace violence and traumatic incidents.

FAQs by CFOs.

What effect does the system have on employee turnover rates?

Exposing nurses to workplace violence affects their psychological, emotional, and physical health, which will decrease their quality of life and increase their turnover intention. Nurses who have experienced or been exposed to workplace violence in any form have significantly higher turnover rates than those who have not experienced workplace violence.  Workplace violence causes victims to experience anxiety and induces them to become dissatisfied with the hospital or tasks assigned to them. Many respond by changing their career paths, relocating to safer facilities, or leaving the profession.