How Becton Dickinson’s Innovative Technology Saves Hospitals Money: A Case Study on Cost-Effective Healthcare Solutions




In a recent interview with CNBC’s Jim Cramer, Becton Dickinson CEO Tom Polen discussed how the company’s cutting-edge technology is helping hospitals combat rising operating costs. With labor costs being a significant expense for hospitals, Polen highlighted the importance of automation and efficiency in transforming healthcare delivery. Becton Dickinson’s innovative products have the potential to revolutionize routine care procedures by shifting them from high-cost hospital settings to more accessible spaces, such as patients’ homes. This article will delve into the various ways Becton Dickinson’s advanced medical devices and solutions are streamlining processes, improving patient outcomes, and ultimately saving hospitals money.


The Impact of Inflation on Hospitals

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As Polen explained, inflation affects hospitals more than many other industries, primarily due to the significant impact on labor costs. In an era of rising expenses, hospitals are constantly seeking ways to optimize efficiency and productivity. Becton Dickinson recognizes this pressing need and has developed a range of groundbreaking solutions to address the challenges faced by healthcare providers.


Automation and Efficiency: A Game-Changer for Hospitals


Becton Dickinson’s commitment to driving automation and efficiency in healthcare is evident through its cutting-edge technology. The company has invested in automated equipment for pharmacies and laboratories, aiming to streamline processes and reduce operational costs. One notable achievement is the recent FDA approval of a blood collection device that allows for samples to be collected through a simple finger prick. This innovative approach eliminates the need for traditional blood draws, which often require the expertise of phlebotomists and invasive procedures. Polen envisions a future where patients can conveniently collect their own blood samples in the comfort of their homes, further reducing the burden on hospital resources.


Empowering Patients with Self-Administration


Becton Dickinson’s commitment to patient-centric care is exemplified by its development of “autoinjectors” and wearable injectors. Autoinjectors are pre-filled syringes that enable patients to self-administer medications, such as GLP-1 weight loss and diabetes drugs. This not only empowers patients to take control of their treatment but also eliminates the need for healthcare professionals to administer these medications. Wearable injectors, on the other hand, provide patients with a convenient way to receive prolonged doses of medication that would otherwise require time-consuming manual injections. By allowing patients to multitask while receiving treatment, wearable injectors enhance efficiency and reduce the strain on hospital resources.

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Strengthening the Health-care Supply Chain


As a member of the U.S. Department of Commerce’s manufacturing board, Polen emphasizes the importance of creating a secure health-care supply chain, particularly in light of the challenges posed by the COVID-19 pandemic. Becton Dickinson’s strength lies in its domestic production capabilities, with a majority of its medical devices manufactured in the United States. This commitment to local production ensures a steady supply of essential medical equipment, reducing dependence on imports and safeguarding the healthcare system in times of crisis.




Becton Dickinson’s innovative technology is making a significant impact in the healthcare industry by addressing the rising operating costs faced by hospitals. Through automation, efficiency, and patient empowerment, the company’s advanced medical devices and solutions are transforming the way healthcare is delivered. By shifting routine care procedures from high-cost hospital settings to more accessible spaces, such as patients’ homes, Becton Dickinson is not only improving patient outcomes but also saving hospitals valuable resources. As the healthcare landscape continues to evolve, Becton Dickinson remains at the forefront of innovation, driving positive change and shaping the future of healthcare delivery.


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