Investment OpportunityBaptist Health Lexington
Baptist Health Lexington
Simulation Center
Transforming Healthcare Education in Central Kentucky
$5.8B
Global Market by 2030
13.5%
Annual Growth Rate
$5-6M
5-Year Cost Avoidance
∞
Lives Saved Value
The Problem: Healthcare Training Crisis
1.2M
New nurses needed by 2030
25-30%
First-year nurse turnover rate
$61K
Cost per nurse turnover
Medical errors are the 3rd leading cause of death in the US (250,000+ annually). Traditional training methods cannot adequately prepare healthcare workers for high-acuity, rare-event situations. Rural and community hospitals lack access to advanced training resources.
The Solution: Simulation-Based Training
What Simulation Centers Do:
- Practice high-risk scenarios without patient risk
- Reduce errors through repetitive skills training
- Improve staff retention through better preparation
- Test new processes and equipment safely
- Train interdisciplinary teams together
Proven Outcomes:
84%
Reduction in Central Line Infections
50%
Fewer Malpractice Claims (OB)
35%
Shorter Nurse Orientation
$289K
Saved per 1% Turnover Reduction
Projected KPI Improvements