Operational Inefficiencies Are The Leading Cause Of Waste in Hospitals

Another reason to avoid average hospitals at all cost...

One of every three dollars spent on healthcare each year is on the repetitive, high-volume tasks that make up the administrative side of healthcare.

Data has to be manually pulled and entered from one screen to another, over and over again, making human error inevitable

This leads to an average of $4.9 million of loss in revenue per facility. See the report here

Where do they make up this revenue?

Other recent post have exposed the error rate of misdiagnosis or over-service costing employers millions.

Charging 10X for services could be another way to make up for lost revenue.

All in all, these claims dollars are coming directly from the "Clients (Employer) " Margin

The great news is that they are trying to fix the issue with Technology but where will this new found money come from to pay for the updated systems?

Again the Client aka "The Check Book"

Ways to avoid this Pit Fall

Make sure you have the best Hospitals listed on your plan design to ensure services rendered are needed and have the highest chance of success. List of top hospitals in the nation click here

We as the public have been brainwashed into thinking that our insurance plan is suppose to cover every doctor and facility regardless of the quality. This is not how the rest of the world works, so why do we accept it in healthcare?

Would a supply chain manager be allowed to choose a vendor even though they have a 40% failure rate of delivery just because the salesperson knows them? Accepting anything close to this would be a Terminable Offense.

Just how sure are you about your plan and the ratings it would receive if it were under investigation? Would pointing the finger really work or does the responsibility ultimately fall on the business just like everything else...

Get Expert Advice Here if needed from professionals that are not compensated off your plan design.