Modern Healthcare Waste generated in operating rooms is increasing the cost of care, and much of that waste comes in the form of unused or wasted supplies. One study from UCSF found that its neurosurgical department wasted an average of $968 of disposable medical supplies per procedure, amounting to $2.9 million in waste per year. They also found that roughly …
Healthcare Providers Face Payment Audit Financial Burdens
Payers and other third parties surrounding the healthcare industry regularly perform payment integrity audits to ensure accuracy, but this practice places a massive financial burden on the healthcare facilities that must cover the administrative costs of being audited. For some facilities, however, these costs are upwards of $1 million per year. Fortunately, emerging technological solutions are helping to reduce this …
Healthcare HR Challenges Across the Industry
Common HR challenges are widespread across the healthcare industry. These issues affect facilities of all kinds, and are directly related to costs for patients, as well as overall availability and quality of care. While large scale efforts are being made to mitigate these ongoing challenges, the broad healthcare industry is facing a shortage of qualified personnel. These shortages come from …
Nationwide, Hospitals Waste Billions in Medical Supplies
U.S. News A 2012 report by the National Academy of Medicine estimates that nationwide, $765 billion of medical supplies are wasted every year. Many of these thrown away items are in perfectly usable condition, and this massive waste contributes directly to rising healthcare costs. One organization, Partners for World Health, has spent the last decade providing much needed medical equipment …
Post-Payment Review: Understanding the Process
Today’s Wound Clinic Post-payment reviews are a regular occurrence across healthcare facilities of all kinds, and can apply to payments from commercial insurers, workers’ comp, Medicare/Medicaid, and so on. Depending on the type of claim, type of payment, and type of organization, however, these audits can come from different places and have different requirements. This comprehensive overview of auditor types …
