{"id":5965,"date":"2012-10-02T19:58:00","date_gmt":"2012-10-02T19:58:00","guid":{"rendered":"https:\/\/a6f61c8390.nxcli.io\/blog\/eliminate-healthcare-waste-eliminate-reform\/"},"modified":"2012-10-02T19:58:00","modified_gmt":"2012-10-02T19:58:00","slug":"eliminate-healthcare-waste-eliminate-reform","status":"publish","type":"blog","link":"https:\/\/a6f61c8390.nxcli.io\/en-gb\/blog\/eliminate-healthcare-waste-eliminate-reform\/","title":{"rendered":"Eliminate Healthcare Waste, Eliminate Reform?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Could eliminating waste in healthcare eliminate the need for the&nbsp;<a rel=\"noreferrer noopener\" href=\"http:\/\/www.hhs.gov\/healthcare\/rights\/index.html\" target=\"_blank\">Affordable Care Act<\/a>?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Consider the latest numbers offered by the&nbsp;<a rel=\"noreferrer noopener\" href=\"http:\/\/www.cbo.gov\/\" target=\"_blank\">Congressional Budget Office (CBO)<\/a>&nbsp;and&nbsp;<a rel=\"noreferrer noopener\" href=\"http:\/\/www.iom.edu\/\" target=\"_blank\">The Institute of Medicine (IOM)<\/a>. The CBO now says it will cost $1.1 trillion to expand healthcare coverage to uninsured Americans over the next decade. The recent IOM study, Better Care at Lower Cost, pegs annual waste of all types at $765 billion. So removing two years of waste would more than cover insurance expansion for ten years.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Of course, the reform act calls for much more than expanded insurance coverage and cost reductions, but it\u2019s interesting that the two areas with the biggest financial impact could potentially cancel each other out.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So, where are the biggest areas of waste in healthcare? The IOM had some surprising answers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Although fraud is huge, it\u2019s not the prime mover. Fraud from all sources accounted for \u201cjust\u201d $75 billion, less than 10 percent of the total amount.<br>Prevention may well be the future of medicine, but missed opportunities for prevention at primary, secondary and tertiary levels of care totaled $55 billion.<br>The three biggest culprits, by far, were:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The choice by physicians to use more or costlier care than necessary accounts for $210 billion (and we have a financial system that is misaligned with the goal to reduce and eliminate this over treatment)<br>The paperwork required for care reimbursement costs $190 billion because of all the attendant inefficiencies that go along with the process<br>Operational inefficiencies and medical errors waste $130 billion each year<br>Electronic Medical Records (EMRs) are a way to trace and address care selection and overuse. The Affordable Care Act eliminates federal reimbursement for preventable medical errors. And Accountable Care Organizations, which offer financial incentives for physicians, hospitals and other health care providers to team up may fundamentally change our traditional \u201cfee for service\u201d payor system.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While many of these changes required will take years, if not decades, to fully take hold,&nbsp;<a rel=\"noreferrer noopener\" href=\"http:\/\/blog.teletracking.old.h2web.com\/?p=919\" target=\"_blank\">TeleTracking can tackle operational efficiency challenges today and can point to real-life examples of what\u2019s possible.<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Improvements in organizational capabilities can get waste out of healthcare today by optimizing the resources they have at their disposal. Hundreds of leading healthcare systems can attest to millions of dollars of waste reduction by optimizing their operations, actually avoid building new facilities while increasing the amount of patient visits, by simply by making greater use of the facilities and resources that already exist.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Eliminate waste, eliminate reform \u2013 maybe not. But there is vast waste in the delivery of healthcare that can be immediately addressed by applying real-time capacity management technology along with some basic principles of management science to dramatically improve care delivery.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Could eliminating waste in healthcare eliminate the need for the&nbsp;Affordable Care Act? Consider the latest numbers offered by the&nbsp;Congressional Budget Office (CBO)&nbsp;and&nbsp;The Institute of Medicine (IOM). The CBO now says it will cost $1.1 trillion to expand healthcare coverage to uninsured Americans over the next decade. The recent IOM study, Better Care at Lower Cost, [&hellip;]<\/p>\n","protected":false},"featured_media":0,"template":"","categories":[],"tags":[],"keyword":[],"class_list":["post-5965","blog","type-blog","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Eliminate Healthcare Waste, Eliminate Reform? - Teletracking<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eliminate Healthcare Waste, Eliminate Reform? - Teletracking\" \/>\n<meta property=\"og:description\" content=\"Could eliminating waste in healthcare eliminate the need for the&nbsp;Affordable Care Act? Consider the latest numbers offered by the&nbsp;Congressional Budget Office (CBO)&nbsp;and&nbsp;The Institute of Medicine (IOM). The CBO now says it will cost $1.1 trillion to expand healthcare coverage to uninsured Americans over the next decade. The recent IOM study, Better Care at Lower Cost, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/a6f61c8390.nxcli.io\/en-gb\/blog\/eliminate-healthcare-waste-eliminate-reform\/\" \/>\n<meta property=\"og:site_name\" content=\"Teletracking\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/a6f61c8390.nxcli.io\\\/en-gb\\\/blog\\\/eliminate-healthcare-waste-eliminate-reform\\\/\",\"url\":\"https:\\\/\\\/a6f61c8390.nxcli.io\\\/en-gb\\\/blog\\\/eliminate-healthcare-waste-eliminate-reform\\\/\",\"name\":\"Eliminate Healthcare Waste, Eliminate Reform? - Teletracking\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/a6f61c8390.nxcli.io\\\/en-gb\\\/#website\"},\"datePublished\":\"2012-10-02T19:58:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/a6f61c8390.nxcli.io\\\/en-gb\\\/blog\\\/eliminate-healthcare-waste-eliminate-reform\\\/#breadcrumb\"},\"inLanguage\":\"en-gb\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/a6f61c8390.nxcli.io\\\/en-gb\\\/blog\\\/eliminate-healthcare-waste-eliminate-reform\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/a6f61c8390.nxcli.io\\\/en-gb\\\/blog\\\/eliminate-healthcare-waste-eliminate-reform\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/a6f61c8390.nxcli.io\\\/en-gb\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Blog\",\"item\":\"https:\\\/\\\/a6f61c8390.nxcli.io\\\/en-gb\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Eliminate Healthcare Waste, Eliminate Reform?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/a6f61c8390.nxcli.io\\\/en-gb\\\/#website\",\"url\":\"https:\\\/\\\/a6f61c8390.nxcli.io\\\/en-gb\\\/\",\"name\":\"Teletracking\",\"description\":\"Health System Command Centers\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/a6f61c8390.nxcli.io\\\/en-gb\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-gb\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Eliminate Healthcare Waste, Eliminate Reform? - Teletracking","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"Eliminate Healthcare Waste, Eliminate Reform? - Teletracking","og_description":"Could eliminating waste in healthcare eliminate the need for the&nbsp;Affordable Care Act? Consider the latest numbers offered by the&nbsp;Congressional Budget Office (CBO)&nbsp;and&nbsp;The Institute of Medicine (IOM). The CBO now says it will cost $1.1 trillion to expand healthcare coverage to uninsured Americans over the next decade. The recent IOM study, Better Care at Lower Cost, [&hellip;]","og_url":"https:\/\/a6f61c8390.nxcli.io\/en-gb\/blog\/eliminate-healthcare-waste-eliminate-reform\/","og_site_name":"Teletracking","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/a6f61c8390.nxcli.io\/en-gb\/blog\/eliminate-healthcare-waste-eliminate-reform\/","url":"https:\/\/a6f61c8390.nxcli.io\/en-gb\/blog\/eliminate-healthcare-waste-eliminate-reform\/","name":"Eliminate Healthcare Waste, Eliminate Reform? - Teletracking","isPartOf":{"@id":"https:\/\/a6f61c8390.nxcli.io\/en-gb\/#website"},"datePublished":"2012-10-02T19:58:00+00:00","breadcrumb":{"@id":"https:\/\/a6f61c8390.nxcli.io\/en-gb\/blog\/eliminate-healthcare-waste-eliminate-reform\/#breadcrumb"},"inLanguage":"en-gb","potentialAction":[{"@type":"ReadAction","target":["https:\/\/a6f61c8390.nxcli.io\/en-gb\/blog\/eliminate-healthcare-waste-eliminate-reform\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/a6f61c8390.nxcli.io\/en-gb\/blog\/eliminate-healthcare-waste-eliminate-reform\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/a6f61c8390.nxcli.io\/en-gb\/"},{"@type":"ListItem","position":2,"name":"Blog","item":"https:\/\/a6f61c8390.nxcli.io\/en-gb\/blog\/"},{"@type":"ListItem","position":3,"name":"Eliminate Healthcare Waste, Eliminate Reform?"}]},{"@type":"WebSite","@id":"https:\/\/a6f61c8390.nxcli.io\/en-gb\/#website","url":"https:\/\/a6f61c8390.nxcli.io\/en-gb\/","name":"Teletracking","description":"Health System Command Centers","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/a6f61c8390.nxcli.io\/en-gb\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-gb"}]}},"_links":{"self":[{"href":"https:\/\/a6f61c8390.nxcli.io\/en-gb\/wp-json\/wp\/v2\/blog\/5965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/a6f61c8390.nxcli.io\/en-gb\/wp-json\/wp\/v2\/blog"}],"about":[{"href":"https:\/\/a6f61c8390.nxcli.io\/en-gb\/wp-json\/wp\/v2\/types\/blog"}],"wp:attachment":[{"href":"https:\/\/a6f61c8390.nxcli.io\/en-gb\/wp-json\/wp\/v2\/media?parent=5965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/a6f61c8390.nxcli.io\/en-gb\/wp-json\/wp\/v2\/categories?post=5965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/a6f61c8390.nxcli.io\/en-gb\/wp-json\/wp\/v2\/tags?post=5965"},{"taxonomy":"keyword","embeddable":true,"href":"https:\/\/a6f61c8390.nxcli.io\/en-gb\/wp-json\/wp\/v2\/keyword?post=5965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}