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Consider these 11 disturbing facts how paper-based communication impacts the cost and security of the healthcare industry.
Billions of dollars are mismanaged and millions of lives globally (200,000 in the U.S.) are lost due to processing paperwork incorrectly.
*1. Woodworth, Glenn. “2003: The Year of Medical Paperwork Simplification,” Journal of Healthcare Information Managament Winter 2003, vol. 17. no. 1, pp. 12-13.
*1, *2 Healthcare Financial Management Association
*3 Woodworth , Glenn, “2003: The Year of Medical Paperwork Simplification,” Journal of Healthcare Information Management
*4, *5, *6 “A Healthy System,” Technology CEO Council, 2007
*7 Pricewaterhouse Coopers
*10 2009 – 2011 Annals of Internal Medicine
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Paper referrals have been a long time issue for hospitals, clinics, specialists and general practitioners.
A breakdown of an average cost per dental / medical paper referral:
Total average cost : $40 to $60/referral
By using an electronic referral software application, costs are dramatically lowered by reducing the hard costs and time needed to exchange and report on referrals. And most of all the ability to capitalize on quick access to patient no shows and missed referrals that cost the provider potentially many thousands more in lost revenue.
More posts about Referral Management.
How much are you spending per referral?
Guest author Jeff Evans is Creative Director at ReferralMD.
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