01.Core Concepts

Problem 3: Waste and inefficiency As much as 30% of healthcare spending each year is wasted or unnecessary Sources of wasteful spending include: Duplication of tests Medical errors that are largely preventable Unnecessary tests due to fear of lawsuits High administrative costs and excessive and redundant paperwork Readmissions into hospitals because of inadequate or ineffective initial treatment Hospitalizations for preventable conditions Fraud and overbilling by healthcare providers Overuse of expensive medical technology and emergency rooms ‹#›