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Sustainable practices may save medical providers $5.4 billion in five years

December 14, 2012
Uncategorized By LW Consulting Inc.

Today, hospitals and the entire healthcare industry are working toward controlling expenses and ensuring that redundant testing and medical errors are reduced. Patient health outcomes can be improved while costs are stabilized for both patients, doctors, health insurance companies and hospital providers.

By adopting health IT systems, such as EHRs and e-prescribing software, medical facilities are more likely to access and share necessary patient information, which in turn will cut down on medical errors.

E-prescribing technology, for example, can help pharmacists ensure that they provide the correct medication by foregoing messy handwritten prescriptions. Healthcare IT consulting companies can help medical providers ensure that their facilities implement and utilize EHR software successfully and effectively.

FierceHealthcare reported on some other ways that medical facilities can cut down on spending. By adopting sustainable practices and environmentally-friendly initiatives, hospital providers can save approximately $5.4 billion in five years. Researchers from the Commonwealth Fund went on to explain that more than $15 billion can be saved in 10 years.

"Even though there was an investment to reach sustainability, the program reaped a benefit and return on investment," Anne-Marie Audet, vice president of Healthcare Quality and Efficiency at the Commonwealth Fund, said in a webinar.

Healthcare organizations allegedly create nearly 7,000 tons of waste every year, the researchers stated in their report. One large problem may be due to hospital workers throwing non-hazardous waste into red bags or medical waste containers, which costs organizations much more to process.

By conferring with a hospital consultant, providers can ensure that their staff is trained on proper waste procedures and sustainable practices. Educating employees on green initiatives will help hospitals reduce spending.