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Focusing on Patient Safety Is the Best Way to Decrease Healthcare Costs
California-based medical malpractice insurance broker says to look at cutting costs from a different perspective.
Hospitals and systems providing healthcare across the U.S. have been continuously challenged to improve the quality of care while also reducing costs. Some have looked at reducing staff while others have focused on cutting pay and various expenditures.
“Hospitals are focusing on the wrong things to cut costs. That’s just a temporary band-aid for the problem.” says Michael Kataf of Nexus Insurance Services. “Let’s look at the bigger picture. If medical providers can focus on providing the best patient care, this not only will improve healthcare overall, but it will prevent the billions of dollars that are being paid out for malpractice lawsuits.”
An example to look at is the Carolinas Healthcare System that saved more than $17 million in 2012 and 2013 because of an initiative to focus on patient safety. The emphasis of the project was 10 areas of care and quality improvements.
One of the goals of the Carolinas Healthcare System is to reduce preventable patient harm such as hospital-acquired infections by 40 percent by the end of 2014 in addition to reducing the number of patients who are readmitted to the hospital within 30 days of being discharged.
“Hospitals around the country can take a page out of the Carolinas Healthcare System and use it as a blueprint for their own patient safety initiatives,”
About Nexus Insurance Services
Nexus Insurance Services is a professional insurance broker that has helped many doctors, lawyers, realtors, and business owners gain access to insurance providers for their practice or business. The company's mission is to be a firm that brings real value to clients, builds personal relationships on top of business ones, and always conducts itself with sincerity, integrity and fairness. Because of the relationships with many providers, the company is able to shop a client's application around to get the best rates. Contact Nexus Insurance for a free, no obligation quote for medical malpractice insurance, professional liability insurance, or workers compensation insurance. For more information, visit: http://www.nexus-
Page Updated Last on: May 23, 2014