Total healthcare spending in the U.S. is the highest of any other country in the world. Recent figures estimate that approximately 17.3% of GDP is spent on healthcare and medical costs are rising faster than wages or inflation. Furthermore, it is estimated that 20% to 30% of healthcare spending is a “waste,” yielding no benefit to patients and driving costs even higher.
Although we tend to focus our attention on advances in technology, paying for the uninsured, administrative complexity, and lack of efficient provider communication as some of the main factors contributing to the exorbitant cost of healthcare in the U.S., you would be quite surprised at the amount of money and resources lost due to fraud, identity theft, and inaccurate patient identification systems. This Infographic graphically illustrates how theft, fraud, and inaccurate patient ID impact our healthcare system. The numbers may surprise you.
Via: m2sys
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