Press Releases
Actuaries - Medical Errors Cost Hospitals Billions
ATLANTA – A recent report from the Society of Actuaries (SOA) found that medical errors cost hospitals $19.5 billion in 2008. According to the SOA report, the top three most costly medical errors were pressure ulcers, postoperative infections, and mechanical complications of device, implant or graft. The release of the report comes at a time when hospitals and other health care facilities are under immense pressure to reduce costs, while government mandates and cost containment strategies squeeze their top line revenues. Yet while hospitals work to reduce costs, health care reform mandates will require hospitals to make significant investments in IT upgrades. But those upgrades could be a real opportunity for progressive-minded organizations, according to Ed Daihl, CEO of Surgical Information Systems (SIS).