BC Advantage - 2022 Issue 10

Digital collaboration maximizes efficiency and reduces congestion in the health care ecosystem

The cost and scope of inefficiencies in the U.S. health care system are enormous. CBS reports that excessive financial waste in our health care system ranges from $760 billion to $935 billion per year-that's more than the total for annual federal defense spending. The largest portion of this excess is administrative activities; these tasks required of physicians, their staff, and nurses are complex and devour so much time that they waste hundreds of billions of dollars each year. To add to the bureaucratic labyrinth, a data analysis conducted by the National Library of Medicine found that...

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