Here’s why risk management services are important for hospitals

>Healthcare is one of the most booming industries in the world. Virtually everyone has had some experience with the healthcare system in their lives whether it was a quick visit to a clinic for a cold or flu or perhaps something more serious like a broken bone, disease or other condition that required a hospital or emergency room. With literally millions of people accessing some type of health care or medical services every year, it is hard to imagine the extremely high volume of data that must go in and out of files, computer systems and more each day. With so many opportunities for errors, it is much easier to see why hospitals need risk management software to keep things flowing as best as possible. Here are a few reasons that risk management software is so important to medical professionals and companies.

  • Statistically speaking, nearly half a million people in the United States die each year from medical mistakes that could have been prevented. That makes it third only to heart disease and cancer, which is an absolutely terrifying statistic for medical companies to hear. Though not all of these deaths can be prevented by improved record-keeping and data analysis, it can help lessen the problem significantly.
  • Other studies suggest that more than 85% of all errors made in a hospital or health care setting are administrative. This means that the way to end errors, which can cost more than $10,000 in additional costs each, is by making sure that there are appropriate systems in place to catch these errors. Systems like those from Ncontracts can help keep errors at bay and catch them before they do damage.
  • Doctors and other medical staff fill out thousands and thousands of forms every year. Statistically speaking, there are numerous opportunities for errors on the forms themselves as well as in the way they are stored and filed. About a third of the time, medical personnel cannot find a patient’s chart which causes confusion and errors. By ensuring all data is held and backed up in a dependable system, it will be a snap to find patient files and quickly give them the care they need.
  • A frightening statistic also states that as many as 12% of hospitals have recorded instances of files being hacked and identities being stolen from patients, and this is only the hospitals who have found out and/or reported it. These types of breaches are costly and dangerous to everyone involved and could be mitigated through the use of extensive risk management services. By taking better care of patient data and making sure it is housed in a secure system, the number of identity thefts could be greatly reduced in hospitals around the country.

The Hippocratic Oath states that doctors shall “do no harm” meaning they not only have a medical responsibility to the patients, but must do what they can to do no harm in other areas of the health care system as well, including sound record keeping and top quality risk management systems.