Workshop participants estimated that excess costs stemming from waste and inefficiency totaled between $750 and $785 billion in 2009. Presenters and audience members found excess costs stemmed from unnecessary and inefficient services, excessively high prices and administrative costs, missed prevention opportunities and medical fraud.
The report presents the views and ideas of workshop participants and does not contain recommendations or position statements from the IOM. The summary, including which steps would be necessary to lower healthcare expenses without compromising quality, can be downloaded here http://www.iom.edu/vsrt.
Read the news release about The Healthcare Imperative: Lowering Costs and Improving Outcomes.
Read other coverage about IOM:
– Institute of Medicine Panel Will Study Safety of EHRs
– Institute of Medicine to Study Best Practices for Healthcare Technology
– Institute of Medicine Elects 65 New Members, 4 Foreign Associates
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