A study in the Journal of the American Medical Association estimated that waste accounts for 18 percent to 37 percent of the total health spending in 2011, according to the brief.
The brief outlines six categories of waste that healthcare leaders can target to reduce costs without compromising care:
• Failures of care delivery
• Failures of care coordination
• Overtreatment
• Administrative complexity
• Pricing failures
• Fraud and abuse
More Articles on Healthcare Waste:
Adding Value to Healthcare by Eliminating Waste: Q&A With Virginia Mason Medical Center CEO Dr. Gary Kaplan
IOM: Health Technology Can Help Reduce Widespread Inefficiencies, Costs
IOM: 10 Recommendations to Create a Continuously Learning Healthcare System
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