The Sick Cost of Medical Paperwork (Infographic)
Medical Paperwork is something that not a lot of people really talk about, nor research all that much. It doesn’t surface as something that seems like it would be an issue as large as it is, but if there’s one thing Americans agree on, it’s that the cost of health care is absurd. Medical costs in the US are way higher than any other industrialized nation, and health care reform hasn’t been able to cut them down quite yet.
This infographic by medical transcription pinpoints where a lot of costs seem to go:
$400 billion on paperwork and administrative costs per year
Doctors typically spend 12 cents of every dollar covering administrative costs
$7 billion is wasted due to a complicated medical billing system
$12 billion wasted on communication inefficiencies
Click to enlarge the graphic:
Medical Paperwork Infographic by: medicaltranscription.net
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Medical paperwork cartoon source.