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Benchmarking saves hospital $1 million
Healthcare Benchmarks
|May 27, 1999
Abstract
Unlabelled:
Sarasota (FL) Memorial Health care System compared its pharmacy charges with peer hospitals and found it was $15 million below average. A quality improvement team found the pharmacy wasn't charging for all medications at the point of distribution, resulting in lost charges.
The Solution:
a simple process change that saved the hospital $1 million.