Healthcare waste costs $750B per year: 8 key statistics

Practice Management

Waste in healthcare is a big issue for providers today, costing billions of dollars per year. In 2011, the United States healthcare expenditure totaled $2.7 trillion, according to an infographic from Eye for Pharma.

Here are eight statistics on healthcare waste costs:

 

1. Fraud: $75 billion
2. Prevention failures: $55 billion
3. Inflated prices: $105 billion
4. Inefficient delivery of care: $130 billion
5. Excess administrative costs: $190 billion
6. Unnecessary services: $210 billion
7. Total waste: $750 billion
8. Waste is five times the total operating budget of the NHS in the United Kingdom

 

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