The study determined the average cost of an error by assessing the number of person-hours necessary to remedy the error.
Here are five things to know:
1. One lost specimen that is never found results in an average cost of $584 and 18.5 wasted hours. If a laboratory experiences cumulative errors over three months, they may be in deep with costs of up to $20,000.
2. Even if a lost specimen is found, laboratories still lose 11.7 hours and about $401.
3. Improperly collected specimen requiring STAT retesting results in an average of 3.8 hours of lost time and costs about $1,599. If this error is repeated over a three-month period, this costs a laboratory an average of $2,375.
4. When laboratories place the wrong blood in a tube, 15.9 hours are wasted as well as an average of $563.
5. The researchers hoped to raise awareness about the measured costs of poor quality with their study.
More articles on practice management:
FDA critiques Pain Therapeutics and Durect marketing for unapproved opioids — 4 highlights
Should Hillary Clinton, Donald Trump release medical records? Kaiser Family Foundation CEO says ‘no’: 4 reasons why
29 injured in NY explosion; 9 injured in MN stabbings: 8 notes on this weekend’s violence
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
