IDENTIFYING WASTE IN CLINICAL PRACTICE
Session Description: The need is urgent to bring US health care costs into a sustainable range for both public and private payers. Commonly, programs to contain costs use cuts, such as reductions in payment levels, benefit structures, and eligibility. A less harmful strategy would reduce waste, not value-added care. The opportunity is immense. In just 6 categories of waste - overtreatment, failures of care coordination, failures in execution of care processes, administrative complexity, pricing failures, and fraud and abuse—the sum of the lowest available estimates exceeds 20% of total health care expenditures (JAMA). This session brings into focus the various factors that contribute to waste and its reduction. Its application to real life situations will also be discussed.
Speakers: Joseph Mari, VP, Strategic Planning, Mount Sinai Hospital
Recorded Lecture
Time: 10:30am-11:30am
Learning Objectives: At the end of this session, the student learners will:
- Define waste and value
- List types of waste
- Describe how the concept of waste is applied to the LEAN Methodology for process improvement
- Discuss how this has been applied in actual cases (case studies, including examples from MS-St. Luke's)
Pre-Session Assignments: NONE