Hospitals are havens for the sick, but some healthcare professionals say they are wasteful havens. One reason for a lot of the waste is poor healthcare technology, according to one of the managing partners of Evergreen Consulting Partners, Drew Madden. Madden has an industrial engineering degree with a medical focus from the University of Iowa. Drew is one of healthcare’s visionaries when it comes to electronic medical records. Electronic medical reports help patients get better care. And it helps doctors communicate with other professionals quickly and cost-effectively. Madden believes electronic record keeping can eliminate some of the $765 billion the healthcare industry wastes every year.
Madden thinks patient records can go where they go easier, and that will eliminate some of the expensive and sometimes unnecessary medical procedures. A National Academy of Medicine report brought out the fact that hospitals throw new drugs away because of poor record keeping. And nursing homes continue to throw reusable supplies and certain medications away for the same reason. The fact that some drug suppliers use inexpensive pharmaceutical mixtures to make expensive drugs, is a sore spot with healthcare watchdogs.
Amazon decided to get into the prescription delivery sector of the industry, because it’s a lucrative business, and the company can handle the demand. Drug retailers like CVS know arbitrary expiration dates on some drugs helps drive more business, but it also forces them to throw valuable drugs away. That kind of waste doesn’t help their bottom line. So electronic recording keeping can help solve part of that issue.
CVS wants to expand its reach in the healthcare industry by buying Aetna Insurance Company. Aetna specializes in healthcare insurance, so Madden’s electronic medical record concept will certainly be part of the cost savings both companies realize from the merger.
There are other issues to address in the healthcare industry, but hospitals and doctors tend to fight the changes that innovative healthcare technology is offering them. Who is going to pay for the technology is always an issue? And that usually means time and money needlessly disappear, according to Madden.
Healthcare industry critics say the industry has issues to face, and mental adjustments must take place in order to function effectively using current and future technology in every sector of the industry.