The Global Language of Business
Markhot Ferenc Teaching Hospital: Measuring what’s measurable to improve patient care and safety
Most healthcare providers have significant amounts of information about their patients, yet they don’t know the costs associated with caring for these patients.
Today, hospital management needs to know exactly how much a treatment or a disease costs the hospital in order to effectively manage its budget.
There is a need for a new paradigm shift in healthcare where healthcare providers measure revenues and expenditures similar to profit-oriented businesses. With new technologies and standardised solutions, they can optimise their processes and make them costeffective. With data recorded precisely at locations where patient treatments take place, hospitals can improve patient safety, reducing time spent on the administration of IT systems.
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