Almost $45 billion of lost hospital revenue could result from hospitals trapped in paper-heavy registration processes wasting time, money and resources. In US healthcare, there are 153 million registrations every year, that generate enough paper to circle the earth more than 15 times. The cost of processing this vast quantity of paper is truly astronomical – more than $205 billion.
In fact, hospital admissions on average contain 14 pages of paper, require 12 signatures and 42 pieces of information resulting in over 6.4 billion pieces of data trapped in static images in filing cabinets or document repositories. Read the infographic created by Bottomline Technologies to learn how replacing paper with discrete data capture could save hospital billions of dollars.
