Did you know 40% of all company data is found to be inaccurate? (Look here.) In healthcare, that percentage seems to be much higher. So what do you think is worse, non-data driven decision making or making decisions based on highly inaccurate data? Take a look at the troubling stat beneath, and realize that data quality initiatives in your organization can likely lead to substantial reductions in operating costs. Accurate data improves key endpoints for your healthcare system! Visit the podcast episode on data quality here.
17,000 Men are Pregnant: Due to incorrectly entered medical codes at British hospitals, thousands of men apparently required obstetric and prenatal exams. These seemingly simple errors caused disastrous results in billing, claims, and regulatory compliance.