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7 Costs of Healthcare Bureaucracy
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Top 7 Costs of Healthcare Bureaucracy Explained. Healthcare Bureaucracy can be thought of as a Public Health Threat.
According to the Harvard Business Review, there are are 7 costs to bureaucracy. Let's look at these costs specifically as they related to healthcare.
1. Bloat - Too many managers, administrators and management layers
2. Friction - Too much busywork that slows down decision making
3. Insularity - Too much time spent on internal issues
4. Disempowerment - Constraints on autonomy
5. Risk Aversion - Too many barriers to taking risks
6. Inertia - Too many impediments to proactive change
7. Politics - Too much energy devoted to gaining power and influence
The result... the opposite of 'Better, Faster, Cheaper'... that is, Healthcare Bureaucracy causes care to be Worse, Slower and More Expensive.
Sources:
AHealthcareZ is 400+ Healthcare Finance Educational Videos.
AHealthcareZ Viewers Include: Employee Benefits Professionals, HR, CFOs, Insurance Brokers, Benefits Consultants, Doctors and Nurses in Leadership Roles, Hospital and Health System Administrators, Health Insurance Carrier and PBM Professionals, Pharma and Med Device Professionals, Academic Professors and Students in Healthcare Administration and Public Health.
90,000+ Views Per Month Across All Platforms.
Visit AHealthcareZ.com to Subscribe to the Healthcare Finance Video Newsletter.
According to the Harvard Business Review, there are are 7 costs to bureaucracy. Let's look at these costs specifically as they related to healthcare.
1. Bloat - Too many managers, administrators and management layers
2. Friction - Too much busywork that slows down decision making
3. Insularity - Too much time spent on internal issues
4. Disempowerment - Constraints on autonomy
5. Risk Aversion - Too many barriers to taking risks
6. Inertia - Too many impediments to proactive change
7. Politics - Too much energy devoted to gaining power and influence
The result... the opposite of 'Better, Faster, Cheaper'... that is, Healthcare Bureaucracy causes care to be Worse, Slower and More Expensive.
Sources:
AHealthcareZ is 400+ Healthcare Finance Educational Videos.
AHealthcareZ Viewers Include: Employee Benefits Professionals, HR, CFOs, Insurance Brokers, Benefits Consultants, Doctors and Nurses in Leadership Roles, Hospital and Health System Administrators, Health Insurance Carrier and PBM Professionals, Pharma and Med Device Professionals, Academic Professors and Students in Healthcare Administration and Public Health.
90,000+ Views Per Month Across All Platforms.
Visit AHealthcareZ.com to Subscribe to the Healthcare Finance Video Newsletter.
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