Adverse Hospital Infection Rates In Hospitals

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Every executive in the hospital should be concerned about patient safety. Adverse drug events (ADEs) are costly, both in human terms and money. The cost of each ADE is significant, according to The Leapfrog Group (2014), each “ADE adds more than $2,000 on average to the costs of hospitalization.” As CFO, I need to balance the cost of new technology with patient safety. As CFO, I would like to have some incentives to implement these costly CPOE systems; however, these incentives may not help Suburban hospital improve quality of care. Lee et al. (2012). Found that the CMS policy to decrease payments to providers based on in-hospital infection rates “had no measurable effect on infection rates in U.S. hospitals.” From a financial perspective
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