Benchmarking saves hospital $1 million.
Sarasota (FL) Memorial Health care System compared its pharmacy charges with peer hospitals and found it was $15 million below average. A quality improvement team found the pharmacy wasn't charging for all medications at the point of distribution, resulting in lost charges.


METHODS
a simple process change that saved the hospital $1 million.
D019985:Benchmarking / Q000191:economics*; D017046:Cost Savings; D005377:Financial Management, Hospital; D005431:Florida; D006746:Hospital Bed Capacity, 500 and over; D017722:Hospital Charges / Q000706:statistics & numerical data*; D006801:Humans; D010607:Pharmacy Service, Hospital / Q000191:economics*; D012984:Software