The Stead Health Group, Inc. - 1.5M Serious Medications Errors Annually

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The Stead Health Group has expertise in Health Care Communication Transformations, Operations Improvement, Strategic Planning and Positioning, Financial Analysis and Turnaround, Program and Service Line Development, Facility Planning and Development. We apply strategy, customized to each client, resulting in tangible, bottom-line financial improvements.

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Medicare Payment Advisory Commission (MedPAC) announced that there was a $800M decrease in Part B spending in 2005 as compared to 2004. They attribute this to a shift to an Average Sales Price payment system for physician-administered pharmaceuticals, coupled with declining prescription volumes. One concern raised in their report is that fewer patients have supplemental coverage, particularly in hospital cancer programs. MedPAC report, January 2007

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PQRI Information at PQRI.info ASP Payment decreased Part B Costs by $800M CMS extends Medicare participation decision date Physician's Medicare Payments Will Decrease MedPac Considers Hospital Cuts

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1.5M Serious Medications Errors Annually

Serious medication errors occur 1.5 million times a year in the U.S., says an Institute of Medicine study sure to stir renewed demands for changes in medicine.

Medication errors occur 1.5 million times a year, with each having the potential for serious injury, reports the Institute of Medicine (IOM). The report recommends that electronic health records to prescirbe medications be in-place by 2010 by all healthcare providers. Institute Cites Medication Errors, Suggests Changes to Cut Injuries.

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