Updates from Chicago Booth

Four ways to make hospitals more efficient
By Chana R. Schoenberger – Hospital patient records are being digitized, and financial, clinical, and outcomes data are piling up.

Medical devices attached to patients generate real-time information, as do health apps on patients’ own mobile phones and wearable devices such as Fitbits and Apple Watches.

All these data are enabling researchers to find and address inefficiencies in hospitals.

The end goal: help hospitals care for the sick while also being operationally and fiscally efficient.

As building and equipping a single hospital bed can cost $1 million, simply building more beds and hospitals is not a practical solution. Rather, strained hospitals have to use their existing resources more wisely. more> http://goo.gl/Rbnkba

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