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Concrete Steps to Cut Healthcare Spending

November 5, 2013 Finance

It's widely believed among experts that as much as one-third of spending on medical services is wasted and worthless. Last year, the American Board of Internal Medicine Foundation and Consumer Reports teamed up to launch the “Choosing Wisely” campaign. Each of the 39 medical specialty societies has, within its arena, identified five specific medical screening or treatment procedures which are probably unnecessary under particular circumstances, but might be recommended by a physician eager to minimize personal liability and/or make more money from each patient.  What if you could cut just half of this wasted spending — about 17 percent — out of your healthcare spending on employees? These dollars could strengthen your bottom line or be invested in your business. Keep reading and learn the inside scoop on how to make it happen.

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