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Uncovering the True Cost of Paper Forms: Why Forgoing Automation to Save Money May Cost You

About This Webinar

Despite national efforts and funding to automate the healthcare industry, more than 50 percent of all lab tests are still processed on paper. This is particularly true for small- to mid-sized labs that think automation is too expensive. However, the true cost of paper extends beyond the obvious expenses such as printing, shipping, data entry, and staffing to include the hidden cost of human error, insurance denials, and unpaid claims.

The talk will analyze the true cost of using manual paper requisition forms for laboratory testing, highlighting the financial and medical risks involved. The speaker will begin by providing the audience with an overview of the challenges of using paper-based processes. He will also discuss how forgoing automation to save money may be costing them and provide the audience with a breakdown of the hidden costs associated with paper processes. Moreover, the speaker will describe ongoing regulatory mandates compounding the costs of paper-based systems and further driving the need to convert to electronic processing.

The talk will conclude with opportunities labs can take to cost-effectively use technology to move clinics off paper to drive compliance, quality, and economic value for their laboratory.

Featured Presenters
Webinar hosting presenter
CEO/Founder, Shadowbox
Gregory A. Stein is a serial entrepreneur and healthcare regulation expert, with more than 30 years’ experience in corporate, non-profit, and local, state, and federal governments. He brings diverse experience and a vast network of industry expertise to his role at Shadowbox. Most recently, Gregory was vice president of strategic and community affairs with Millennium Health. He helped grow the company from a small start-up to over 1,500 employees and $1.8 billion in enterprise value. Before Millennium, he served in numerous leadership roles such as CFO of a start-up in the defense and action sports space; EVP of a political economics division of the macroeconomic firm founded by Dr. Arthur Laffer, the world-renowned economist; VP of a start-up in a sell-side investment bank; and CEO of a start-up consortium of defense contractors delivering software to the US Air Force and Navy. Gregory began his career as a legislative aide on Capitol Hill, helping craft legislation related to technology, energy, biotech, telecommunications, defense, transportation, and tax issues.
Webinar hosting presenter
Chief Commercial Officer, HealthRecon Connect
As Chief Commercial Officer at HealthRecon Connect, Rick Chitty has held senior leadership roles across multiple healthcare business platforms with private and Fortune 500 organizations. Working with larger groups such as LabCorp and Danaher, Rick brings experience and leadership in the areas of organizational and sales strategy, business planning, organizational design, product development, strategic partnerships, and M&A.
Documents
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