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Hospital Budget Busters

How Healthcare Executives Can Apply Digital and Location-Based Technologies to Reduce Needless Costs

With an ageing population, the increasing number of chronic diseases, and the ever increasing cost of treatment, healthcare costs are growing decade over decade. At the same time, the number of hospitals in existence is declining. This paradox forces today’s healthcare facilities to rethink their operational strategies and look into new ways to save costs and improve efficiency.

The vast majority of the $1.03 trillion worth of annual US hospital costs is naturally driven by salaries, consulting fees, medical equipment, and capital investments. There are, however, some needless costs which may not be the biggest or most apparent ones but which can be easily addressed with the right technology. They result from operational inefficiencies which, when reduced, can save a hospital thousands of dollars every year.

These operational inefficiencies are:

  • Patient no-shows and late appointments: On average, 19 percent of patients don’t show up for their medical appointments. Patient no-shows cost the US healthcare system over $150 billion each year.
  • Shrinkage and misguided asset management: The median US hospital spends $9.1 million on supply expenses. Of those supplies, 15 percent are going to be lost or stolen during their useful life.
  • Nursing productivity: An average nurse at a hospital spends a full hour of each shift searching the facility for medical equipment. Every year, an average hospital spends up to $7,000 in clinical time searching for one piece of equipment.


Mark the date:

calendar June 27, 2018  clock San Francisco: 8am | New York: 11am | London: 4pm

During this live webinar, we’re going to drill down into each of these cost drivers and discuss how they can be significantly reduced using digital and location-based technologies. We’ll discuss:

  • What shapes today’s US healthcare cost structure
  • What causes operational inefficiencies and how they affect the hospital’s bottom line
  • Existing solutions to these problems and how they compare to each other
  • Digital and location-based strategies hospitals can implement to reduce operational inefficiencies and how they work: navigation, wayfinding, automated check-ins, real-time location systems (RTLS), location sharing, and more.

Sign up and join the discussion!


Steffen von Bünau Steffen von Bünau Product Strategy Advisor Kontakt.io

Robert Tabb Robert Tabb Global Healthcare Director Phunware

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