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Financial Costs Of Low-Quality Service Due To Increasing Hospital Stay Length, Costos Financieros De La Baja Calidad Por Aumento De La Estancia Hospitalaria

Author

Listed:
  • Brigid Stefanie Sanchez Alvarado
  • Yuber Liliana Rodriguez-Rojas
  • Juan Pablo Robayo Pineros

Abstract

Service Institutions of Health require assessing the financial impact of low-quality costs as a tool for decision making and continuous improvement of its overall management. This research analyzes the causes and costs of providing low-quality service and permanence in a hospital in the year 2015. This research provides a mixed study followed by a triangulation design and explanatory scope. Data were identified by two clinical auditors with extensive experience and analyzed by three researchers from different areas of health sciences. As a result, six quality failures were found: delay in the procedures (1.3 days), infection associated with health care (1.4 days), delay in decision making medical management (0.4 days), delay in paraclinic report (0.04 days) and processes which do not show any evolution (0.01 days). These facts constitute 80% of the causes of long permanence in the hospital and costs US$1,380,817. We show that most of problems related to quality are multi-causal and not only depend on the institution, but also the socioeconomic conditions of the patient and the health firms

Suggested Citation

  • Brigid Stefanie Sanchez Alvarado & Yuber Liliana Rodriguez-Rojas & Juan Pablo Robayo Pineros, 2017. "Financial Costs Of Low-Quality Service Due To Increasing Hospital Stay Length, Costos Financieros De La Baja Calidad Por Aumento De La Estancia Hospitalaria," Revista Global de Negocios, The Institute for Business and Finance Research, vol. 5(7), pages 55-62.
  • Handle: RePEc:ibf:rgnego:v:5:y:2017:i:7:p:55-62
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    More about this item

    Keywords

    Length of Hospital of Stay; Quality of Health Care; No-quality costs; Cost Measures;
    All these keywords.

    JEL classification:

    • I10 - Health, Education, and Welfare - - Health - - - General
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

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