Ben Franklin told a young tradesman, “Time is money.” In an age of distraction, everything takes time. Economists call it opportunity cost. Do you stay out late after dinner, or prepare for the next day? Is an eMBA worth the effort?
Successful businesses know that new work costs money. Either old tasks go undone, or you hire staff to tackle new projects. Corporations go broke if they don’t pay close attention to how workers spend time on the job.
Stealing Millions from Patient Care – One example
Our team received a final notice from our site admin. Every physician must complete a survey, or we lose funding for our electronic medical record (EMR). The survey had close to 100 questions and took 2 hours to read carefully and answer accurately.
[Full disclosure: I love EMRs, IT and clinical tools of all sorts. I think we need more informatics, not less.]
Over 11,000 Ontario physicians on EMR x 2 hours = 22,000 hours of clinical time spent on 1 survey.
= 9.6 years (22,000 / (50 hours per week x 46 weeks per year)).
= $3.252 million for 1 survey [9.6 years x $340,000 (average gross billings)]
Of course, time spent away from clinical care saves the government money. Docs get dozens of similar non-clinical requests.
Administrative Off-Load
Efficient hospital-based medical groups remain on high alert to admin off-load. Hospital administrators love to build arguments for why a specific administrative task requires an MD (e.g. RM&R forms for community nursing, Transfer forms for mental health patients).
It saves hospitals money. If they can convince docs to do something, it means they don’t have to hire staff using hospital funds. MDs get paid from OHIP, not hospitals.
Laziness and Efficiency
Vice often drives virtue. Laziness makes us to look for easier ways to work. My Scottish Granny might have harrumphed, “You find shortcuts so you can do MORE work, not less!”
Ok. But we still don’t spend our time looking for ways to make work harder. Unless you’re a bureaucrat. Bureaucracy slows things down, resists change, ‘manages’ innovation.
Bizzaro World
In nationalized services, governments save money by slowing down their most expensive assets. They save by shutting down MRIs, closing operating rooms and shackling physicians with as much non-clinical work as possible. Up is down and down is up in Bizzaro world.
$3.25 million dollars of potential patient care wasted on one survey is only a shaving off a lumber pile of waste. If politicians were serious about efficiency, they would insist on freeing up doctors so patients could receive more care.
But more care costs money; who wants that?
photo credit: currencyguide.eu