Enhancing Patient Safety and Financial Performance: Business Management Strategies for Reducing Medical Errors in Healthcare Organizations

Abstract

This research article explores the crucial role of effective strategies in reducing medical errors and improving profitability in healthcare organizations. Medical errors pose a significant threat to patient safety and also result in substantial financial burdens. By implementing comprehensive approaches and leveraging business management techniques, healthcare organizations can enhance patient safety while simultaneously achieving financial stability. This study examines various strategies such as optimizing workflow, minimizing distractions, ensuring proper drug storage, implementing rigorous prescription checking processes, and providing thorough patient counseling. Moreover, it emphasizes the significance of organizational culture, adequate staffing, and workload balancing in reducing medical errors. The findings underscore the importance of a system-oriented approach and the involvement of business managers in fostering a culture of safety and implementing cost-effective measures. This research aims to provide healthcare leaders and managers with valuable insights and evidence-based recommendations to guide their efforts in reducing medical errors and improving the overall profitability of healthcare organizations.