Going Green with Waste Saves Dough

Healthcare Finance News

Rodney J. Moore

May 6, 2014

In hospitals and health systems, it pays to recycle.

Hospitals and health systems generate a huge amount of waste each year – by Practice Greenhealth’s estimate, 5.9 million tons of waste per year, or 33 pounds per staffed bed every day.

The opportunity for cost reduction through smart resource and waste management may be as high as 40 percent to 70 percent, representing $4 billion to $7 billion, according to the Sustainability Roadmap for Hospitals, a joint research effort by the American Society for Healthcare Engineering, the Association for the Healthcare Environment and the Association for Healthcare Resource & Materials Management of the American Hospital Association.

To maximize this opportunity, hospitals and health systems should look for medical waste processing companies that emphasize green initiatives, said Steve Tarkington, vice president of supply chain at group purchasing organization, HealthTrust.

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