One in five medical claims is processed inaccurately by commercial health insurers, often leaving physicians shortchanged, according to the nation’s largest doctor’s group. This article states that, “The AMA estimates that increasing the industry’s accuracy to 100% would save doctors and insurers up to $15.5 billion a year.” Read more about this example of how…
A Japanese securities firm employee made an error when placing a sell order. Instead of selling 1 share at 610,000 yen, the numbers were reversed and 610,000 shares were sold for 1 yen causing mayhem in the Japanese market. Want to read more about the cost of this error?
The omission of a digit on a mail order site causes company to lose over $2 million in revenue. Fifteen hundred units had already been sold at the drastically reduced price (19,800 yen instead of 198,000) before the error was caught. Want to read more about the cost of this typo?
