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National Audit Office (NAO) found that Trusts evaluated costs of patient safety incidents from between £88,000 to £400,000 per year.
Serious untoward events, adverse events, near misses cost the NHS £18 Billion.
1 in 10 patients are victims of adverse events.
The NAO reported that a fractured neck of femur due to a fall in hospital costs £10,000.
Inadequate patient information or clinical details on diagnostic requests costs approximately £1 million per year.
40,000 patients die each year from medical error (NAO).
Sir Liam Donaldson said "In an airline industry, the evidence ... from scheduled airlines, the risk of death is one in 10m. If you go into a hospital in the developed world, the risk of death from a medical error is one in 300." (WHO 2006).