Hospitals that effectively perform steps to prevent complications after surgery perform better on measures of profitability, reports a study in the May/June 2019 issue of the Journal of Healthcare Management, published by the American College of Healthcare Executives (ACHE). “Our findings suggest targeted improvement in patient safety performance…is associated with improved financial performance at the hospital level,” write Brad Beauvais, PhD, FACHE, of Texas State University, San Marcos, and his colleagues. “Increased attention to safe care delivery may allow hospitals to generate additional patient care earnings, improve margins, and create additional capital to advance hospital financial position.”
If your health care organization is acquiring a hospital, having that hospital’s safety “score” evaluated is essential to avoid costly surprises post-acquisition. Whether you are looking for acquisition assessment assistance or to improve your own surgical teams’ performance in preventing post-operative complications, the experts at ORDx+Rx can help. Get in touch with us today to learn more about how we can help you improve your organization’s quality and profitability.