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Hospital Quality Initiatives Save Nearly $1.5B

In 2012, more than 1,500 hospitals participated with the Hospital Engagement Network (HEN) in an initiative aimed at reducing harm and cutting readmissions of patients, which led to saving more than $1.3 billion, according to a statement from the Health Research & Educational Trust (HRET).

HEN, a collaboration between Health Research & Educational Trust (HRET) and the American Hospital Association (AHA), is focused on improving healthcare quality, improve hospital infrastructures and promote a culture of quality.

In a news release by HRET, the program prevented:

• • Nearly 19,000 early-elective deliveries
  • More than 11,000 readmissions
  • More than 8,500 infections

“The latest results from the HEN effort are outstanding and highlight the success that quality improvement professionals can make within their hospitals and health systems,” said Maulik Joshi, president of HRET and senior vice president for AHA.

This should be beacon for hospital executives and administrators who are searching for ROI on the quality and performance initiatives they are funding. Innovations in healthcare quality IT incident management and hospital management software, like the ActionCue application, are revolutionizing how hospitals provide care to patients. By introducing IT technologies perfected in other industries to the performance and quality management of hospitals, it is now becoming possible for administrators and front-line staff to visualize, in real-time, the performance of their hospital — allowing for near immediate actions to correct adverse incidents — preventing bad outcomes, improving patient care and dramatically reducing hospital costs.