Thomson Reuters Launches Campaign to Reduce Healthcare Costs by $4 Billion
The company's Save
Hospitals also can enlist in the Save
"A recent Thomson Reuters report indicated that 50 percent of U.S. hospitals are now unprofitable. We are undertaking this initiative because many of our hospital customers are under severe financial pressures," said Mike Boswood, president and CEO of the Healthcare and Science business of Thomson Reuters. "By providing a free diagnostic analysis of hospital performance we hope to provide practical insights into how costs can be controlled or reduced without affecting quality."
The corporate leadership of
Hospital executives will receive the new 100 Top Hospitals(R) Performance Matrix, an executive-level balanced scorecard that assesses hospital performance in nine key areas: mortality, medical complications, average length of stay, expenses, profitability, cash-to-debt ratio, patient safety, overall performance, and adherence to clinical standards of care (core measures).
"The escalating cost of healthcare has many causes, and these causes vary
from hospital to hospital," said
For more information, visit www.save4billion.com.
About Thomson Reuters
The Healthcare business of Thomson Reuters produces insights, information,
benchmarks and analysis that enable organizations to manage costs, improve
performance and enhance the quality of healthcare. Thomson Reuters is the
world's leading source of intelligent information for businesses and
professionals. We combine industry expertise with innovative technology to
deliver critical information to leading decision makers in the financial,
legal, tax and accounting, scientific, healthcare and media markets, powered
by the world's most trusted news organization. With headquarters in
SOURCE Thomson Reuters -0-03/31/2009 /CONTACT:David Wilkins , Media Relations, Healthcare, Thomson Reuters, +1-734-913-3397, david.wilkins@thomsonreuters.com/ /Web Site: http://www.save4billion.com http://www.thomsonreuters.com / (TRI TRIN) CO: Thomson Reuters ST:Michigan IN: HEA HIN SU: SVY PR -- DE91633 -- 793303/31/2009 06:00 EDT http://www.prnewswire.com