QUEST reports savings of $11.65 billion

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Information about QUEST reports savings of $11.65 billion
Health & Medicine

Published on March 7, 2014

Author: CureMDHealthcare

Source: slideshare.net

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QUEST reports savings of $11.65 billion

QUEST reports savings of $11.65 billion © CureMD Healthcare

QUEST • Premier national quality improvement initiative, QUEST, has reported savings of approximately $11.65 billion through process improvements and analytics, according to its new whitepaper • In addition to the savings, QUEST also reported preventing over 135,000 deaths in the last five years • QUEST was launched in 2008 and has since grown to include 350 hospitals • In the last five years, while hospital costs nationwide have increased by 37%, QUEST has maintained them to 14% with no increase reported in the last year

QUEST • QUEST has benefitted by identifying areas that need improvement, gathering required data and developing a comprehensive plan to tackle those areas • Furthermore, QUEST prevented over 40,000 readmissions since 2011 and prevented nearly 18,000 instances of harm, such as hospital-acquired infections since 2010 • Last year, QUEST reported that its members had saved over $9 billion by reducing infections through data sharing and best practices

QUEST • Additionally, QUEST has implemented new processes in order to improve patient experience and other quality measures • Premier and IBM also partnered in 2011 to create a platform that allows for easy data exchange between facilities • Texas Children’s Hospital also has focused its quality improvement efforts on data usage • Starting with treatment of acute asthma, it is using a similar investigative approach to care for appendectomy, pneumonia and other common cases

Read more on blog.curemd.com • To read more on this topic, visit: • http://blog.curemd.com/quest-reports-savings-of11-65-billion/

Thank you! CureMD Healthcare 55 Broad Street, New York, NY 10004 Ph: 212.509.6200 www.curemd.com

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