A search for the "Holy Grail" of health care: a correlation between quality and profitability.
In a study by CHRISTUS Health, data from 18 acute care facilities revealed that numerous indicators of clinical quality were significantly correlated with measures of business success. Results suggest that timely and appropriate interventions, coupled with timely and complete documentation, are correlated with improved business performance. The correlations between quality and financial performance make intuitive sense based on the observation that diligence in clinical processes can produce better information to support financial processes.
Gillean
John
J
CHRISTUS Health, Houston, USA.
Shaha
Steve
S
Sampanes
Eileen
E
Mullins
Catherine
C
D004469:Economics, Hospital; D017598:Efficiency, Organizational; D005377:Financial Management, Hospital; D009096:Multi-Institutional Systems; D019982:Organizational Case Studies; D011785:Quality Assurance, Health Care; D013781:Texas