How To Reduce the Cost of Harm and Impact the Bottom Line
Tuesday, February 3, 2015
Douglas Dotan, President and founding partner of CRG Medical, Inc.
Quang Ngo, MPH, PMP, TORCH Foundation President/CEO
Anngail Smith, MS, Vice President of Operations at CRG Medical, Inc.
John Kenagy, M.D., MPA, of Kenagy & Associates, creator of the Adaptive Design system
Description: On January 1, 2015 the Texas Department of State Health Services (DSHS) will require all hospitals and ambulatory surgery centers to submit to it reports of potentially preventable adverse events (PAEs). The content will be made public. This is the kind of requirement that can keep CEOs and Administrators awake at night. It is like that phone call from a plaintiff lawyer about an event that was incurred but not reported (IBNR) — or could have been prevented but was not. TORCH is entering into an agreement to provide a solution to help our hospital CEOs and Administrators control the controllable to prevent the preventable and reduce costs.
- The program will address the well-documented costs of harm to our patients and their families, which affect insurance companies, healthcare institutions, and the caregivers or the ‘second victims’.
- Healthcare providers will no longer be reimbursed by third party payers for healthcare-acquired infections and other preventable events.
- How can we reduce our costs and improve the quality of care?
- How can we reduce potential negative media impact on our reputation?
- You will learn how you can enhance or replace your legacy ‘reporting systems’ with an integrated, strategic and proactive system that engages your entire workforce in documenting safety hazards and providing early warning for unsafe conditions known to cause harm.
The TORCH solution will help our hospitals simplify reporting to the State and minimize the impact of the new rule on your operations. Basic risk management theory overlaps with quality, and continual performance improvement. Some events can be prevented, some can be controlled and others can be minimized.
Duration: 58 minutes
Follow this link to the recording: