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PSI Brings its Pioneering Efforts to a Close
Date:9/20/2007

h the self-funding model.

In assessing its experiences, PSI concluded that PSI and its self-funding model were unable to overcome certain perceptional barriers:

1. PSI's approach was seen as a complex process involving multiple

parties with mixed records of cooperation,

2. PSI's novel nonprofit governance approach was appreciated by industry,

providers and consumers, but was unfamiliar and seen as "too

different" to be accepted by the capital markets, and

3. PSI's encompassing solution was viewed skeptically because it

envisioned a small collaborative, representative nonprofit

organization accomplishing what had evaded so many major organizations

and industry experts over the years (and the skepticism remained

despite a plethora of national experts who said the PSI model should

work).

PSI thanks our Core Founding and Supporting Partners as well as others across the industry for their support, effort and cooperation that made progress toward the PSI vision possible. We appreciate the leaders who encouraged us to bring them a model community where they could assist in helping validate the model and then get it rolled out across the country. And most of all, we wish to recognize and thank the tireless and unrewarded effort and sacrifice of the PSI Board members and their respective organizations for enabling this journey of advancing a better healthcare for tomorrow.

We are proud of what we did; we wish we could have done more. We are hopeful that others take what we have accomplished and our "lessons learned" and move our approach or a similar one to national implementation.

http://www.ptsafety.org


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SOURCE Patient Safety Institute
Copyright©2007 PR Newswire.
All rights reserved

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