Thomson Reuters Honors Temple University Health System for Initiative That Cut Costs $64 Million and Grew Clinical Ser... ( 2008 Insight Awards Recognize ...)

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Thomson Reuters Honors Temple University Health System for Initiative That Cut Costs $64 Million and Grew Clinical Service Lines

Date:5/14/2008

2008 Insight Awards Recognize Excellence at 13 U.S. Hospitals

ANN ARBOR, Mich., May 14 /PRNewswire-FirstCall/ -- The healthcare business of Thomson Reuters today honored 13 hospitals for excellence in performance improvement at the fourth annual presentation of the Insight Awards. Winners of the 2008 awards were announced during the Thomson Reuters Healthcare Advantage Conference at the Rosen Shingle Creek Resort in Orlando, Florida.

Temple University Health System won the Insight Award for Overall Performance for a multi-year initiative, using Thomson Reuters tools and services including ACTION O-I(R) and Market Expert(R), to reduce costs and increase clinical service line growth.

The health system integrated the ACTION O-I performance benchmarking solution into its operational infrastructure to reduce cost by $64.1 million in the current fiscal year. Simultaneously, it pursued a growth strategy in six clinical service lines using Market Expert strategic planning data to define markets and evaluate competitors for specific services.

The awards were given in four categories: clinical, operational, strategic planning and marketing, and overall performance. The winners are listed below.

Overall Performance

Temple University Health System - Philadelphia, Pa.

Clinical Performance

St. Joseph Medical Centre - Reading, Pa.

St. Tammany Parish Hospital - Covington, La.

Trumbull Memorial Hospital - Warren, Ohio

Clinical Decision Support

Columbus Regional Hospital - Columbus, Ind.

St. Elizabeth Medical Center - Edgewood, Ky.

Nebraska Medical Center - Omaha, Neb.

Operational and Financial

South Jersey Healthcare - Vineland, N.J.

St. Elizabeth Medical Center - Covington, Ky.

Temple University Health System - Philadelphia, Pa.

University Hospital - Augusta, Ga.

Marketing and Planning

Medical Center Hospital - Odessa, Texas

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