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Thomson Reuters Launches Campaign to Reduce Healthcare Costs by $4 Billion
Date:3/31/2009

ANN ARBOR, Mich., March 31 /PRNewswire/ -- Thomson Reuters today launched an initiative to help U.S. hospitals reduce healthcare costs by $4 billion over three years while improving the quality of medical care.

The company's Save $4 Billion campaign will offer U.S. hospital CEOs an analysis that shows how their hospitals compare to industry norms and benchmarks in clinical quality, patient safety, financial performance, and operational efficiency. Thomson Reuters will meet with hospital executives to discuss their results and where they should focus improvement efforts to have the greatest impact. There is no charge for these services.

Hospitals also can enlist in the Save $4 Billion campaign and pledge their commitment to reduce costs at www.save4billion.com.

"A recent Thomson Reuters report indicated that 50 percent of U.S. hospitals are now unprofitable. We are undertaking this initiative because many of our hospital customers are under severe financial pressures," said Mike Boswood, president and CEO of the Healthcare and Science business of Thomson Reuters. "By providing a free diagnostic analysis of hospital performance we hope to provide practical insights into how costs can be controlled or reduced without affecting quality."

Silver Cross Hospital in Joliet, Ill., is participating in the project. "As the economic climate increases pressure on hospitals to reduce costs, we also must maintain and build on the quality gains the industry has achieved in recent years," said Paul Pawlak, president and CEO of Silver Cross Hospital. "The Save $4 Billion campaign provides intelligence that helps hospital executives make decisions that strike this balance."

The corporate leadership of VHA Inc., a national health care alliance, also supports the campaign. "The Save $4 Billion campaign can help hospitals mobil
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SOURCE Thomson Reuters
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