Solucient Signs First Agreement with Continuum Health Partners, Inc.
EVANSTON, IL
— February 13, 2006 — Continuum Health Partners, Inc.,
a non-profit healthcare system in New York City comprised of five historically
distinguished hospitals, signed its first agreement with Solucient®
to participate in the ACTION O-I® operational improvement program.
ACTION O-I is the healthcare
industry's largest financial and operational comparative database with data
from more than 850 healthcare organizations across the country. The tool
is used by healthcare organizations to guide operational decision-making
and reduce operating costs. Participating hospitals use ACTION O-I's comparative
operational information to evaluate their own costs and productivity against
those of "best-in-class" organizations or peers of similar size, payer mix,
geography or patient population.
According to Wael M. Fakhry,
vice president of finance for Continuum, "ACTION O-I was selected primarily
because of the breadth and depth of the hospitals contributing to the data
set." He added, "These participating hospitals align well with hospitals
in the Continuum Health organization."
In this era of pay-for-performance and increasing competition, Continuum
sought a national operational database to enable its facilities to be more
competitive in the highly competitive environment of metropolitan New York.
"To ensure our continued improvement, the ability to compare ourselves to
national leaders of all kinds is extremely important," stated Sharon Joy,
senior vice president of finance for Continuum. "ACTION O-I is the only
product that offers operational data from as many hospitals, and from as
many types of hospitals, including high-performance teaching and community
hospitals."
"It is encouraging that a healthcare
system in the greater New York area recognizes the need to look at national
data to improve its operational performance," said Robert Porr, northeast
regional director for Solucient. "We are pleased to have the opportunity
to work with Continuum and to assist them in improving their operational
efficiency."
About Continuum Health
Partners, Inc.
Continuum Health Partners, Inc., has an annual operating budget of $2.1
billion. Its hospitals deliver inpatient care through nearly 2,761 certified
beds located in six major hospital facilities in Manhattan and Brooklyn.
Continuum providers also see patients in group and private practice settings
and ambulatory centers in the Bronx, Brooklyn, Queens and Manhattan, and
in Westchester County. All four Continuum partner institutions were established
more than a century ago by civic-minded individuals with a shared commitment
to improving health, and healthcare, in their communities. Today, participation
in the Continuum partnership enables each member institution to better fulfill
its traditional mission by making available an impressive array of resources
for the provision of state-of-the-art and compassionate care. Together,
we are superbly equipped to identify and respond to the health-related needs
of the populations we serve, in a patient- and physician-friendly environment.
About Solucient
Solucient® is an information
products company serving the healthcare industry. It is the market leader
in providing tools and vital insights that healthcare managers use to improve
the performance of their organizations.
By integrating, standardizing and
enhancing healthcare information, Solucient provides comparative measurements
of cost, quality and market performance. Solucient's expertise and proven
solutions enable providers, payers and pharmaceutical companies to drive
business growth, manage costs and deliver high quality care. For more information,
visit www.solucient.com.
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