15 May 2008
Thomson Reuters Honors Temple University Health System for Initiative That Cut Costs $64 Million and Grew Clinical Service Lines
2008 Insight Awards Recognize Excellence at 13 U.S. Hospitals
Ann Arbor, MI May 14, 2008 – 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® and Market Expert®, 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
Oakwood Healthcare System – Dearborn, Mich.
Pinnacle Health System – Harrisburg, Pa.
“We are pleased to celebrate the success of these hospitals and to recognize their hard work and dedication to quality care and continuous improvement,” said Terry Cameron, executive vice president, Thomson Reuters. “Each of these hospitals has used Thomson Healthcare solutions to positively impact organizational efficiency, clinical quality, or strategic planning and marketing.”
About Thomson Reuters
The healthcare business of Thomson Reuters produces insights, information, benchmarks and analysis that enable organizations to manage costs, improve performance and enhance the quality of healthcare. Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world’s most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people in 93 countries. Thomson Reuters shares are listed on the New York Stock Exchange (NYSE: TRI); Toronto Stock Exchange (TSX: TRI); London Stock Exchange (LSE: TRIL); and Nasdaq (NASDAQ: TRIN). For more information, go to www.thomsonreuters.com.
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