More Than Half of Nation's Top Hospitals Use Passport
5/9/2012
FRANKLIN, TENN – More than half of the Thomson Reuters Top 100 Hospitals® for 2012 use Passport eCare™ solutions for revenue cycle management, illustrating Passport’s dominant role as the nation’s leading provider of comprehensive, integrated solutions for patient access and payment certainty.
The recently released annual ranking of the top hospitals in the U.S., along with findings in a related report, give credence to the perceived relationship between the use of technology and quality care, patient outcomes, and operational efficiency. More specifically, the objective findings show that the best performers in clinical quality also lead in technology innovation and meet the highest standards for financial operations.
A joint study between HIMSS Analytics and Thomson Reuters published in April found a beneficial relationship between health IT and hospital quality and safety, and determined that top hospitals are likely to be at a higher stage of health IT implementation than U.S. hospitals as a whole.
“We are pleased to have the opportunity to help our clients to automate the patient access and payment process. Hospitals need innovative solutions to automate workflows, eliminate errors and streamline every financial component of a patient encounter so they can focus on patient care. Our focus is delivering that innovative technology as a partner to more than 2,000 hospitals across the U.S., including those who are considered among the best in all areas. We congratulate all the hospitals named in the Top 100 and commend them for their innovation and performance,” said Passport CEO Scott MacKenzie.
The Thomson Reuters Top 100 Hospitals® for 2012 were ranked out of nearly 3,000 hospitals in the U.S. in various categories, including small community hospitals, medium community hospitals, large community hospitals, teaching hospitals, and major teaching hospitals. The study uses objective research and independent public data to compare hospitals among peer groups and recognize the best overall performers, including patient care, operational efficiency, and financial stability.
The HIMSS Analytics/Thomson Reuters study explores the relationship between hospitals that have been recognized as a Thomson Reuters 100 Top Award winner and the progression along the HIMSS Analytics EMRAM model. The study found that the average health IT stage of Top 100 hospitals was 3.6 in 2009 and 3.8 in 2010, compared to mean scores of 2.8 in 2009 and 2.9 in 2010 for U.S. hospitals as a whole. The study also showed that more than twice the percentage of Top 100 hospitals were in stage 5 or higher compared to all U.S. hospitals.
Passport currently serves more than 2,000 hospitals and 8,000 other healthcare facilities in all 50 states. For more information visit www.passporthealth.com.
About Primus Capital
Founded in 1983, Primus is a private equity firm that invests in high-growth companies within the business services, healthcare and education industries. Over its 28-year history, Primus has provided capital to over 100 growth companies, partnering with management teams through a flexible investment approach that includes management-led buyouts, control and non-control recapitalizations and growth equity investments. Primus is currently investing out of its sixth fund. For more information, please visit www.primuscapital.com.
