Page Hospital awarded for achieving superior supply expense performance
PAGE, Ariz. (June 17, 2009) – Page Hospital today announced that it has been named a winner of the second annual Supply Chain Excellence Award, presented by the Premier healthcare alliance.
Page Hospital is one of 25 out of 2,100 Premier members to receive the award in 2009, which honors Premier member hospitals for achieving superior supply expense performance.
“Achieving and sustaining strong supply chain performance is essential to a healthy bottom line which ultimately ensures that the health needs of our community are met”, said Tracy French, Page Hospital’s chief financial officer. “This award demonstrates our commitment to providing quality patient care while remaining fiscally responsible. Page hospital ‘s stellar performance places us in the top 1 percent of Premier healthcare alliance hospitals.”
“The Supply Chain Excellence Award celebrates the successes of our top performers while encouraging the sharing of best practices and breakthrough ideas to the benefit of the Premier alliance,” said Mike Alkire, president of Premier Purchasing Partners. “The award supports the alliance and its efforts to improve the quality and cost of the care it offers.”
Winners’ supply expense performance is measured by Premier’s recently upgraded SupplyFocusTM, the industry’s largest comparative database of operational and supply chain cost information for acute care hospitals. Winners were identified using four industry standard supply expense ratios and a case-mix-index-based peer grouping methodology to ensure that organizations of diverse sizes and complexity were considered equally.
Supply expense ratios are supply expense as a percent of total operating expense, supply expense as a percent of net patient revenue, supply expense per adjusted patient day and supply expense per adjusted discharge.
To be eligible, each organization had to submit four quarters of calendar 2008 data to SupplyFocus by April 30, 2009. With 40 indicators measuring and trending performance in cost and operations, SupplyFocus enables hospitals to compare supply expense performance to that of similar facilities and easily identify improvement opportunities.
For more information, please visit: http://www.premierinc.com/about/news/awards/index.jsp
About Premier Inc., 2006 Malcolm Baldrige National Quality Award recipient
The Premier healthcare alliance is more than 2,100 U.S. hospitals and 58,000-plus other healthcare sites working together to improve healthcare quality and affordability. Premier maintains the nation's most comprehensive repository of clinical, financial and outcomes information and operates a leading healthcare purchasing network. A world leader in helping deliver measurable improvements in care, Premier works with the Centers for Medicare & Medicaid Services and the United Kingdom's National Health Service North West to improve hospital performance. Premier has offices in San Diego, Charlotte, N.C., Philadelphia and Washington.
About Page Hospital
Page Hospital is a 25-bed facility serving northern Arizona and the surrounding region. Built in 1958, the hospital provides a range of medical services that include emergency services, surgery, medical imaging, obstetrics, cardiopulmonary, acute care and rehabilitation. Page Hospital is managed by Banner Health,one of the largest, nonprofit health care systems in the country. Learn more about Page Hospital.
