A search for the "Holy Grail" of health care: a correlation between quality and profitability
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- PMID: 17193839
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A search for the "Holy Grail" of health care: a correlation between quality and profitability
Healthc Financ Manage.
2006 Dec.
Abstract
In a study by CHRISTUS Health, data from 18 acute care facilities revealed that numerous indicators of clinical quality were significantly correlated with measures of business success. Results suggest that timely and appropriate interventions, coupled with timely and complete documentation, are correlated with improved business performance. The correlations between quality and financial performance make intuitive sense based on the observation that diligence in clinical processes can produce better information to support financial processes.
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