UW Hospital Named Top Performer for Financial Efficiency
MADISON - University of Wisconsin Hospital and Clinics has been named one of five "top performers" for efficiency in the management of supply, pharmacy, cardiology and surgical services expenses.
The national honor was given by the Supply Chain Performance Excellence Collaborative of the University HealthSystem Consortium (UHC). The collaborative began in 2007 to help academic medical centers improve their financial performance.
The group identified four areas of practice in which the top five performers excel:
- Physician advocacy: the top-performing hospitals develop and nurture a group of committed physician advocates who can effectively advocate for cost control and efficiency in patient care
- A cultural commitment to cost containment
- Data-driven behavior
- Creative strategic partnerships
"UW Hospital has built a reputation for excellence in patient care," said hospital President and CEO Donna Katen-Bahensky. "But managing costs intelligently must be considered part of our overall organizational performance. I am thrilled that we have been recognized nationally as leaders in this critically important part of hospital operations."
The UHC, based in Oak Brook, Ill., is an alliance of more than 100 academic medical centers and their affiliated hospitals. UHC provides products and services to its members to enhance clinical, operational, financial and supply-chain performance.
Date Published: 04/30/2009