Accretive Health Launches Innovative New Product Offering Focused on
Improved Quality and Efficiency within Hospital Stays and Signs Inaugural
Inaugural Client Signs Deal for New Product Offering that will Drive
Innovation, Quality and Efficiency
CHICAGO -- November 07, 2012
Accretive Health, Inc. (NYSE:AH), a healthcare technology and services
company, today announced the launch of their Intra-Stay Quality (ISQ) Offering
developed to enable U.S. healthcare providers to transition to a value based
payment system focused on enhancing the patient experience in the acute care
setting and the level of quality care delivered with improved efficiency. ISQ
is designed to optimize quality and financial results for each inpatient visit
by providing process improvements through technology, enhanced physician
engagement with data-driven insight, and skilled resources.
Tim Barry, President of Accretive Health’s Quality business said, “We are
delighted to announce the launch of the ISQ Offering and the signing of our
inaugural client, a multi-billion-dollar hospital system. ISQ optimizes
quality and financial results in the acute care setting which is the most
costly component of healthcare, and will enable our clients to improve quality
and unleash value within and across episodes of care.
“The ISQ business introduces innovative processes and technology support
enabling physicians to dramatically improve the patient experience and engages
all members of the clinical team with the patient to develop a comprehensive
plan of care that promotes health and wellness while addressing the acute
condition in order for the patient to return safely back to the home or
community setting. Our ISQ Offering is a prelude for hospitals and healthcare
systems that are moving toward bundled payments and better integration of the
care occurring between the outpatient and inpatient setting.
“Our commitment to being innovative leaders in the transformation of our
Nation’s healthcare system is emphasized in the investment we have made in our
ISQ Offering. We are dedicated to drive innovation that will enable our
clients to improve outcomes, create positive patient experiences and reduce
the cost of care delivery,” concludes Tim Barry.
“With the extreme reimbursement pressures that hospitals and healthcare
professionals face, there is a growing need for more efficient delivery of
healthcare services. Collaborating on the ISQ Offering in acute care settings
will allow our clients to improve health outcomes while reducing
inefficiencies and redundancies in associated medical costs. ISQ provides the
tools to enable physicians to better care for patients with complex health
conditions and improve the patient’s level of understanding associated with
their condition while assuring community based resources are available for
them upon discharge.
“We anticipate strong results with our inaugural ISQ client who experienced
positive results in a pilot with this offering earlier this year. This new
client collaboration will deploy technology and process infrastructure across
this client’s healthcare system, positively impacting more than 70,000 medical
and surgical inpatient visits annually throughout the communities they serve,”
said Mary Tolan, Founder and CEO of Accretive Health.
Dr. Walter Ettinger, Chief Medical Officer and Executive Vice President of
Accretive Health said, “As a former hospital president and practicing
physician, I recognize the great opportunity to improve the effectiveness and
efficiency of hospital care. The development and launch of the ISQ Offering is
keeping pace with the demands of the market to deliver greater value in
healthcare. We are moving rapidly from a volume to value based payment system.
ISQ helps hospitals to partner with physicians to eliminate waste in the acute
care setting. The result will be better care, as well as more time for
physicians, nurses and caregivers to spend with patients.”
About Accretive Health
Accretive Health partners with healthcare providers to help them more
effectively manage their revenue cycles, strengthen their financial stability,
and improve the quality of care they provide while reducing overall healthcare
costs.Our people, processes and sophisticated integrated technology
complement our clients' existing resources to enhance results for patients,
physicians and staff. For more information, please visit
Accretive Health, Inc.
Christina Slemon-Dokos, Senior Vice President and Chief Marketing Officer
Investor Relations Contact:
Atif Rahim, Senior Vice President Investor Relations and Business Development
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