Hospitals in Michigan Cut $116 Million in Costs by Implementing Safety Programs
Research shows that by implementing quality and safety programs, hospitals in the state saved $116 million in costs from 2011 to 2012.
According to Crain’s Detroit, 117 hospitals in Michigan cut costs by $116 million from 2011 to 2012 by implementing quality and patient safety programs.
The Michigan Health and Hospital Association's Keystone Center reported the data, which pointed to improvements in Michigan health care in several areas. The safety and wellness programs that were implemented over the last several years helped reduce bed sores, minimized hospital infections, cut down readmissions, and reduced high-risk deliveries.
The report indicated that the $116 million reduction in cost was only 1 percent of the hospitals' total revenue of $26 billion in 2010. The Keystone Center also detailed the savings, reporting that hospitals saved $98 million in by reducing readmissions and reduced the mortality rate of sepsis patients by 37 percent.