How Visibility and Connectivity Improve Patient Safety, Patient and Provider Satisfaction, Hospital Reputation, and the Bottom Line
Written by Mark Crockett, CEO, Verge Health
One in every 10 deaths in the U.S. can now be attributed to medical error, with only heart disease and cancer taking more lives.1 The estimated cost of these errors is a staggering $1 trillion, not including monies paid out in wrongful death lawsuits which, in 2017 alone, totaled more than $3.8 billion.2,3 This in and of itself is evidence for the need to improve recruiting, credentialing, privileging, and retaining practices throughout the healthcare ecosystem.
While there are no federal laws covering care outside of Medicaid and Medicare, most hospitals have some form of standardized credentialing and privileging process as part of their Governance, Risk, and Compliance (GRC) strategy. 4 Hospitals focused on providing the highest quality patient care should include CMS Conditions of Participation (CoPs), which provides guidelines for individual provider credentials and governance.
Read the full article at www.beckershospitalreview.com.