Embracing an ever-changing environment
As a national leader in medicine, Barnes-Jewish leadership sets strategic goals within the areas of safety and quality, service, people, finance, and growth and innovation. The ever-changing business of health care requires that we maintain an environment where we’re able to quickly adapt so we can continue providing the highest quality and safest care to our community.
While we work to adapt, we've been tenacious in advancing our safety and quality performance, and our efforts were recognized last year with a prestigious award. We've also found ways to streamline our processes. That means patients move through their inpatient stay or outpatient visit in a more efficient and predictable manner. By using new tools like our daily care acceleration meetings, it's more likely that a patient's length of stay will be on target for his or her specific condition.
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Achieving these types of improvements, at a time when government-funded and other health plans are reducing their reimbursement for our services, can be challenging. But, we've succeeded under these changes, perhaps because the objectives of the Affordable Care Act – encouraging hospitals to operate more efficiently while improving quality – dovetail so well with the objectives of Barnes-Jewish Hospital and our health system – BJC HealthCare.
We've worked with BJC to find ways to reduce operating costs, such as lowering the prices we pay for our supplies and purchased services, but only in ways where we can maintain or improve the quality of the care we provide. Just last year, we identified $20 million in savings by negotiating new purchase agreements for supplies and by eliminating waste.
We are dedicated to continue our focus on containing unnecessary costs and creating more efficient ways to provide the highest quality care. Our success will enable us to continue funding innovative treatments, provide better quality care and to fund programs that benefit the community we have committed to serve.