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Press release from PR Newswire

Top Hospital CEOs: Reimbursement Cuts and New Payment Models are Greatest Challenges Facing the Industry

Wednesday, September 07, 2011

Top Hospital CEOs: Reimbursement Cuts and New Payment Models are Greatest Challenges Facing the Industry10:53 EDT Wednesday, September 07, 2011Thomson Reuters Polls Top-Performing Hospital CEOs on Keys to Success, Biggest ChallengesANN ARBOR, Mich., Sept. 7, 2011 /PRNewswire/ -- Reimbursement cuts and new payment models resulting from healthcare reform are the biggest challenges confronting hospitals, according to a survey of top hospital CEOs conducted by Thomson Reuters.  (Logo: http://photos.prnewswire.com/prnh/20090507/NY12658LOGO )The survey asked CEOs of hospitals that won the Thomson Reuters 100 Top Hospitals® award in 2011 to rate the key challenges they face over the next one to three years, the reasons for their success, and the importance of various industry issues.The majority of hospital chiefs said reimbursement cuts and new payment models stemming from healthcare reform are the greatest challenges confronting their organizations in the years ahead. The top five challenges listed by survey respondents all have a connection to healthcare reform ? decreased reimbursements, uncertainty about the advent of Accountable Care Organizations, continued cost reductions, changing physician alignment, and quality of care.When asked to rate the factors that have driven their success, hospital CEOs most often cited a sustained focus on quality. Other success drivers cited frequently were strong leadership, developing a culture of excellence, and a strong relationship with medical staff.  The survey also asked executives to rank the importance of current topics in order of importance. They listed quality measurement, medical staff alignment, and cost reductions as the top three. These were also the three issues that hospital CEOs felt their organizations have made the most progress on.The survey was conducted by phone from April 5 to May 12, 2011. All CEOs interviewed were heads of hospitals that won the Thomson Reuters 100 Top Hospitals award in 2011. The Thomson Reuters 100 Top Hospitals program evaluates performance in 10 areas: mortality; medical complications; patient safety; average patient stay; expenses; profitability; patient satisfaction; adherence to clinical standards of care; post-discharge mortality; and readmission rates for acute myocardial infarction (heart attack), heart failure, and pneumonia. The study has been conducted annually since 1993.For a copy of the report summarizing the survey findings, 100 Top Hospitals CEO Insights, visit 100tophospitals.com.About Thomson ReutersThomson Reuters is the world's leading source of intelligent information for businesses and professionals.  We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization.  With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more that 55,000 people and operates in over 100 countries.  For more information, go to www.thomsonreuters.com.SOURCE Thomson Reuters HealthcareFor further information: David Wilkins, PR Director, Thomson Reuters, Healthcare, +1-734-913-3397, david.wilkins@thomsonreuters.com