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Rothman Healthcare Corporation: The Criticality of Continuity of Care in Hospitals Today - Michael Rothman, Rothman Healthcare Corporation
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Rothman Healthcare Corporation: The Criticality of Continuity of Care in Hospitals Today - Michael Rothman, Rothman Healthcare Corporation

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Michael Rothman of Rothman Healthcare Corporation, a solution provider company at the upcoming marcus evans National Healthcare CXO Summit Fall 2011, on ensuring patient safety and cost savings. …

Michael Rothman of Rothman Healthcare Corporation, a solution provider company at the upcoming marcus evans National Healthcare CXO Summit Fall 2011, on ensuring patient safety and cost savings.
Interview with: Michael Rothman, Chief Executive Officer, Rothman Healthcare Corporation

Published in Business , Health & Medicine
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  • 1. October 24-26, 2011 | Red Rock Casino • Resort • Spa | Las Vegas | NV www.healthcare-summit.com Rothman Healthcare Corporation: The Criticality of Continuity of Care in Hospitals Today Michael Rothman of Rothman Healthcare Corporation, a solution provider company at the upcoming marcus evans National Healthcare CXO Summit Fall 2011, on ensuring patient safety and cost savings. Interview with: Michael Rothman, Chief Executive Officer, Rothman Healthcare Corporation FOR IMMEDIATE RELEASE Typically, hospitalized patients are seen by a succession of clinicians, says Michael Rothman, Chief Executive Officer, Rothman Healthcare Corporation. In the handoffs between nurses, and from one doctor to another, information is lost, risking the patient’s health, extending length of stay and impacting hospital finances. As a solution provider at the upcoming marcus evans National Healthcare CXO Summit Fall 2011, in Las Vegas, Nevada, October 24-26, Rothman discusses why a lack of continuity of care in hospitals can lead to patient deterioration, longer lengths of stay and higher readmission rates, and what Healthcare Chief Executive Officers (CFOs) can do about it. Why is the lack of continuity in patient care a problem today? How does this impact hospital finances? Michael Rothman: Historically, a family physician was a patient’s doctor, but patients today are cared for by a succession of clinicians who may have never treated them before. It is in these clinician handoffs where information is lost and patient deterioration goes undetected. For instance, 60 percent of sentinel events are related to failures in communication between caregivers. In addition to the needless suffering of patients, these can be costly events to both hospitals and patients. Electronic Health Records (EHR) were meant to address this problem. Instead, they often become digitized versions of the paper hospital. It is still difficult for a clinician to extract and synthesize the valuable information buried in the EHR. Imagine an application that integrates with the EHR for the sole purpose of leveraging the existing data to empower clinicians. This could reduce lengths of stay, re-admission risk, and Rapid Response/Medical Emergency Teams’ response times. That is the power of the Rothman Index. For some hospitals (e.g., those with 500 beds), this visualization tool can lead to savings in excess of USD four million per year. Can healthcare IT systems better track patient progress, shorten lengths of stay and reduce costs? Michael Rothman: Unfortunately, complications are common, and are not necessarily easy to detect. Clinicians should be able to react before the patient becomes so ill that a transfer to an intensive care unit is required. Systems which measure a patient’s condition over time, such as the Rothman Index, allow clinicians to spot downturns in a patient’s condition by viewing a simple graph. Real-time visualization of this “condensed” form of the entire patient’s stay enables clinicians to address problems earlier, help move patients more efficiently between units, identify patients slated for discharge who are in need of further examination in order to minimize re-admission risk, and reduce length of stay by generally improving process at each stage of a patient’s stay. What long-term strategies would you recommend to healthcare executives looking to help patients and hospital bottom lines? Michael Rothman: Healthcare CEOs cannot just implement a specific program into their hospital. To maximize their ROI they must understand how it can fit in with the workflow of caregivers and become part of their staff’s daily routine. Additionally, healthcare executives need to be able to measure the impact of their initiatives, and be sensitive to any trade- offs between cost and quality of care. Cost effectiveness studies within a hospital can prove challenging due to a lack of adequate patient acuity metrics. Any strategy to help patients and reduce costs needs a yardstick to provide a standard quantification of patient acuity that follows a patient throughout the hospital. In addition to benchmarking, yardsticks can also enable nurse acuity staffing and rounding prioritization. This is the only way to know if the strategy is truly working, if there is an unseen trade-off or if there are other variables at play.
  • 2. October 24-26, 2011 | Red Rock Casino • Resort • Spa | Las Vegas | NV www.healthcare-summit.com Contact: Stacey Melvin, Journalist, marcus evans, Summits Division Tel: + 357 22 849 400 Email: press@marcusevanscy.com About the National Healthcare CXO Summit Fall 2011 This unique forum will take place at The Red Rock Casino, Resort & Spa, Las Vegas, Nevada, October 24-26, 2011. Offering much more than any conference, exhibition or trade show, this exclusive meeting will bring together esteemed industry thought leaders and solution providers to a highly focused and interactive networking event. The Summit includes presentations on solutions to the transformation of the healthcare system, improving patient care and safety and budget tactics to combat cost escalation. For more information please send an email to info@marcusevanscy.com or visit the event website at www.healthcare-summit.com marcus evans group – healthcare sector portal Please note that the summit is a closed business event and the number of participants strictly limited. About Rothman Healthcare Corporation Rothman Healthcare Corporation is committed to improving the quality and efficacy of patient care with innovative, patient-centric software that enables healthcare professionals to easily access critical and actionable patient health data. The Rothman Index generates a graph of patient condition that allows for greater continuity and quality of care while reducing costs. www.rothmanhealthcare.com About marcus evans Summits marcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discuss strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to individually tailor their schedules of keynote presentations, think tanks, seminars and one-on-one business meetings. For more information, please visit www.marcusevans.com All rights reserved. The above content may be republished or reproduced – kindly inform us by sending an email to press@marcusevanscy.com