Ernst & Young Joins With Doctor Quality and LTCQ, Inc. To Create Patient Safety Program for Health Care Providers.Business Editors NEW YORK--(BUSINESS WIRE)--April 24, 2001 Ernst & Young LLP LLP - Lower Layer Protocol , the professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. leader, along with Doctor Quality, a leading quality benefits management company, and LTCQ LTCQ Long-Term Care Quote , Inc., an innovative provider of clinical information services See Information Systems. to the long-term-care industry, today jointly announced that they have formed an alliance in which the three companies will develop and market a new compliance and risk-based patient safety improvement program for health care institutions. The new program will enable health care providers to implement systematic, proactive, cost-effective programs that simultaneously address providers' requirements for medical compliance, risk management, quality improvement, quality monitoring, litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. defense and support for fair reimbursement. "Quality and service excellence are the new frontiers New Frontier President John F. Kennedy’s legislative program, encompassing such areas as civil rights, the economy, and foreign relations. [Am. Hist.: WB, K:212] See : Aid, Governmental in health care," said Michael P. Emmert, managing partner of Litigation Advisory Services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal at Ernst & Young. "We are pleased to be working with two renowned health care quality companies in a strategic alliance that combines their effective, cost-efficient technology with the strong medical risk management and quality advisory services of our Litigation Advisory Services group to help health care clients improve medical compliance and clinical quality, reduce medical errors, mitigate enforcement risk and compete in the marketplace with confidence." This new program comes at a time when federal government agencies such as the HCFA HCFA abbr. Health Care Financing Administration HCFA, n.pr See Health Care Financing Administration. (Health Care Financing Administration Health Care Financing Administration, n.pr department in the U.S. agency of Health and Human Services responsible for the oversight of the Medicaid and Medicare benefit programs, including guidelines, payment, and coverage policies. ), the Office of Inspector General Noun 1. Office of Inspector General - the investigative arm of the Federal Trade Commission OIG independent agency - an agency of the United States government that is created by an act of Congress and is independent of the executive departments (OIG Noun 1. OIG - the investigative arm of the Federal Trade Commission Office of Inspector General independent agency - an agency of the United States government that is created by an act of Congress and is independent of the executive departments ) and the Department of Justice are targeting health care providers for criminal prosecution and financial penalties if they jeopardize patient safety and fail to demonstrate quality health care. An additional pressure is the recent adoption of a quality monitoring provision within Corporate Integrity Agreements. This recent addition to the OIG's enforcement arsenal requires health care providers to open their organizations to long-term scrutiny of their quality of care systems and processes in a completely unrestricted fashion. David Shulkin, M.D., chief executive officer of Doctor Quality, said, "There is unprecedented national focus on health care quality, especially on patient safety. This alliance represents an exciting opportunity for our respective firms to continue our leadership in providing patient safety solutions to the health care industry and allow providers the opportunity to improve quality and efficiency." Barry Fogel, M.D., M.B.A., executive vice president LTCQ, said, "Many health care organizations see quality-improvement and compliance programs merely as an operating cost rather than as an investment, probably because they cannot qualify the return on their expenditures in this area. Our new alliance will help them accomplish that goal." About Ernst & Young Ernst & Young is a leader in providing audit, tax and advisory services to all segments of the health care industry. Ernst & Young, a global leader in professional services, helps clients to quickly and confidently make financial decisions designed to enhance value. Its 77,000 people in more than 130 countries have the industry and financial experience to provide fresh perspectives on operating in the new economy. Ernst & Young offers traditional audit and tax services, as well as customized services in corporate finance, online security, risk management, the valuation of intangibles and e-business acceleration. In addition, legal services legal services n. the work performed by a lawyer for a client. are available in various parts of the world where permitted. A collection of Ernst & Young's latest ideas on the new economy can be found at www.ey.com/thoughtcenter. Ernst & Young refers to the U.S. firm of Ernst & Young LLP and other members of the global Ernst & Young organization. About Doctor Quality Doctor Quality, the first quality benefits management company, enables purchasers, providers and consumers to measure, compare and improve health care quality. Doctor Quality's Risk Prevention and Management System allows providers to monitor and improve health care quality and patient safety issues. The premise of quality benefits management is that by selecting and improving clinical quality and patient safety the marketplace can reward those that pursue the "quality" strategy. The mission of Doctor Quality is to help the health care community, purchasers and consumers to benefit from the highest quality health care available. About LTCQ, Inc. LTCQ, Inc. has been supporting the long-term-care industry's needs for quantitative analysis Quantitative Analysis A security analysis that uses financial information derived from company annual reports and income statements to evaluate an investment decision. Notes: of MDS-based information since 1992. Its mission is to improve the quality of care in long-term-care settings by providing information-based products that enable providers, payers, regulators, suppliers and consumers to measure quality and understand the requirements for quality improvement, risk management and appropriate reimbursement. |
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