News
W Squared provides retained finance and accounting services and payroll services to CredenceHealth.
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October 6, 2009
BRENTWOOD, TN - The Tennessee Hospital Association (THA) Solutions Group and CredenceHealth announce today the formation of a strategic partnership designed to continue to reduce costs and improve outcomes in hospitals across the state of Tennessee. As the premiere organization that promotes and represents the interests of all health careers, hospitals, and health systems in the state, THA Solutions Group has supported hospitals for over seventy years. In partnering with CredenceHealth, the THA Solutions Group is looking toward the future of healthcare improvement utilizing health information technology (HIT) in meaningful ways to impact the quality of care in hospitals of all sizes.
CredenceHealth's affordable web-based solutions leverage existing HIT investments in hospitals and provide immediate value in terms of both quality and financial improvements by translating clinical data into clinical intelligence in real-time. The value and functionality that the CredenceHealth suite provides will enhance the long-term quality initiatives of the THA Solutions Group and the timely formation of this powerful partnership will significantly improve hospitals' access to these tools.
According to Jim Goodloe, Senior Vice-President of the THA Solutions Group, "It is imperative, in today's market, that hospitals be able to measure the quality of the care that they give and be able to act upon the information that is captured within various systems effectively. CredenceHealth solutions provide that capability in a way that can easily be integrated into the operational routine within hospitals, resulting in improved care and reduced costs."
CredenceHealth's CHlive application automates concurrent Core Measure compliance and identifies emerging complications via a unique Clinical Intelligence Engine. Meaningful, timely, and actionable information is provided while patients are still in the hospital, utilizing evidence-based medical research and best practices (e.g. CDC standards and National Surgical Quality Improvement Project methodology). This system operates remotely, by connecting and interfacing with the disparate components of hospital information systems within the hospital IT infrastructure. Clinical intelligence is then delivered to clinicians through a web-based interface.
CredenceHealth began working in 2007 to develop and implement this system and today marks a major milestone in the life of the company. CredenceHealth President & CEO, Justin Lanning, said of the partnership, "It's always special when two organizations with aligned missions work together toward a common goal. In this case, Tennessee is yet again taking innovative steps to improve the quality of care and reduce costs. The formation of this strategic partnership will help to achieve those goals and to deliver tremendous capabilities to burdened healthcare providers statewide."
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W Squared provides retained finance and accounting services and payroll services to CredenceHealth.