Analysis of finances says that better patient care can be done even if hospitals spend less on pharmaceuticals

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*1. **Analysis of finances says that better patient care can be done even if hospitals spend less on pharmaceuticals.*

Hospitals that spend less money on pharmaceuticals also take better care of their patients.

That’s one key finding from an in-depth analysis of finances and care quality at thousands of hospitals across the U.S., performed by analytics firm Thomson Reuters at the request of Modern Healthcare.

The results of the new analysis, experts say, fly in the face of a decade-old presumption that meeting quality-of-care mandates outlined in the landmark To Err Is Human report would make hospitals less profitable. The Thomson Reuters data show that hospitals with better records on patient safety and mortality spent significantly less than the average on drugs and supplies on a per-case basis.

Specifically, those on the 100 Top Hospitals list spent $987 a case for drugs, versus $1,051 for hospitals that didn’t make the list.

Ref and Read more: http://www.modernhealthcare.com/article/20110912/SUPPLEMENT/110909960#<http://www.modernhealthcare.com/article/20110912/SUPPLEMENT/110909960>

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