This assessment offers considerable value to organizations that are struggling to realize financial returns from their ASPs.
Knoxville, TN (PRWEB) September 19, 2016
In addition to saving lives, an effective antibiotic stewardship program (ASP) should lead to significant savings for healthcare organizations. With the recent development of an antibiotic stewardship program optimization analysis, PYA is helping organizations determine the level of effectiveness of their antibiotic stewardship initiatives and also the amount of savings that should result from successful efforts.
According to the Centers for Disease Control (CDC), an effective ASP can reduce antibiotic use by 22-36% with annual savings to facilities likely ranging between $200,000-$900,000. Despite those remarkable statistics, a recent study revealed that a mere 39% of hospitals meet the CDC’s Core Elements of Hospital Antibiotic Stewardship Programs.
Led by infectious disease specialist Dr. James M. Keegan, MD, PYA’s multidisciplinary antibiotic stewardship team equips hospitals, critical access hospitals, and long-term care facilities for new Joint Commission and CMS antibiotic stewardship standards. Organizations seeking an objective, ASP expert-based compliance assessment can take steps toward evaluating their ASP efforts by uploading their community biogram and answering a few brief questions on the PYA website. PYA will provide a customized analysis of antibiotic use data and community resistance characteristics to help them gauge ASP effectiveness
According to Dr. Keegan, “This assessment offers considerable value to organizations that are struggling to realize financial returns from their ASPs. Our proven results in working with healthcare organizations to implement effective ASPs have shown savings of as much as $1 million dollars for one hospital, reductions in antibiotic costs by 60% for a critical access hospital, and decreases in C. difficile rates by 50% for another hospital.”
Given the results of ASP analyses, PYA can design measures to improve antibiotic stewardship efforts based on organizations’ needs, conditions, personnel, and particular circumstances. PYA is dedicated to helping providers improve HAC scores and mitigate reimbursement penalties, improve Hospital Compare rankings, elevate awareness surrounding antibiotic preservation, and achieve the “Triple Aim” by improving population health and patient safety and the quality of care, while reducing costs.
For over three decades, PYA (Pershing Yoakley & Associates, P.C.), a national healthcare consulting firm, has helped clients navigate and derive value amid complex challenges related to regulatory compliance, mergers and acquisitions, governance, business valuations and fair market value assessments, multi-unit business and clinical integrations, best practices, tax and assurance, business analysis, and operations optimization.
PYA’s steadfast commitment to an unwavering client-centric culture has served the firm’s clients well. PYA consistently is ranked among the Top 20 healthcare consulting firms in the U.S. by Modern Healthcare. PYA affiliate companies offer clients world-class data analytics, professional real estate development and advisory resources for healthcare providers, comprehensive claims audits for self-insured Fortune 500 companies, wealth management and retirement plan administration, and business transitions consulting.
PYA assists clients in all 50 states from offices in Atlanta, Kansas City, Knoxville, Nashville, and Tampa.
For more information, please visit http://www.pyapc.com.