Established and trusted provider of objective clinical data to physicians and hospitals announces formation of The Hospital Turnaround Company to save troubled hospitals

VENTURA, Calif., July 14, 2020 /PRNewswire-PRWeb/ -- Dr. Dennis J. Patterson, Founder and Chairman of Verras, 3-decade old healthcare informatics firm, is pleased to announce the formation of its subsidiary, The Hospital Turnaround Company (HTC). HTC will save hospitals in jeopardy of closing its doors on the community they serve. By rejecting a slash and burn approach, it will use an emphasis on quality and cost (value) engaging the medical staff using its patented technology to measure the hospital's overall and each physician's outcome of care. "Physicians generate all resources utilized in a hospital," said Dr. Patterson. "Using our detailed Clinical Acuity Analytics™, we partner with the hospital's physicians to create the solution quickly by using clinical best practice pathways to lower cost while improving quality. The American College of Healthcare Trustees has endorsed our unique approach."

Verras was founded in 1982 with a plan to provide transparent data analytics to the healthcare industry and those who pay for it. Verras creates high-performing hospitals, through a transformational process leveraging physician practices, clinical documentation, productivity, and organizational change management. It has been recognized and endorsed by the American Hospital Association.

Verras owns several proprietary and patented analytic solutions. These solutions include:

• Acuity Index Method™ (AIM), a unique solution for severity adjustment of clinical data;
• Verras Sherlock™, a one of a kind solutions for measuring clinical variation;
• Verras Watson™, a solution developed to assemble each case at the order level and compare a single physician or group of physician's cases to demonstrate best practice;
• Medical Value Index™ (MVI), a patented method for calculating the value of hospitals compared both nationally and by markets.

Verras' solutions and recent changes in the healthcare market have now uniquely positioned Verras to meet the new challenges. As a result of regulatory and reimbursement changes the Verras offerings are now perfectly aligned with industry needs. For the first time, hospitals are being reimbursed based on quality of care (value-based) rather than simply receiving "paid discount to charges". Verras' solutions are squarely focused on assisting all members of the healthcare continuum in enhancing value by improving quality of clinical care and reducing costs.

To learn more about Verras (Verras.com) and The Hospital Turnaround Company (hospitalturnaround.com), visit our websites or call Thomas Kish, President at 888-791-5556.

About ACHT
The American College of Healthcare Trustees (ACHT) is a national professional association dedicated to promoting high performing, competent, qualified, ethical governance and leadership in healthcare that is person-centered and accountable by providing continuing education, resources, and networking.
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SOURCE American College of Healthcare Trustees