New Albany, IN – Baptist Health Floyd recently received an Excellence Award from VHA Inc., the national healthcare network. The award recognizes Baptist Health Floyd for documenting one of the highest levels of improvement in cost performance for physician preference items within the VHA alliance. The award was presented on Thursday, May 14, during VHA’s national Navigating to Excellence Forum, held in Las Vegas.
“We are honored to be recognized for all of our hard work. Improving supply cost performance is something that each and every person at Baptist Health Floyd plays a role in. We have always been committed to providing excellent care, while at the same time managing costs. We are proud of this recognition,” said Dan Eichenberger, MD, Interim CEO of Baptist Health Floyd.
To determine the winners of their Excellence Award, VHA evaluated the Physician Preference Item Price Index of its member hospitals using their VHA PriceLYNX analytic solution. Hospitals use the analytical tool to gain insight into where they can achieve greater savings for these specialty items. Of the VHA member hospitals reviewed for the award, Baptist Health Floyd was one of only four hospitals recognized for their improvement in 2014.
“Hospitals today are focused on making every aspect of their operations as cost effective as possible while also delivering superior clinical outcomes and patient experiences,” said Byron Jobe, VHA executive vice president of service and delivery. “Baptist Health Floyd is committed to continuous cost improvement in their service lines and quality outcomes for their patients, and we are pleased to recognize their achievements over the course of 2014.”