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Global Health Support Service Benchmark Study to Combat Growing Healthcare Costs and Prepare for Likely Health Care Reforms

Sunday, November 18, 2007 General News
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LOS ANGELES, Nov. 18 A new benchmarking study was launchedtoday to measure the cost and efficiencies of US hospitals and healthcareproviders.

The study compares US hospitals' support services with hospitals in theirown state, across the US, and internationally.
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"This study could be a real eye opener ... finding those effectivepractices that could save costs or release big gains in productivity" GlobalBenchmarking Director, Chris Bishop said.
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Reduced costs, improved efficiency and smarter risk management are amongthe key benefits found in a range of core performance areas of previousbenchmarking studies.

Mr. Bishop said that, "the previous international studies had resulted insubstantial cost reduction for hospitals. This included hospitals reducingtheir vehicle claims by up to 43% per year, and improving the energyefficiency of buildings. Many of the gains have been painless to the hospitalsoften from negotiating with suppliers based on true market information."

The unique aspect of this study is that it focuses on the key supportservice inputs to driving better clinical outcomes. The study measures andcompares each hospitals performance to identify areas of improvement.

This is the fourth benchmarking study of its kind undertaken since 1999.The first two studies were led by former accounting giant, Arthur Andersen.Reset Group further developed this initiative to provide clients withrelevant, accurate and independent data presented to best meet theexpectations of management and stakeholders.

Mr. Bishop expects around 750 Hospitals and healthcare providers toparticipate in the study. Each individual hospital can participate online atwww.resetgroup.com. Only those organizations who submit data will be allowedto view the performance reports.

Reset Group was created in 2002 from former staff of global managementconsulting firms, Arthur Andersen and Ernst & Young. Reset Group has officesbased in Los Angeles, London, Sydney and Wellington.

SOURCE Reset Group
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