Joint Commission-accredited ambulatory surgery centers report return on investment in accreditation
A new independent study of 161 Joint Commission-accredited ambulatory surgery centers (ASCs) reports that for each dollar invested in accreditation, an organization sees that dollar returned plus realizes an additional $6.28 in benefits as a direct result of accreditation. The study was completed by the ROI Institute.
ASCs participating in the study identified several key areas of return, including:
- Financial: Revenue and payer reimbursement rate.
- Improvements and efficiencies: Operational efficiencies and healthcare improvement efforts.
- Risk and safety: Reduction in liability insurance cost and risk and mitigation of lawsuits.
- Staffing: Reduction in staff turnover and improved competencies of staff and supervisors.
- Study participants identified positive influences of Joint Commission accreditation; leading areas of influence included organizational sustainability, patient safety and staff competencies.
- Organizations also named skills improved through the accreditation process, such as standardizing and creating impactful policies, processes and procedures, and implementing leading practices.
For more information on the return on investment related to accredited ambulatory surgery centers, review the infographic. Additionally, read the white paper for more on the study design, findings and challenges.