FOR IMMEDIATE RELEASESeptember 18, 2012Contact:
David Ping, Sr. VP Business Development, Strategic Planning
Health Quest Announces Initiatives to EnsureHigh Quality Patient Care Despite Economy
Details include expansion investment and cost restructure
Poughkeepsie, NY – September 18, 2012 –
Health Quest announced today a number of cost-saving and revenue enhancement initiatives designed to ensure the system will be able to continueto provide the highest quality of care and service to its patients.Like many healthcare systems across the state and nation, Health Quest has seen a decrease inadmissions as patients delay all but the most emergent medical issues due to the tough economicsituation, lack of employment or fear of missing work. In addition, bad debt and charity careexpenses have risen significantly so far this year. Anticipating many of the pending financialchallenges, Health Quest embarked on a project more than a year ago to look for opportunities tocreate greater efficiencies, increase revenues and reduce expenses. This initiative provided theframework for many of the new programs being implemented and will continue to be a guide for decisions over the next several years. As outlined in the initiative, Health Quest will continue to invest in expansion of services and newprograms designed to better serve the residents of the Hudson Valley. This will allow patients toobtain specialized medical care close to home while also keeping those revenues local. Plansinclude the addition of an advanced pain management program, full time presence of gynecologiconcology surgery specialists, and expansion of the vascular surgery program. The new ambulatorysurgery center at VBMC provides much needed expansion capacity and convenience for surgeonsand patients wanting to utilize the state of the art facilities offered at Health Quest facilities.