Dartmouth-Hitchcock Medical Center Awarded 5-Star Hospital Award by Patient Safety Movement Foundation for Efforts to Eliminate Preventable Deaths
The Patient Safety Movement Foundation presented Dartmouth-Hitchcock Medical Center (DHMC) with the Foundation’s 5-Star Hospital award for making commitments in alignment with the Patient Safety Movement Foundation’s evidence-based Actionable Patient Safety Solutions (APSS). The APSS addresses patient safety challenges that hospitals are facing daily and offer solutions designed to help hospitals eliminate preventable patient deaths.
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The Patient Safety Movement Foundation presented the award virtually to Dartmouth-Hitchcock’s (from left to right): Associate Chief Quality Officer, Quality Assurance & Safety, Lori B. Key, MBA, RN, and Chief Quality & Value Officer, George T. Blike, MD, MHCDS (Photo: Business Wire)
“Each year, more than 200,000 patients die from preventable hospital errors in the U.S., and 4.8 million across the globe. Those numbers are simply not acceptable and unthinkable,” said David Mayer, MD, Patient Safety Movement Foundation CEO. “Our 5-Star Award acknowledges the commitment these organizations have made toward achieving ZERO preventable deaths. The leadership demonstrated by these leaders is a model others can follow in instituting best practices in patient care.”
Mayer virtually presented the award to Dartmouth-Hitchcock’s Associate Chief Quality Officer, Quality Assurance & Safety, Lori B. Key, MBA, RN, and Chief Quality & Value Officer, George T. Blike, MD, MHCDS. You can view the presentation here: https://www.youtube.com/watch?v=yevVBFjc-3M&feature=youtu.be
This award is a result of the collective work of DHMC employees and leaders who adopted the principles of high reliability and demonstrate those behaviors by establishing safety behaviors, reporting opportunities to improve systems and processes, and by providing individual expertise in designing and implementing quality and safety improvements.
“We’re very honored to receive this award and very pleased to be part of this movement and committed to a group that has the philosophy of ‘all teach, all learn and all improving’ when it comes to patient safety,” said Blike. “The spirit of sharing, learning, growth and improvement is what we value as an organization.”
More than 4,793 hospitals across 48 countries have committed to implementing one or multiple of the APSS developed by the Patient Safety Movement Foundation workgroups. For more information about the 5-Star Hospital program, please visit:
About Dartmouth-Hitchcock Health: DARTMOUTH-HITCHCOCK HEALTH (D-HH), New Hampshire’s only academic health system and the state’s largest private employer, serves a population of 1.9 million across northern New England. D-H provides access to more than 2,000 providers in almost every area of medicine, delivering care at its flagship hospital, Dartmouth-Hitchcock Medical Center (DHMC) in Lebanon, NH. DHMC was named again in 2020 as the #1 hospital in New Hampshire by U.S. News & World Report, and recognized for high performance in 9 clinical specialties and procedures. Dartmouth-Hitchcock also includes the Norris Cotton Cancer Center, one of only 51 NCI-designated Comprehensive Cancer Centers in the nation; the Children’s Hospital at Dartmouth-Hitchcock, the state’s only children’s hospital; affiliated member hospitals in Lebanon, Keene, and New London, NH, and Windsor, VT, and Visiting Nurse and Hospice for Vermont and New Hampshire; and
The fitness industry has changed, and Peloton (PTON) stands to reap the benefits. Truist Securities’ Youssef Squali recently surveyed 1,500 consumers to gain insights on exercise habits and related preferences, with the findings only reaffirming the analyst’s confidence in PTON.
Throughout most of the U.S., gyms have reopened, but consumers aren’t hitting the locker room. Still nervous about going back to fitness centers, only 45% of respondents have been to a gym or an exercise class since the onset of the pandemic. Additionally, 33% are visiting the gym less frequently than before COVID-19.
Going forward, most survey participants noted that their longer-term exercise plans will incorporate a larger at-home component. Nearly 60% of gym-goers plan to cancel at least one gym membership as a result of COVID, including 33% who have already done so, while 55% plan to exercise at home more often even if a vaccine is widely-available.
Calling the number of gym-goers that have already canceled at least one membership “striking,” Squali thinks it could “portend greater pressure for gyms ahead.”
Expounding on this, the analyst stated, “This also suggests that the shift towards at-home fitness is likely to continue into 2021 and beyond. We believe many gym-goers, when faced with the reality of not being able to visit their fitness centers for an indefinite amount of time, have experienced and warmed to the benefits of working out from home (convenience, cost, time savings, etc.). We anticipate that this dynamic will outlive COVID.” To this end, Squali sees this trend as a tailwind for PTON.
Of the 1,169 respondents who worked out at least once a month, 54% made a fitness equipment or services related purchase for home use. It should be noted that out of this group, 40% had no plans to make an at-home fitness-related purchase before the pandemic.
“We believe this is a trend that helped drive better than expected earnings these last few quarters for Peloton. This also supports Peloton’s thesis that its serviceable addressable market (SAM) has expanded beyond its initial 14 million estimate to 20 million, as consumers who may not have considered purchasing at-home equipment previously are now a growing base of customers… With a very strong NPS, expanding product line and geographies, and continued brand marketing pushes, we believe that the TAM/SAM opportunities are likely to continue to expand over time,” Squali explained.
What’s more, Peloton was cited as the top brand that consumers would buy. “This speaks to the strength of the Peloton brand among younger, less affluent consumers, and runs contrary to the thesis held by some that that Peloton remains an exclusive brand and therefore targeting a niche segment (see page 3/4 for figures),” in Squali’s opinion.
As bikes are gaining share in the at-home exercise equipment market and PTON’s lower-priced products are attracting major interest, Squali remains on board this fitness train.
Accordingly, Squali reiterated a Buy rating. He also bumped up the price target from $115 to $144. This target puts