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As each hospital partners with LifePoint, the strength and experience of our company immediately goes to work for the community. The breadth, depth and scope of these multiple resources provide our hospitals with powerful tools to achieve a new level of performance not possible for a stand-alone facility.
. Capital resources for equipment and facilities
. Strategic planning to identify high impact service line and in-market growth opportunities
. Dedicated resources for physician recruitment
. Physician relations and referral development programs
. Strategic marketing resources
. Corporate support services dedicated to quality patient care and operational excellence
Grow Your Hospital - Fighting the outmigration of patients to larger urban hospitals is a key strategy in helping our hospitals grow. LifePoint brings to the table extensive capital resources to fund the addition of new services and obtain the most advanced medical equipment and expand facilities. In part, that's because LifePoint does not pay dividends to its stockholders. Instead we consciously choose to reinvest in our hospitals and the communities we serve. As a result, each LifePoint hospital is able to attract patients and position itself as a leading healthcare provider in an increasingly competitive marketplace.
Growing our hospitals also requires a focused commitment to quality care such that 100% of our acute care hospital programs are accredited by The Joint Commission. We also raise awareness of our hospital services through strategic marketing and communication programs. Time and time again, in communities all across America, LifePoint has helped hospitals increase market share and become financially stronger.
Develop and Attract Talented Leadership - People are the strength of LifePoint. Attracting, developing and retaining high performing talent is a company-wide mission. Internal leadership development programs encourage professional growth, and excellence is rewarded through performance-based compensation. We understand that physician recruitment is key to a hospital's ability to provide as many medical services as possible. Over the years, we have successfully recruited hundreds of physicians to hospitals in LifePoint communities.
Achieve Operational Excellence - The cost of healthcare continues to outpace inflation. Keeping costs in check while maintaining a focus on quality patient care requires both attention and expertise. LifePoint has the management know-how to manage expenses and achieve operating efficiencies. Cost savings achieved through efficient operations in turn fund future investments in the hospital.
Provide Value-Added Services - Professional assistance in managing the complexities of a modern hospital is another partnership benefit with LifePoint. Opportunities for improved efficiency and financial performance exist through supply chain and revenue cycle initiatives, two of the most complex processes in healthcare administration. Negotiations with payors and suppliers at the corporate level allow LifePoint to leverage its scale to benefit our hospitals at the local level. Improvement of systems capabilities enhance operating efficiencies, and marketing programs and advertising campaigns raise consumer awareness and build a positive image for our hospitals in each of our communities.
LifePoint's Corporate team creates value for our hospitals through strategic support in many areas:
. Clinical Support and Quality Improvement
. Constituency Satisfaction
. IT Infrastructure
. Revenue Cycle Management
. Materials Management
. Insurance and Risk Management
. Regulatory Compliance and Legal Services
. Managed Care Negotiations
The terms "LifePoint," "LifePoint Hospitals," or the "Company" as used in this website refer to LifePoint Hospitals, Inc. and its affiliates, unless otherwise stated or indicated by context. The term "facilities" or "hospitals" refer to entities owned or operated by subsidiaries of LifePoint Hospitals, Inc. References to "LifePoint employees" or to "our employees" refer to employees of subsidiaries of LifePoint Hospitals, Inc.