American International Group Inc (NYSE:AIG) study- teamwork hurdle to patient safety

Northern, WI 04/22/2013 (usastockreport) – A study conducted by the insurer, American International Group Inc (NYSE:AIG) (Closed: $38.88, Up by 1.41%) found that inadequate communication and teamwork is hampering patient safety in hospitals in the United States. According to a statement from AIG, over 42 percent of the executives and more than 50 percent of hospital risk managers who were surveyed said that the greatest safety threat was linked to communications, teamwork or culture. The New York-based insurer repaid a United States bailout in December. It provides insurance coverage against risks such as property damage and medical liability to over 2,000 hospitals. It is also in the business of workers compensation insurance.

Hospital issues

AIG said that it had surveyed 100 risk managers and 250 hospital executives in hospitals in the U.S, over the phone. This is part of its efforts to help in the improvement of patient safety and lowering costs. In a statement, American International Group’s division manager for health care risk consulting, Emily Rhinehart said that improving patient safety provides a quick return on investment. In addition to these two factors, there are several other factors that prove to be a hurdle on the path to patient safety. This includes the hand-off of patients amongst various hospital staff members.

According to the study, documentation also has numerous burdens attached to it and is considered to be a challenge area. There is also a widespread perception that nurses fear retaliation if they discuss the safety aspect in hospitals. A large percentage of executives and risk managers said that for 2013, their No1 priority was patient safety.

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