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Moving into 2013 on solid financial footing

2012 was both a challenging year for Swedish, and one of the strongest in our 102-year history. I now refer to it as our second most important year ever, with the first being our founding.

This year was challenging because at this time last year we were losing significant amounts of money. We started our 2012 fiscal year projected to absorb a $90 million operating loss. Instead, we ended the year with a $39.9 million positive operating margin – resources we invest directly back into Swedish to support the care and services we provide our patients and communities. That is a $130 million momentum swing that was achieved through the hard work and focus of every Swedish employee; each played a part in making the necessary and significant changes that put Swedish back on solid financial footing.

There were many difficult decisions made in 2012 that resulted in Swedish becoming a more efficient organization. Changes were needed to reduce costs, gain efficiency, improve process and invest in future growth.

That included ...

The Leapfrog Group Names Swedish/First Hill Among Nation’s Top Urban Hospitals

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(Left to right) Leah Binder, president and CEO of The Leapfrog Group, presents the Top Hospital Award to Director of Quality and Patient Safety Mary Gregg, M.D., Chief Medical Officer John Vassall, M.D., and Quality and Patient Safety Data Analyst Mike Weidemann.

SEATTLE, Dec. 4, 2012 – The Leapfrog Group’s annual class of ‘Top Hospitals’ – just 89 from a field of nearly 1,200 – was announced today in Baltimore, Md., and includes Swedish Medical Center/First Hill for the third year in a row. The announcement took place at Leapfrog’s Annual Meeting.

Swedish Receives $2.5 Million Grant from the Ivy Foundation to Advance Brain Cancer Research

SEATTLE, Nov. 29, 2012 - Swedish Medical Center announced today that the Ben and Catherine Ivy Center for Advanced Brain Tumor Treatment (Ivy Center) will receive an additional $2.5 million grant from the Ben & Catherine Ivy Foundation (Ivy Foundation). The grant, the second received from the Ivy Foundation in three years, will be used to identify new drugs with potential for clinical use in brain cancer treatment.

Swedish’s First Hill and Ballard Campuses Awarded an ‘A’ for Patient Safety by Hospital Safety Score

SEATTLE, Nov. 28, 2012 – Swedish Medical Center’s First Hill and Ballard campuses were honored today with an ‘A’ Hospital Safety Score by The Leapfrog Group, an independent national nonprofit run by employers and other large purchasers of health benefits. The A score was awarded in the latest update to the Hospital Safety Score – the A, B, C, D or F scores assigned to U.S. hospitals based on preventable medical errors, injuries, accidents, and infections. The Hospital Safety Score was compiled under the guidance of the nation’s leading experts on patient safety and is designed to give the public information they can use to protect themselves and their families.

In-Room Massages for New Moms Come to Swedish/Issaquah

For many of us, a massage is a reward we give ourselves after a stressful week or while on a dream vacation. However, what about a massage after one of life’s most physical – and often painful – events: childbirth.

Childbirth is always unpredictable, but postpartum recovery doesn’t have to be. A postnatal massage service (Postnatal Body Therapy™ by Bavia™) is now available at the Swedish/Issaquah campus...

Swedish Issaquah ER Receives National Recognition for Patient Satisfaction

ISSAQUAH, WASH., Nov. 21, 2012 – When people think of an emergency room (ER) the words ‘patient satisfaction’ are probably not the first that come to mind. However, at the Swedish Issaquah ER patient satisfaction is a top priority – and now the facility has been nationally recognized for its work in this area.

Swedish Pediatrics to Host Annual Holidays at The Hospital Community Event Dec. 2

SEATTLE, Nov. 20, 2012 - Swedish Pediatrics is hosting its third-annual Holidays at The Hospital event for their patients, families, friends and the community at large. This free and festive holiday celebration will be held Sunday, Dec. 2 from 1-4 p.m. in the 1101 Madison Medical Tower lobby on the Swedish/First Hill campus in Seattle.

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