Public Company Information:
HCA (NYSE: HCA) announced that it has received the 2005 Theodore Roosevelt Workers' Compensation and Disability Management Award for the private sector at a luncheon this week in Chicago.
Each year Risk & Insurance magazine, a weekly trade journal, presents the award to companies that have exceptional employee injury prevention and return-to-work programs. The award is named for President Theodore Roosevelt, who signed the first federal workers' compensation legislation. Companies are judged based on performance, teamwork, communication and documented tangible results.
"HCA is honored to receive this prestigious award," said James D. Hinton, Vice President of Risk and Insurance. "It is a reflection of the hard work and dedication of all our employees who collectively have improved the quality of care while reducing claims and losses associated with patient management in our hospitals."
HCA has a proven, comprehensive workers' compensation program, which includes extensive training and support for facility-based injury coordinators. Using data from HCA's approximately 190 hospitals, the company identifies facilities whose employee injury costs are not in line with other HCA facilities and develops plans to improve their performance. Because most injuries happen as caregivers move patients, HCA provides training and invests in equipment to ease the physical demands on employees in order to help prevent these injuries. The program has achieved a 32% reduction in lost-time claims over the past five years. Also, the average cost of HCA's lost-time claims has increased only about 1% annually compared to the industry's annual average of 8-12%.
HCA, which has about 190,000 employees, is the nation's leading provider of healthcare services, composed of locally managed facilities that include approximately 190 hospitals and about 90 outpatient surgery centers in 23 states, England and Switzerland.
All references to "HCA" and the "company" contained in this press release refer to HCA and its affiliates. The term "facilities" refers to entities owned or operated by subsidiaries or affiliates of HCA.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding HCA's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.
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