This article reflects the growing importance of clinical quality and patient safety in the eyes of multiple stakeholders: patients, physicians, payers, employers, and hospitals. In the Summary Opinion, the authors write, “Moody’s anticipates that in the short-term, strategies to improve quality and patient safety will likely reduce operating results for many hospitals as the tools and steps to implement the strategy may require adding costs faster than benefits are realized. However, hospitals that eventually demonstrate a sustainable link between quality investments and better clinical outcomes will likely gain competitive advantage, thereby improving financial performance and possibly their bond ratings.”

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