iCAD added to Russell Microcap Index
iCAD (Nashua, New Hampshire) a provider of computer-aided detection (CAD) solutions for the early identification of cancer, said it has been added to the Russell Microcap Index when the Russell Investment Group reconstituted its comprehensive set of U.S. and global equity indexes on June 22.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. The company will hold its membership until Russell reconstitutes its indexes in June 2008.
"We are pleased with our inclusion in this index, which reflects our continued positive momentum," said Ken Ferry, president/CEO of iCAD. "Russell is an industry leader for stock indexes, and we expect our inclusion will generate greater interest in our stock at an institutional investor level."
Caritas receives CoC approval
The Commission on Cancer (CoC) of the American College of Surgeons (AcoS) has granted three-year approval with commendation to the cancer program at Caritas St. Elizabeth's Medical Center (CSEMC; Boston), a Tufts University School of Medicine teaching affiliate. Caritas St. Elizabeth's is one of only a handful of hospitals in the state of Massachusetts to receive this voluntary and prestigious approval, which demonstrates to patients that they are receiving quality care in a state-of-the-art setting.
A facility receives a three-year approval with commendation following an on-site visit with a physician surveyor evaluating cancer committee leadership, cancer data management, clinical services, research, community outreach, and quality improvement. In addition, a facility receives a compliance rating for all other standards.
Study: RN understaffing increases patient risk
A new study published in the July issue of the open access journal Critical Care finds that understaffing of registered nurses in hospital intensive care units increases the risk of serious infections for patients; specifically pneumonia, a preventable and potential deadly complication that can add thousands of dollars to the cost of care for hospital patients.
The study is the second in three months to link poor ICU staffing to hospital infections, and the fourth this year to link poor RN-to-patient ratios to poor patient outcomes for hospitalized patients. The new research bolsters the case for increasing RN staffing in hospitals and limiting the number of patients assigned to a nurse as has been proposed in pending legislation, the Patient Safety Act (H.2059), currently before the Massachusetts legislature.
"This study shows that a low nurse-to-patient ratio increases the risk of late-onset VAP," said Stephane Hugonnet, one of the study investigators. "It also adds to the growing body of evidence demonstrating that adequate staffing is a key determinant and a prerequisite for adequate care and patient safety."
VAP is caused by bacteria entering the lungs as a consequence of the ventilator tubing and is one of the most common preventable problems affecting critically ill hospital patients. It can cause a stay of about an average of 10 extra days in the hospital at a cost of $10,000 to $40,000.