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Health Grades Inc. (HGRD) Inspires Enterprises to Make the Grade

Health Grades, Inc. is a NASDAQ-traded independent healthcare ratings company. Headquartered in Golden, Colorado, they provide ratings of hospitals, nursing homes, and home health agencies. These ratings are for consumers, corporations, health plans, and hospitals. Along with these ratings, Health Grades provides decision-support services that help individuals and enterprises make healthcare decisions based on the quality and cost of care.

Health Grades can provide information on physicians, including name, address, phone number, and number of years in practice. They can also provide information on whether physicians are board certified, and if they are under any state and federal sanctions. Health Grades’ information and ratings services are also useful for benefits consulting firms, payers, advertisers, and media, and websites.

Incorporated in 1995, Health Grades offers services to hospitals that want to communicate their clinical excellence to interested parties. They also offer their services to hospitals that are striving to improve their overall quality. Basic profile information for certain providers is available on the company’s website, They also offer healthcare quality reports on hospitals, nursing homes, and physicians, for a fee. These fee-based reports are much more detailed than their basic offerings.

Health Grades also has their Internet Patient Acquisition program. With this program, a physician can sponsor his or her own profile. Physician Quality Reports are then available to consumers free of charge. This program allows physicians to participate in a different marketing platform.

The company licenses their Health Management Suite of products as well. This suite of products provides quality online healthcare information for employers, benefits consulting firms, payers and other organizations. This suite is made up of modules including Hospital Quality Guide, Physician Quality Guide, Nursing Home Quality Guide, Home Health Quality Guide, Treatment Cost Calculator, Medication Cost Calculator, Health Risk Assessment, Personal Health Record, and Medical Library.

Health Grades Inc. offers ratings on more than 5,800 hospitals and over 19,000 nursing homes. They also offer ratings on more than 750,000 physicians in over 125 specialties. Health Grades Inc. continues to provide the necessary information and ratings to those who need to discern quality care at fair costs. They also serve those whose desire is to upgrade their quality of service so they can achieve higher ratings. The company is providing a service that benefits healthcare service users and their shareholders as well.

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