Louisiana Alliance for Patient Safety - Pso Inc

What it reported doing in 2024

The Louisiana surgical quality collaborative (lasqc) is an initiative of Louisiana hospitals seeking to measure and improve the care of surgical patients throughout the state. The lasqc is a collaboration between the Louisiana alliance for patient safety (laps) patient safety organization (pso) and participating hospitals. The lasqc seeks to continually improve the quality of surgical care, prevent complications, and eliminate patient harm at all Louisiana hospitals using a patient-centered approach that is both data-driven and cost-effective. The goal of the collaborative is to work through barriers to achieve universal participation of the surgery staff, and the initial focus of the collaborative is on building change management skills relative to the adoption of the (continued on schedule o) surgical checklist. The collaborative will foster an environment of collaboration, learning and innovative inquiry in order to achieve its goals. The lasqc was established in 2019 and initially was partially funded through generous grants from blue cross blue shield Louisiana and the Louisiana hospital association education and research foundation. This funding significantly reduces financial barriers for Louisiana surgeons and hospitals wishing to participate in, and benefit from, the program. To gain confidentiality protections for the data that is collected, the lasqc collaborative will function within the Louisiana alliance for patient safety (laps) patient safety organization (pso); therefore, all participating hospitals will need to be, or become, a member of the laps pso for this collaboration.

Financial Efficiency

• Mission deployment rate: 0%; rating input score 0
• Program expense ratio: 0%; rating input score 0
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 90.9%; rating input score 91; 25th percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 2.2%; rating input score 44; 44th percentile among comparable filings
• Total-asset coverage ratio: 0.99; rating input score 40; 40th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
• Officer compensation ratio: 42.3%; rating input score 5; 5th percentile among comparable filings

Growth

• Program expense growth: -40.4% per year; rating input score 0; 2nd percentile among comparable filings
• Revenue growth: 4.5% per year; rating input score 100; 50th percentile among comparable filings
• Asset growth: 3.7% per year; rating input score 100; 41st percentile among comparable filings