Healthcare market intelligence provider Solucient has released its first ranking of top US hospitals. The list recognizes the hundred hospitals with the highest rates of improved patient outcomes and financial performance over a five-year period.
The first edition of 100 Top Hospitals: Performance Improvement Leaders appears in the March 15, 2004 edition of Modern Healthcare magazine and is based on an analysis of overall US hospital improvement rates between 1997 and 2001.
In the five year period, performance improvement leader hospitals, or 'PI Leaders', decreased their average mortality rate by 24%, compared to 8% for peer hospitals in the study. Patient complications at PI Leader hospitals decreased by 17%, while complications at peer hospitals decreased by only 5%. PI Leaders were able to return patients back to everyday life nearly a day quicker than at peer hospitals, which may have contributed to lower costs - expenses per discharge at PI Leader hospitals fell by 3% between 1997 and 2001, while expenses at peer hospitals increased by more than 15%.
The study analyzed acute care hospitals across the US according to key measures: risk-adjusted mortality and risk adjusted complications, average length of stay, expenses, profitability, percent of outpatient revenue, total asset turnover, and coding specificity. Information used included publicly available Medicare MedPAR data and Medicare cost reports. Five hospital classes are represented:
All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas unless otherwise stated.
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