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On August 11, the Healthcare business of Thomson Reuters announced the release of the fifth edition of the 100 Top Hospitals: Performance Improvement Leaders study.
The Performance Improvement Leaders:
- Had fewer than expected patient deaths and adverse safety events
- Increased expenses only 2.5 percent during the five-year study period, on average
- Increased profit margin from less than 1 percent to 6.9 percent
- Reduced average length of stay by nearly a day, despite greater severity of illness
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Read about the study in Modern Healthcare
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The most recent 100 Top Hospitals National study shows the Midwest as the clear leader in hospital performance. Now home to nearly half of the National winners, 92 percent of the Midwestern states are in the two top performance quintiles as measured on the study's balanced scorecard measures.
One thing the leaders of Midwest hospitals have done to realize this success is to embrace collaboration. This collaboration has extended beyond other hospitals to employers, competitors, and even payers—to increase transparency and high performance.
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Webinar: Understanding the Performance Improvement Leaders Study »
Press Release: Hospitals in Texas, Florida and New York Set Pace for Improved Performance, According to Thomson Reuters Study
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Research: HCAHPS 2008: Comparison Results for 100 Top Hospitals Winners versus Non-Winners »
Demand for major cardiovascular conditions is declining; hospitals are seeing significant growth in medical patients with complex illnesses such as kidney failure, skin infection, and bloodstream infection. Of the top eight growing service lines, only orthopedic is largely elective. This is due to more hip and knee replacement surgeries.
Source: ACTracker® 2007
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