Stormont-Vail HealthCare has been named one of the nation’s 100 Top Hospitals® by Truven Health Analytics,TM a leading provider of data-driven analytics and solutions to improve the cost and quality of health care.
The Truven Health 100 Top Hospitals® study identifies hospitals and leadership teams that provide the highest level of value to their communities, based on a national balanced scorecard. The 100 Top Hospitals balanced scorecard measures overall organizational performance across 11 key analytic measures including patient care, operational efficiency and financial stability. The study has been conducted annually since 1993. This is the first year Stormont-Vail has been recognized with the 100 Top Hospitals award.
“Having Stormont-Vail receive this honor, ranking us among the best hospitals in the country on overall performance, is tremendous,” said Randy Peterson, president and chief executive officer of Stormont-Vail HealthCare. “Being identified as a 100 Top Hospitals award winner establishes us as high performing health care organization providing exceptional value to our community, and positions us as a national leader. Our medical staff, employees and leadership have worked hard to achieve these national benchmarks and should be very proud.”
To conduct the 100 Top Hospitals study, Truven Health researchers evaluated close to 3,000 short-term, acute-care, nonfederal hospitals. Risk-adjusted methodologies were used to analyze public information – Medicare cost reports, Medicare Provider Analysis and Review (MEDPAR) data, and core measures and patient satisfaction data from the Centers for Medicare & Medicaid Services (CMS) Hospital Compare reports. Hospitals do not apply, and winners do not pay to market this honor.
The winning hospitals were announced in the March 2, 2015, edition of Modern Healthcare magazine.
“This year’s 100 Top Hospitals represent the highest national standards in hospital care and management today. They set the benchmarks for peers around the country to follow – consistently delivering outstanding quality of care, satisfaction and community value at a reasonable cost,” said Jean Chenoweth, senior vice president for performance improvement and the 100 Top Hospitals program at Truven Health Analytics. “The majority of the 2015 award winners have produced year-to-year performance improvement, as well. This speaks to the consistent focus on excellence by the entire organization and the men and women who serve patients.”
The study shows that if all hospitals in the U.S. performed at the level of this year's winners:
- 126,471 additional lives could be saved
- 108,926 additional patients could be complication-free
- $1.8 billion in inpatient costs could be saved
- The average patient stay would decrease by half a day
- Episode-of-illness expense would be 2 percent lower than the peer average
More information on this study and other 100 Top Hospitals research is available at 100tophospitals.com.