Thomson Reuters has released the health care business' annual study identifying the 100 top United States hospitals based on the facilities' overall organizational performance. Castleview garnered national recognition in the research study's small community hospitals category.
The national benchmarks study is based on a balanced scorecard that evaluates performance in nine areas: mortality, medical complications, patient safety, average length of stay, expenses, profitability, cash-to-debt ratio, patient satisfaction and adherence to clinical standards of care, explained the company. The study has been conducted annually since 1993.
"The 100 top hospitals winners raised the bar again this year, delivering a higher level of reliable care and greater value for their communities and payers," said Jean Chenoweth, senior vice president for performance improvement at Thomson Reuters.
To conduct the study, Thomson Reuters researchers evaluated 3,000 short-term, acute care non-federal hospitals.
The researchers used public information - Medicare cost reports, Medicare provider analysis and review (MedPAR) data, core measures and patient satisfaction information from the Centers for Medicare and Medicaid Services (CMS) Hospital Compare data set.
If all Medicare inpatients received the same level of care as patients treated in the winning hospitals, the study indicated that:
â¢More than 107,500 additional patients would survive every year.
â¢Nearly 132,000 patient complications would be avoided annually.
â¢Expenses would decline by $5.9 billion a year.
â¢The average patient stay would decrease by nearly one-half of a day.
"Integration of national benchmarks for improvement and top performance is an innovation that enables Thomson Reuters to identify those hospitals with a mature culture of performance improvement," pointed out Chenoweth. "The ability to objectively gauge where a hospital stands in its journey to excellence is a breakthrough in the measurement of leadership effectiveness, the success of organizational improvement strategies, and the impact of executive decisions."