BOUNTIFUL--Lakeview Hospital in Bountiful is one of five Utah hospitals recognized in the 100 Top Hospitals® study nationwide, according to Truven Health Analytics. According to a release from the hospital, this was the first time in the 23-year history of its study that a notable trend toward reduced expense per patient was observed among the majority of top-performing hospitals, in addition to improved clinical outcomes.
This is the fourth year in a row and sixth time overall that Lakeview Hospital has achieved this honor. It was recognized once again in the Small Community Hospitals category.
Truven Health Analytics is a leading provider of data-driven analytics and solutions to improve the cost and quality of healthcare. Its annual 100 Top Hospitals honorees are listed in five peer comparison groups from major teaching hospitals to small community hospitals.
“I am very proud that Lakeview Hospital is among the 100 Top Hospitals once again,” said Troy Wood, CEO at Lakeview Hospital. “Our patients deserve the very best and this award confirms what we already know; when we treat every patient like our closest loved one, everything else falls into place. When we continually aspire for excellence, we deliver superior quality care. Congratulations to everyone who helped us achieve this outstanding recognition.”
Following were the key performance benchmarks for 100 Top Hospitals award winners including MountainStar hospitals when compared with their peers:
• Better Survival Rates: As a group, 100 Top Hospitals had 23 percent fewer deaths than expected considering patient severity.
• Fewer Patient Complications: Patients at winning hospitals had 21 percent fewer complications than expected considering patient severity and higher survival rates.
• Lower 30-Day Mortality and Readmission Rates: Mean 30 day mortality and readmission rates were lower at winning hospitals than non-winning hospitals across all comparison groups.
• Shorter Length of Stay: Winning hospitals had a median severity-adjusted length of stay that was a half-day shorter than peers.
• Higher Profit Overall Margins: Winning hospitals had a median operating profit margin that was nearly nine percentage points higher than non-winning hospitals.
The study also found that top performing hospitals maintained a three percent lower inpatient costs per beneficiary than non-winning peer group hospitals. It also noted a year-over-year decline in total inpatient expense per discharge among winning hospitals in the major teaching, teaching and small community hospital categories.
“Many of the 2016 100 Top Hospitals award winners are breaking the mold for high performance,” said Jean Chenoweth, senior vice president at Truven Health Analytics, in a release. “Hospitals in three out of the five hospital categories actually reduced overall expense year over year, while improving patient outcomes.”
Based on the results of this year’s study, if all Medicare inpatients received the same level of care as those treated in the award-winning facilities:
• More than 104,000 additional lives could be saved.
• Nearly 48,400 additional patients could be complication free.
• $2 billion in inpatient costs could be saved.
• The average patient stay would decrease by half a day.
If the same standards were applied to all inpatient care, the impact would be even greater.
Conducted annually since 1993, the national 100 Top Hospitals study identifies hospitals and leadership teams that provide the highest level of value to their communities.
The equally weighted scorecard measures overall organizational performance across 11 key analytic measures.
including patient care, operational efficiency and financial stability.
More information on this year’s study and other 100 Top Hospitals research is available at 100tophospitals.com.