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Outpatient Therapy

Grow Your Rehab Therapy Practice Using Paid Ads and Search Engine Marketing

When done right, paid advertising and search engine marketing are amazing tools to reach new patients and grow your business. By applying several basic tactics, you can start using powerful digital advertising platforms like Google and Facebook to target specific audiences and help ensure a steady flow of business for your practice. Click to View […]

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Five Key Stressors Hospice Professionals Face, with Guidance for Support

Hospice professionals help others face death and loss, while juggling interdisciplinary communications, quality compliance regulations and ever-evolving technologies. You are continually there for families and their dear ones who are passing away. But what about you? Get the eBook In caregiving professions, it is easy to get swept up in the needs of others and forget […]

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Leadership

Net Health’s CIO discusses diversity and how it can build a stronger organization

Diversity in the workplace is an on-going issue but it’s an issue with solutions. To build diversity, it takes forward-thinking initiatives, a reexamination of the hiring philosophy, and the support of the company’s decision-makers.  One such supporter of diversity in the workplace is Net Health’s CIO, Jason “JJ” James.  Recent social movements like Black Lives […]

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Tough Questions | Real Answers: Net Health’s Fireside Chat about Race

Net Health did something different recently. Nearly two hundred employees and their families gathered around their computer screens to take part in a landmark event in our company’s history – we called it a “Fireside Chat about Race”.  The purpose of this event was to have a truly open conversation about the controversial but relevant […]

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Industry News Employee Health Here’s What the Numbers Say: IBM Watson Top 100 Hospitals

Here’s What the Numbers Say: IBM Watson Top 100 Hospitals

June 14, 2018 by Net Health

IBM Watson released its Top 100 Hospitals of 2018 in May, evaluating 2,785 hospitals across the United States. The annual study looks for top-performing hospitals in the U.S. based on a balanced scorecard evaluating ‘publicly available clinical, operational, and patient satisfaction metrics and data’. The metrics include analysis of key performance measures including better survival rate, fewer complications and infections, shorter length of stay, shorter emergency department wait times, lower inpatient expenses, higher profit margins, and higher patient satisfaction scores. To land in the Top 100 Hospitals is an honor healthcare networks, but more than that, it sets a standard for how other hospitals should perform. What does it mean to stack up against a Top 100 hospital? Let’s take a look at some performance indicators:

  • The Top 100 had 18.7% fewer healthcare-associated infections (HAIs). HAIs can cause serious financial burdens and are responsible for tens of thousands of lives. The U.S. Department of Health and Human Services (HHS) has previously identified the reduction of healthcare-associated infections as an Agency Priority Goal.
  • The Top 100 hospitals maintained a median profit margin that was 10.6% higher than their peers. From a productivity standpoint, Top 100 Hospitals have the formula for an efficient and effective care. Patients see the value in top quality healthcare, and because of this Top 100 hospitals are prioritized as treatment centers. Added to this, Top 100 hospitals also averaged a 7% lower inpatient discharge cost.
  • Top Performing Hospitals show that 35.2% of hospitals have improved their 30-day re-admission rate. Patients get better and stay better at these hospitals. Readmission is incredibly costly to hospitals – Centers for Medicare & Medicaid Services (CMS) will dock medicare payout to hospitals with readmission rates too high.
  • When compared to peer hospitals, hospitals that ranked in the Top 100 had a 3.4% higher patient satisfaction and 12.2% of those hospitals achieved significant improvement in the Hospital Consumer Assessment of Healthcare Providers and Systems (HCAHPS) patient satisfaction scores. Generally speaking, patients in Top 100 hospitals were more satisfied with their treatments.

Net Health products are currently implemented in 36 of the Top 100 Hospitals. We are proud to be supporting the life-changing work pursued by distinguished healthcare groups.

To look further at what these statistics represent, look at a comparison example prepared by Healthleaders Fact File:

Extrapolating 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 102,000 additional lives could be saved
  • More than 43,000 additional patients could be complication-free
  • More than $4.4 billion in inpatient costs could be saved
  • Approximately 200,000 fewer discharged patients would be readmitted within 30 days

Want to see the full Fact File? Download the infographic by clicking here. 

Sources:
https://health.gov/hcq/prevent-hai.asp
https://www.prnewswire.com/news-releases/ibm-watson-health-announces-100-top-hospitals-300607878.html

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Filed Under: Employee Health, Industry News, Occupational Medicine, Rehab Therapy, Urgent Care, Wound Care

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