LMH named among 100 Top Hospitals for third year in a row
Lawrence Memorial Hospital today was named one of the nation’s 100 Top Hospitals® by Truven Health Analytics for the third year in a row. Truven Health Analytics™, based in Ann Arbor, Michigan, is a leading provider of data-driven analytics and solutions to improve the cost and quality of healthcare.
Using independent, quantitative research, 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. Rather than a one-year analysis, the data reflects five-year performance in most of the categories.
The Truven Health 100 Top Hospitals study evaluates hospitals in five categories: major teaching and teaching hospitals, and large, medium, and small community hospitals. LMH was one of 20 winners in the medium community hospitals category (100-249 beds), which includes 959 hospitals nationwide, the largest category.
LMH President and Chief Executive Officer Gene Meyer said, “At LMH we aim to bring higher value to our community, and it is gratifying to earn outside recognition for our efforts. The Truven 100 Top Hospitals study proves that better care and operational efficiency can be achieved simultaneously – even during tumultuous industry change.”
“Being a Top 100 Hospital raises the bar for expectations of those we serve,” Meyer said. “When folks come into one of our many ‘front doors’ at the main campus, one of our physician clinics or any LMH facility that displays the Top 100 sign, they expect us to be the best. It requires a coordinated and dedicated team effort. I applaud our medical staff, associates, Board, volunteers and donors who focus on our patients and community to make that happen.”
To conduct the 100 Top Hospitals study, Truven Health researchers evaluated close to 3,000 short-term, acute care hospitals. They used public information — Medicare cost reports, Medicare Provider Analysis and Review (MedPAR) data, and core measures and patient satisfaction data from the Centers for Medicare and Medicaid Services (CMS) Hospital Compare reports.
The study has been conducted annually since 1993. Hospitals do not apply for consideration, and winners do not pay for use of the 100 Top Hospitals title.
Jean Chenoweth, senior vice president for performance improvement and the 100 Top Hospitals program at Truven Health Analytics, said, “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.” She added that 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.”
According to the Truven study, 100 Top Hospitals outperform their peers by demonstrating balanced excellence —operating effectively across all functional areas of their organizations. The study reveals significant differences between award winners and their non-winning peers.
The nation’s best hospitals:
- Have a lower mortality index considering patient severity
- Have fewer patient complications
- Avoid adverse patient safety events
- Follow accepted care protocols
- Have lower mortality and 30-day readmission rates
- Keep expenses low
- Send patients home sooner
- Score better on patient satisfaction surveys
The winning hospitals were announced in the March 2 edition of Modern Healthcare magazine.
More information on this study and other 100 Top Hospitals research is available at www.100tophospitals.com.