DAYTONA BEACH, Fla., March 10, 2017 For the second year in a row, Florida Hospital Memorial Medical Center is the only hospital in the area to be named one of the nations 100 Top Hospitals by Truven Health Analytics.
Part of the IBM Watson Health(TM) business, Truven Health Analytics is a leading provider of information and solutions that support healthcare cost and quality improvement.
The Truven Health 100 Top Hospitals is the most comprehensive, academically driven study of its kind and has been conducted annually since 1993.
It evaluates clinical and operational performance in 11 areas, addressing: inpatient mortality, 30-day mortality rate, complications, core measures, 30-day risk-adjusted readmission rate, severity-adjusted average length of stay, mean emergency room throughput, inpatient expense per discharge, Medicare spend per beneficiary, adjusted operating profit margin, and Hospital Consumer Assessment of Healthcare Providers and Systems (HCAHPS) score.
What's really exciting about this particular award is that it isn't something we applied for. Instead, Truven independently evaluates very important aspects of health care, such as patient care, operational efficiency, and financial stability, said Ed Noseworthy, Florida Hospital Memorial Medical Center CEO. I'm really proud of this designation, as it serves as a powerful testament to our staff's dedication to providing the highest standard of care and improvement. This is the work that we do every day and we are so humbled to be listed among the top 100 hospitals in the nation.
Based on the results of this years study, if all Medicare inpatients received the same level of care as those treated in the award-winning facilities:
- Nearly than 89,000 additional lives could be saved,
- Over 61,000 additional patients could be complication-free,
- Over $5.6 billion in inpatient costs could be saved,
- The average patient stay would decrease by half a day,
- Over 300,000 fewer discharged patients would be readmitted within 30 days, and
- Patients would spend nine minutes less in hospital emergency departments per visit.
The hospital industry's ongoing transition from fee-for-service to value-based care appears to be bearing some positive results for both patients and payers, said Jean Chenoweth, senior vice president at Truven Health Analytics. The magnitude of improvement we've observed over the last five years is greater than any other five-year period we've tracked. On top of that, this year's winners have reached new highs in performance in comparison to peers across the country, which suggests that improvement in value from hospitals is likely to continue.
The winning hospitals were announced in the March 6th edition of Modern Healthcare magazine. For more information, visit 100tophospitals.com.
About Florida Hospital Memorial Medical Center
Florida Hospital Memorial Medical Center is a member of Adventist Health System, a faith-based health care organization with 46 hospital campuses and nearly 8,200 licensed beds in 10 states. Our locations include Florida Hospital Memorial Medical Center in Daytona Beach and Florida Hospital Oceanside in Ormond Beach, as well as outpatient facilities in Port Orange, Daytona Beach Shores and New Smyrna Beach. With 293-beds, Florida Hospital Memorial Medical Center is one of the six Florida Hospitals in Volusia and Flagler counties that composes the Florida Hospital East Florida Region. As the largest hospital system in the area, the Florida Hospital East Florida Region has 923 beds and more than 6,000 employees. With a mission to extend the healing ministry of Christ, the Florida Hospital East Florida Region collectively contributed nearly $120 million in benefits in 2015 to the underprivileged, the community's overall health and wellness and spiritual needs, and capital improvements.
About Truven Health Analytics, part of the IBM Watson Health business
Truven Health Analytics, part of the IBM Watson Health business, provides market-leading performance improvement solutions built on data integrity, advanced analytics and domain expertise. For more than 40 years, our insights and solutions have been providing hospitals and clinicians, employers and health plans, state and federal government agencies, life sciences companies and policymakers, the facts they need to make confident decisions that directly affect the health and well-being of people and organizations in the US and around the world. The company was acquired by IBM in 2016 to help form a new business, Watson Health. Watson Health aspires to improve lives and give hope by delivering innovation to address the worlds most pressing health challenges through data and cognitive insights.
Truven Health Analytics owns some of the most trusted brands in healthcare, such as MarketScan, 100 Top Hospitals, Advantage Suite, Micromedex, Simpler and ActionOI. Truven Health has its principal offices in Ann Arbor, MI, Chicago, IL and Denver, CO. For more information, visit truvenhealth.com