Hospital performance assessment is complicated, and parsing through the vast quantity of financial, clinical, and quality data can be overwhelming. There are hundreds of metrics for administrators to track, and every hospital has unique performance goals. While some prioritize financial performance, others may seek to improve clinical outcomes. Effective performance tracking and data analysis can strengthen a facility’s financial performance, improve clinical outcomes, and raise quality scores, according to a new infographic by Definitive Healthcare, LLC.
The infographic outlines five essential hospital performance metrics.
A laser focus on population health interventions and processes can generate immediate revenue streams for fledgling accountable care organizations that support the hard work of creating a sustainable ACO business model. This population health priority has proven a lucrative strategy for Caravan Health, whose 23 ACO clients saved more than $26 million across approximately 250,000 covered lives in 2016 under the Medicare Shared Savings Program (MSSP).
Profiting from Population Health Revenue in an ACO: Framework for Medicare Shared Savings and MIPS Success examines Caravan Health’s population health-focused approach for ACOs and its potential for positioning ACOs for success under MSSP and MACRA’s Merit-based Incentive Payment System (MIPS).
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Tags: healthcare performance metrics, hospital performance metrics, performance improvement
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