Franciscan Health Indianapolis Among Nation's 100 Top Hospitals
INDIANAPOLIS, Indiana – Franciscan Health Indianapolis has been named one of the nation's 100 Top Hospitals® by Truven Health Analytics™, a provider of data-driven analytics and solutions to improve the cost and quality of healthcare.
This marks the fourth time Franciscan Health Indianapolis has earned the Truven Health 100 Top Hospitals distinction among teaching hospitals. Only three other Indiana hospitals were on the list.
2017 Study Says Indy Hospital Achieved Highest Standards for Patient Care, Management
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 measuring overall organizational performance across key measures including patient care, operational efficiency and financial stability. The study has been conducted annually since 1993.
"This is a tremendous honor and we are pleased to receive this recognition," said James Callaghan, MD, Franciscan Health president and CEO. "It attests to the collaborative efforts and dedication of our physicians and staff, all of whom deliver extraordinary care and outcomes for the patients we are privileged to serve."
Based on the results of the 2017 study, if all Medicare inpatients received the same level of care as those treated in the award-winning facilities:
- Nearly 89,000 additional lives could be saved
- Over 61, 000 additional patients could be complication-free
- $5.6 billion in inpatient costs could be saved
- The average patient stay would decrease by half a day
"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."
Truven Health researchers evaluated 2,740 short-term, acute-care, nonfederal hospitals. 100 Top Hospitals® researchers use risk-adjusted methodologies to analyze public information, including Medicare cost reports, Medicare Provider Analysis and Review data, and core measures and patient satisfaction data from the Centers for Medicare and Centers for Medicare & Medicaid Services' Hospital Compare reports.
Hospitals do not apply, and winners do not pay, to market the 100 Top Hospitals study.
For more information about the results and details of the study, visit 100tophospitals.com.
By Joe Stuteville
Media Relations Manager, firstname.lastname@example.org