Franciscan St. Francis Health Among Nation’s 100 Top Hospitals by Truven Health Analytics
2016 study says Indy hospital achieved highest standards for patient care, management
INDIANAPOLIS, Indiana – Franciscan St. Francis 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 marked the third time Franciscan St. Francis was recognized by Truven Health and the hospital was the only one in the Indianapolis metropolitan area to earn the 100 Top Hospitals distinction. Only two other Indiana hospitals were on the list.
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 11 key analytic 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 St. Francis Health’s 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.”
The study shows that if all hospitals in the United States performed at the level of this year's winners:
- More than 104,000 additional lives could be saved.
- Nearly 48,400 additional patients could be complication-free.
- $2 billion in inpatient costs could be saved.
- The average patient stay would decrease by half a day.
“The 2016 100 Top Hospitals award winners represent the highest national standards in hospital care and management. They set the benchmarks for peers around the country to follow,” said Jean Chenoweth, senior vice president at Truven Health Analytics. “Hospitals in three out of the five report groups actually reduced overall expenses year over year while improving patient outcomes – exactly the results that the entire industry hopes to attain.”
Truven Health researchers evaluated close to 3,000 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.
The winning hospitals were announced in the Feb. 28, 2016, edition of Modern Healthcare magazine.
More information on this study and other 100 Top Hospitals research is available at 100tophospitals.com.