National Study Shows MedCath Hospitals Excel in Key Patient Care Measures
October 24 2006 - 10:00AM
PR Newswire (US)
For Sixth Consecutive Year, MedCath Hospitals on Average Show Lower
Mortality Rates and Shorter Lengths of Stay than Peer Hospitals
CHARLOTTE, N.C., Oct. 24 /PRNewswire-FirstCall/ -- The Lewin Group,
Inc., a nationally recognized consultant to the health and human
services industries, has completed a national study which
demonstrates again that MedCath heart hospitals deliver superior
clinical results in several critical patient categories, MedCath
Corporation (NASDAQ:MDTH) announced today. The report, "A
Comparative Study of Patient Severity and Quality of Care between
MedCath Heart Hospitals and Peer Hospitals for 2005 Discharges,"
analyzes publicly available Medicare data for the federal fiscal
year 2005 - the latest year available. Compared with the 1,109 U.S.
hospitals that perform open-heart surgery, the report indicated
that MedCath heart hospitals: - Exhibit a 29.4 percent lower
in-hospital risk adjusted mortality rate for Medicare cardiac
cases. - Have 24.9 percent shorter lengths of stay for cardiac
cases, on a severity-adjusted basis. - Are 22.9 percent more likely
to discharge patients to their homes rather than another medical
care facility. - Have a 23.7 percent higher case mix for cardiac
patients, on an APR-DRG severity adjusted basis, which takes into
account case complexity and patient severity. This is the sixth
consecutive year that MedCath contracted with Lewin to conduct the
study, and the results are consistent with the previous five years.
The 12 hospitals that MedCath operated in the fiscal year that
ended Sept. 30, 2005, were compared with the 1,109 peer hospitals
that perform open- heart surgery in the United States (205 of which
were major teaching hospitals - hospitals that have an interns and
residents to bed ratio of 0.25 and above). "We are proud of the
excellent clinical results at our hospitals," said Ed French,
MedCath's president and chief executive officer. "We are
particularly pleased that we have been able to achieve these
excellent results year after year. We always have believed in our
patient-focused approach, which features close cooperation with
physicians to provide the best environment to treat cardiovascular
disease. Once again, Lewin's extensive study of the data
demonstrates that our approach is yielding superior results." The
Lewin study results, for the latest year and recent years: Category
Year MedCath Peer Hospitals In-hospital mortality rates, risk
adjusted 2005 1.51% 2.14% 2004 1.86% 2.31% 2003 1.94% 2.36% Average
Length of Stay, severity adjusted 2005 3.52 days 4.69 days 2004
3.46 days 4.75 days 2003 3.69 days 4.79 days % Patients Discharged
to Home 2005 84.7% 68.9% 2004 83.8% 68.8% 2003 86.9% 71.1% An
executive summary of the report is available at
http://www.medcath.com/. Part of Quintiles Transnational Corp., The
Lewin Group is a Falls Church, Va.-based health and human services
consulting firm with more than 30 years of experience finding
answers and solving problems for key organizations in the public,
non-profit and private sectors. MedCath Corporation, headquartered
in Charlotte, N.C., is a healthcare provider focused primarily on
the diagnosis and treatment of cardiovascular disease. MedCath
focuses on serving the unique needs of patients suffering from
cardiovascular disease. MedCath owns interests in and operates
eleven hospitals with a total of 667 licensed beds, located in
Arizona, Arkansas, California, Louisiana, New Mexico, Ohio, South
Dakota, and Texas. In addition, MedCath manages the cardiovascular
program at various hospitals operated by other parties. Further,
MedCath provides cardiovascular care services in diagnostic and
therapeutic facilities located in various states. DATASOURCE:
MedCath Corporation CONTACT: O. Edwin French, President & Chief
Executive Officer, or James E. Harris, Chief Financial Officer,
both of MedCath Corporation, +1-704-708-6600 Web site:
http://www.medcath.com/
Copyright
Medcath (NASDAQ:MDTH)
Historical Stock Chart
From Jun 2024 to Jul 2024
Medcath (NASDAQ:MDTH)
Historical Stock Chart
From Jul 2023 to Jul 2024