PINC AI™, the technology and services brand of Premier, Inc.
(NASDAQ: PINC), today announced the nation’s 50 Top Cardiovascular
Hospitals™. The full list of recognized hospitals was published in
an exclusive online article by Fortune.
To create the list, an objective, quantitative analysis of
publicly available data was conducted to identify the top
cardiovascular hospitals in the United States. The primary purpose
of the PINC AI™ 50 Top Cardiovascular Hospitals™ program is to
inspire hospital and health system leaders to pursue higher
performance and deliver added value to patients and communities.
Organizations do not apply to participate in the study, and award
winners do not pay to market their honor.
The Performance of Facilities on the PINC AI™ 50 Top
Cardiovascular Hospitals™ Program List
This year, based on comparisons between the study’s top
performers and a peer group of similar hospitals, the analysis
found that the 50 Top Cardiovascular Hospitals™ delivered better
outcomes while operating more efficiently and at a lower cost.
Compared to their peers, this year’s top performers had:
- 28 percent fewer acute myocardial infarction (AMI) deaths and
50 percent fewer coronary artery bypass grafting (CABG)
deaths.
- 32 percent fewer percutaneous coronary interventions (PCI) and
38 percent fewer CABG patients with complications. Higher 30-day
survival rates for acute myocardial infarction (AMI), heart failure
(HF) and CABG patients (0.3 to 0.7 percentage points higher).
- Lower 30-day readmission rates for AMI, HF and CABG patients
(0.4 to 0.8 percentage points lower).
- Shorter average lengths of stay between patient groups – 0.3
for AMI, 0.6 for HF, 0.3 for PCI and one full day for CABG.
- $2,503 to $9,931 less in total costs per patient case (the
smallest dollar-amount difference was for HF and the largest was
for CABG).
- Patients had a better experience at top performing hospitals
compared to the remaining peer hospitals, with a top-box Hospital
Consumer Assessment of Healthcare Providers and Systems (HCAHPS)
score of 71 percent versus 67 percent.
Compared to peer hospitals, those in the 50 Top Cardiovascular
Hospitals™ operated at lower cost and had better outcomes,
recording significantly higher inpatient survival rates, fewer
patients with complications, lower readmission rates and up to
nearly $10,000 less in total costs per patient case.
These outcomes add up to meaningful differences. According to
the study’s analysis, if all hospitals operated at the level of
this year’s top performers, there could be 7,600 fewer deaths due
to heart disease, 6,700 fewer bypass and angioplasty patients who
suffer complications, and more than $1 billion in inpatient costs
could have been saved for the 2024 study year.
This analysis is based on Medicare patients included in this
study. If the same standards were applied to all inpatients, the
impact could have been even greater.
“Heart disease is one of America’s leading causes of death,
resulting in nearly 695,000 deaths and $239 billion in added costs
each year,” said Leigh Anderson, Premier’s Chief Operating Officer
and leader of PINC AI™. “As hospitals work to improve the quality
and value of cardiovascular care, unbiased and objective data is
vital to enhance patient care as well as financial and operational
improvements. The PINC AI™ 50 Top Cardiovascular Hospitals™ program
helps set performance standards for hospitals across the country,
creating aspirational benchmarks for all to strive to achieve.”
Methodology for the Rankings
The PINC AI™ 50 Top Cardiovascular Hospitals™ program focuses on
short-term, acute care, nonfederal U.S. hospitals that treat a
broad spectrum of cardiology patients. It includes patients
requiring medical management, as well as those who receive invasive
or surgical procedures. Because multiple measures are used, a
hospital must provide all forms of cardiovascular care, including
open heart surgery, to be included in the study. Each patient group
is mutually exclusive by design.
Eligible hospitals are ranked for performance across four
measurement grouping areas.
HOSPITAL MEASURE DOMAINS:
Acute myocardial infarction (AMI)
Performance
There are six AMI measures used in the
scorecard. Measures include risk-adjusted inpatient mortality,
30-day mortality, 30-day readmissions, severity-adjusted length of
stay, wage- and severity-adjusted average cost per case and 30-day
episode payment.
Heart failure (HF) Performance
There are six HF measures used in the
scorecard. Measures include risk-adjusted inpatient mortality,
30-day mortality, 30-day readmissions, severity-adjusted length of
stay, wage- and severity-adjusted average cost per case and 30-day
episode payment.
Coronary artery bypass graft (CABG)
Performance
There are six CABG measures used in the
scorecard. Measures include risk-adjusted inpatient mortality, risk
adjusted complications, 30-day mortality, 30-day readmissions,
severity-adjusted length of stay, and wage- and severity-adjusted
average cost per case.
Percutaneous coronary intervention
(PCI) Performance
There are four PCI measures used in the
scorecard. Measures include risk-adjusted inpatient mortality,
risk-adjusted complications, severity-adjusted length of stay, and
wage- and severity-adjusted average cost per case.
Final rank is determined based on performance for all individual
measures. Hospitals are ranked within three separate peer groups:
teaching hospitals with cardiovascular residency programs (20 top
performing facilities), teaching hospitals without cardiovascular
residency programs (20 top performing facilities) and community
hospitals (10 top performing facilities).
About the PINC AI™ Platform
PINC AI™ is the technology and services platform of Premier,
Inc. (NASDAQ: PINC). With more than 20 years’ worth of cost,
quality and operational data gleaned from 45 percent of U.S.
hospital discharges, 2.7 billion hospital outpatient and clinic
encounters and 177 million physician office visits, the PINC AI™
platform provides actionable intelligence to help improve outcomes,
support improved financial performance and enable success in new,
alternative payment models. PINC AI™ incorporates the 100 Top
Hospitals ® Program that inspires hospital and health system
leaders to pursue higher performance and deliver added value to
their patients and communities. PINC AI™ offerings rely on advanced
analytics to identify improvement opportunities; support
award-winning Strategic Collaboratives for value-based care,
maternal and infant health, workforce innovation, and health
equity; and consulting services for clinical and operational
design, and workflow solutions to hardwire sustainable change. The
PINC AI™ platform is also the data engine powering Premier’s newest
brands – Remitra® and Contigo Health®. With a leading network of
provider organizations, the PINC AI™ platform accelerates ingenuity
and serves as a large-scale innovation catalyst in healthcare. PINC
AI™ offerings and capabilities can be followed on Twitter and
LinkedIn.
Premier, Inc. Forward-Looking Statements
Statements made in this release that are not statements of
historical or current facts, including but not limited to those
related to Premier’s ability to advance its long-term strategies
and develop innovations for and transform healthcare, and the
intended or expected performance or utility of Premier’s and PINC
AI’s products and services, are “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements may involve known and unknown
risks, uncertainties, and other factors that may cause performance
or achievements to be materially different from historical results
or from any future performance or achievements expressed or implied
by such forward-looking statements. Accordingly, readers should not
place undue reliance on any forward-looking statements. More
information on risk factors relating to Premier and its products
and services is included from time to time in the “Cautionary Note
Regarding Forward-Looking Statements,” “Risk Factors,” and
“Management’s Discussion and Analysis of Financial Condition and
Results of Operations” sections of Premier’s periodic filings with
the SEC, which are also made available on Premier’s website at
investors.premierinc.com. Forward-looking statements speak only as
of the date they are made, and Premier undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information or future events that occur after
that date, or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240215048997/en/
Jennifer Gammage PR Director 407.417.1506
public_relations@premierinc.com
Premier (NASDAQ:PINC)
Historical Stock Chart
From Oct 2024 to Nov 2024
Premier (NASDAQ:PINC)
Historical Stock Chart
From Nov 2023 to Nov 2024
