PINC AI™, the technology and services brand of Premier, Inc.
(NASDAQ: PINC), today announced the nation’s 100 Top Hospitals®.
The full list of recognized hospitals was published in an exclusive
online article by Fortune.
Based on the data analyzed, it is estimated that if all
hospitals performed at the same level of this year’s top
performers, more than 350,000 additional lives could have been
saved, more than 607,000 additional patients could have been
complication-free and more than $17.6 billion in inpatient costs
could have been saved for the 2024 study year.
The Performance of Facilities on the 100 Top Hospitals®
Program List
To create the list, an objective, quantitative analysis of
publicly available data was conducted to identify the top hospitals
in the United States. The primary purpose of the PINC AI™ 100 Top
Hospitals® program is to inspire hospital and health system leaders
to pursue higher performance and deliver added value to patients
and communities. The program leverages transparent, non-biased data
to help inform strategies for sustained performance. Organizations
do not apply to participate in the study, and award recipients do
not pay to market their honor.
This year, based on comparisons between the study’s top
performers and a peer group of similar hospitals, the analysis
found that the top performers of the 100 Top Hospitals®
program delivered better outcomes while operating more efficiently
and at a lower cost. Compared to peer hospitals, this year’s top
performers had:
- 39 percent fewer inpatient deaths than peer hospitals.
- 26.6 percent fewer patients with complications.
- 30.6 percent fewer healthcare-associated infections
(HAIs).
- A 21.1 percent lower inpatient expense per discharge.
- 0.5-day shorter average length of stay.
- Better reported patient experience scores, with a top-box
Hospital Consumer Assessment of Healthcare Providers and Systems
(HCAHPS) score of 73 percent versus 67 percent for peer
hospitals.
“Hospitals and health systems continue to recognize the vital
importance of performance improvement for high-quality patient
care, proving value and enabling the innovations that drive
healthcare forward,” said Leigh Anderson, Premier’s Chief Operating
Officer and leader of PINC AI™. “The transparent, non-biased and
actionable data helps to set performance standards for hospitals
nationwide and enables leaders to make informed decisions for
improvement as they work to improve outcomes for the patients and
communities they serve.”
Special Designations
Several hospitals on the 100 Top Hospitals® list also received
special designations of having either the highest rate of
improvement or delivering outstanding care in communities that
serve a higher proportion of patients with significant social
needs.
Everest Award
There were 26 facilities that received the Everest Award for
setting national benchmarks for both the fastest rate of
improvement and highest current year performance on the 100 Top
Hospitals® balanced scorecard. This award recognizes the boards,
executives and medical staff leaders who developed and executed the
strategies that helped drive the highest rates of improvement,
resulting in the highest performance in the U.S. at the end of five
years.
“We’re very proud of the hospitals that achieved the Everest
Award designation,” said Anderson. “It’s truly a testament to their
focus on improvement in quality, patient and clinician experiences,
and financial and operational efficiency.”
Community Champion Designation
New this year to the 100 Top Hospitals® program is the Community
Champion Designation. This is a separate study and selective
distinction for those hospitals that have achieved 100 Top
Hospitals® status and are delivering outstanding care in
communities that serve a higher proportion of patients with
significant social needs relative to the entire in-study
population. In 2024, the Community Champion Designation honors six
organizations that achieved this level of distinction.
Rankings Methodology
The PINC AI™ 100 Top Hospitals® program focuses on short-term,
acute care, non-federal U.S. hospitals that treat a broad spectrum
of patients. Researchers evaluated 2,601 short-term, acute care,
non-federal U.S. hospitals and health systems. All research was
based on the following public data sets: Medicare cost reports,
Medicare Provider Analysis and Review (MEDPAR) data, and data from
the Centers for Medicare & Medicaid Services (CMS) Care Compare
website. For complete methodology details, please review the study
here.
Eligible hospitals are ranked for performance across 10 measures
within five domains.
Final rank is determined based on performance for all individual
measures. To allow for fair comparison, hospitals are stratified
and then ranked within five separate peer groups with a
pre-determined number of high-performing hospitals: major teaching
hospitals (15 facilities), teaching hospitals (25 facilities),
large community hospitals (20 facilities), medium community
hospitals (20 facilities), and small community hospitals (20
facilities).
Methodology for Selecting Special Designations within the 100
Top Hospital® List
The methodology for Everest Award winner selections can be
summarized in three main steps:
- Identify the annual 100 Top Hospitals® benchmark hospitals
using a balanced scorecard of performance measures from the most
current data period available (2022 at the time of this
study).
- Using our five-year (2018-2022) trending methodology to select
the 100 hospitals that have shown the fastest, most consistent
improvement rates on the same balanced scorecard of performance
measures.
- Identifying those hospitals that ranked in the top 100 on both
lists.
The methodology for selecting the Community Champion Designation
recipients can be summarized in three main steps:
- Identify the annual 100 Top Hospitals® benchmark hospitals
using a balanced scorecard of performance measures from the most
current data period available (2022 at the time of this
study).
- Calculate a hospital-level Social Drivers of Health (SDOH)
index based on a wide range of social factors generally associated
with adverse outcomes and higher cost of care. This index is
comprised of dual eligibility, low-income subsidy, disability, and
end-stage renal failure status with Medicare and Medicaid, urban
rural status, and ICD-10 coding indicating the presence of
behavioral health and SDOH factors. Mean SDOH indices are
calculated for each in-study facility. All research was based on
public data sets, including CMS data.
- 100 Top Hospital® benchmark hospitals with a mean SDOH index in
the top quintile of highest risk patients are presented with the
Community Champion Designation.
Combining these methodologies yields a select group of Everest
Award and Community Champion Designation recipients. The number of
top performers will vary every year, based solely on
performance.
###
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 X 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, transform, and improve 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 and current
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/20240416932941/en/
Jennifer Gammage PR Director 407.417.1506
public_relations@premierinc.com
Premier (NASDAQ:PINC)
Historical Stock Chart
From Sep 2024 to Oct 2024
Premier (NASDAQ:PINC)
Historical Stock Chart
From Oct 2023 to Oct 2024