3M Benchmarking with Analytics for hospitals is a powerful health benchmarking tool for the challenging economics of 2009. Hospitals have survived decades of assault on their financial health. The economic turmoil of 2009 has further slimmed volume and margins‚ and made cash harder to come by. Time and again hospitals have found vital cost control and savings through the practice of benchmarking. 3M Benchmarking with Analytics for Hospitals is a tool to address your hospital benchmarking needs.
Speed
The fast drag-and-drop feature of 3M Benchmarking with Analytics for Hospitals lets you quickly explore many cross-sections of your hospital’s operational activities‚ allowing you to quickly find cost saving and quality improvement opportunities.
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If you’re concerned about your hospital’s service lines‚ you simply drag them into the report. Then drop in the elements you want to analyze such as length of stay‚ case mix index‚ severity of illness‚ and risk of mortality. Now add in an expected value from the norm set you select. With a few clicks and a few minutes of time‚ you have generated clear‚ actionable hospital benchmarking reports.
With 3M Benchmarking with Analytics‚ you can:
- Identify service lines with opportunity to cut costs by reducing length of stay
- Identify individual physicians that may benefit from benchmarking documentation improvement
- Trend your case mix and patient severity over time
- Identify cases of unexpected mortality
Features:
- Select from a robust list of interactively run standard reports to get started quickly
- Save reports as electronic documents for e-mail distribution
Benefits:
- Find cost savings opportunities
- Identify quality improvement possibilities
- Monitor quality over time
- Improve utilization year over year to reduce costs
Key benchmarking measures:
- Mortality rates
- Length of stay
- Charges
- Case mix
- Severity of illness
- Risk of mortality
3M Benchmarking with Analytics (PDF 145.8 KB)
Case Study: Hospital Executive Council - Syracuse‚ New York (PDF 288 KB)
For more information‚ call 800.367.2447 or click here.
