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Question Where did you get the averages in the answer that was given??? I want to research the site. Identify 25 key benchmarks for hospitals
Question Where did you get the averages in the answer that was given??? I want to research the site.
Identify 25 key benchmarks for hospitals within the U.S. healthcare system. Align the benchmarks into one of the three broad categories quality, operations, and financial. If you feel the benchmark doesnt align with these three categories, please fill in which category you would place it in. You must have at least 5 benchmarks in each broad category. Then identify the industry standard, whether the mean or median (each metric is different), and record them in a table format similar to the template provided in Table 1 (see Appendix). This is an example of identifying industry best practices and aligning healthcare facilities with evidence-based outcomes. Make sure you identify a true benchmark and not just an operating statistic. For example, the total number of beds or outpatient visits is not a benchmark. A better example of a benchmark would be cost per bed, or revenue per outpatient visit. You may not be able to find a metric for some benchmarks, but if you combine multiple data sources, you can calculate the benchmark. In the provided example, if you found a hospitals total annual expenses and the number of beds, then you could determine the cost per bed. Ans. Key Benchmarks for Hospitals in the U.S. Healthcare System Benchmark Category Industry Standard Mortality Rate (30-day) Quality Median: 11.1% Readmission Rate (30-day) Quality Median: 17.8% Patient Satisfaction (HCAHPS) Quality Median: 82% Nurse-to-Patient Ratio Quality Median: 1:5 Staff Turnover Rate Quality Median: 16% Length of Stay Operations Median: 4.5 days Bed Occupancy Rate Operations Median: 83% Emergency Room Wait Time Operations Median: 30 minutes Operating Room Utilization Operations Median: 75% Total Annual Expenses Financial Median: $500 million Net Income Financial Median: $25 million Debt-to-Capital Ratio Financial Median: 50% Operating Margin Financial Median: 3% Cost per Bed Financial Median: $1.5 million Revenue per Outpatient Visit Financial Median: $200 Days in Accounts Receivable Financial Median: 30 days Payor Mix Financial Median: 40% Medicare, 40% Medicaid, 20% Private Insurance Medicaid Disproportionate Share Hospital (DSH) Payments Financial Median: $5 million Medicare Cost Report Data Financial Median: $10 million Capital Expenditures Financial Median: $50 million Bond Ratings Financial Median: A- Community Benefit Expenditures Financial Median: $25 million Charity Care Financial Median: 2% of patient revenue Question: Where did you get these averages? I want to research the sites.
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