Hospital performance assessment is complicated, and parsing through the vast quantity of financial, clinical, and quality data can be overwhelming. There are hundreds of metrics for administrators to track, and every hospital has unique performance goals. While some prioritize financial performance, others may seek to improve clinical outcomes.
Effective performance tracking and data analysis can strengthen a facility’s financial performance, improve clinical outcomes, and raise quality scores. We’ve outlined 5 of the most essential hospital performance metrics below.
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- Identify ideal targets using financial, clinical, and patient population metrics
- Segment your market by region using CBSA, state, or zip codes
- Analyze quality measures to understand a facility’s care quality and potential pain points
- Understand affiliations and network hierarchies between care centers