Since 1993, IBM Watson Health has published an annual study spotlighting the 100 best performing hospitals, and has named Baylor Scott & White Medical Center – Grapevine and Texas Health Harris Methodist Hospital Southwest Fort Worth to the list.
The study looks at publicly available data for clinical, operational, and patient satisfaction metrics. IBM found that the hospitals on its list had better risk-adjusted outcomes while maintaining a lower average cost per patient and a higher profit margin than other hospitals in the study.
Winning hospitals had a 24.9 percent higher survival rate, 18.7 fewer complications, 19.3 percent healthcare associated infections, with hospital stays that were a half day shorter, shorter wait times, and higher patient satisfaction scores. The study found that if all medicare recipients were treated at the level of the winning hospitals, more than 103,000 additional lives would be saved, 38,000 patients would avoid complications, $8.2 billion inpatient dollars would be saved, and 155,000 fewer patients would be readmitted after being discharged.
Dr. Kyu Rhee, vice president and chief health officer at IBM Watson Health, added via release, “From small community hospitals to major teaching hospitals, these diverse hospitals have demonstrated that quality care, higher patient satisfaction, and operational efficiency can be achieved together. In this era of big data, analytics, transparency, and patient empowerment, it is essential that we learn from these leading hospitals and work to spread their best practices to our entire health system which could translate into over 100K more lives saved, nearly 40K less complications, over 150K fewer readmissions, and over $8 billion in savings.”
See the entire list of hospitals and learn more here.