Froedtert & the Medical College of Wisconsin named to 100 Top Hospitals List; one of 15 major teaching hospitals in U.S.
Mar. 04, 2014 College News - For the second consecutive year, Froedtert & the Medical College of Wisconsin Froedtert Hospital has been named to the 2014 100 Top Hospitals list released annually by Truven Health Analytics. Froedtert Hospital is one of 15 Major Teaching Hospitals on a list that classifies hospitals as Major Teaching Hospitals, Teaching Hospitals, and Large, Medium and Small Community Hospitals.
Froedtert is the only Wisconsin hospital in the Major Teaching Hospitals category, and one of just five state hospitals to make the list.
“Quality and value are at the core of who we are and what we do,” said Cathy Buck, president of Froedtert Hospital. “As Froedtert rises to the challenge of health care reform, this recognition is a testament to the deep dedication of our staff and Medical College physician partners. It underscores their focus on excellence in every facet of their work, striving to provide high-quality, cost-effective, appropriate care to our patients every day.”
The study that is the basis for the national list has been conducted annually since 1993. Of the nearly 3,000 hospitals evaluated, only 100 performed well enough to be included.
“The 100 Top Hospitals recognition demonstrates the value that the Froedtert & the Medical College partnership brings to the community,” said John R. Raymond, Sr., MD, president and chief executive officer of the Medical College. “As the region’s only academic medical center, we are leading change at a critical time in health care.”
According to Jean Chenoweth, senior vice president at Truven Health Analytics, employers and payers are increasingly seeking hospitals that consistently provide demonstrated value—hospitals that deliver higher quality, higher satisfaction and lower cost. “The 100 Top Hospitals have been objectively proven to provide high value,” Chenoweth noted.
The Truven Health Analytics study identifies hospitals and leadership teams that provide the highest level of value to their communities, based on a national balanced scorecard. The scorecard measures performance in 10 areas: mortality; inpatient complications; patient safety; average patient stay; expenses; profitability; patient satisfaction; adherence to clinical standards of care; post-discharge mortality; and readmission rates for heart attacks, heart failure and pneumonia.
Based on the results of this year’s study, Truven Health reports that if all Medicare inpatients received the same level of care as those treated in the 100 Top Hospitals facilities:
More than 165,000 additional lives could be saved
Nearly 90,000 additional patients could be complication free
$5.4 billion could be saved
The average patient could be released from the hospital half a day sooner
If the same standards were applied to all inpatients, the impact would be greater.