Providence Hospital Honored as One of Nation’s Top Major Teaching Hospitals
Providence Hospital: Southfield, Providence Park Hospital: Novi
Monday, April 05, 2010
Providence Hospital is again ranked as one of the nation’s top 15 major teaching hospitals by one of the country’s leading sources of health care information and research.
The recognition from Thomson Reuters recognizes hospitals that achieve or exceed national benchmark scores for hospital-wide performance.
Providence was the only hospital in Michigan to be selected in the Major Teaching Hospital category of Thomson’s 100 Top Hospital’s list. This is Providence’s fourth appearance on the list. Providence was also one of only 23 hospitals in the country to be named a winner of Thomson’s Everest Award. The award honors an elite special group of the National award winners. Everest Award winners have reached the highest level of accomplishment on the national Balanced Scorecard and have the fastest rates of long-term improvement. This award recognizes the boards, executives, and medical staff leaders who developed and executed strategies that enabled a culture of performance improvement to grow rapidly and consistently over five years within the hospital, and that resulted in setting national benchmarks for excellence in the industry
The Thomson study examined performance across five critical areas: clinical outcomes such as lower mortality rates, patient safety, operational efficiency, financial stability and growth. The study also determined that hospitals such as Providence treated sicker patients requiring more complex care, yet had better patient outcomes and lower costs.
According to the Thomson study, the 100 Top Hospitals® have higher survival rates, keep more patients complication-free, and attract more patients—all while maintaining financial stability. Thomson estimates that if all Medicare inpatients received the same level of care as those in the 100 Top Hospitals winners:
- 98,000 additional patients would survive each year.
- About 197,000 patient complications would be avoided annually.
- Expenses would decrease $5.5 billion a year.
- The average patient stay would decrease by nearly half a day.
In 2009, Providence received the Thomson Top 100 Cardiovascular Hospital Award. It is the only cardiovascular teaching hospital in southeast Michigan to receive this recognition nine years in a row.
Thomson, based in Ann Arbor, provides strategic information to the healthcare industry. More information about the results of this study is available at www.100tophospitals.com.