Sherman Oaks, Calif., (PRWEB) March 05, 2016
Sherman Oaks Hospital this week was named one of the nation’s 100 Top Hospitals® by Truven Health Analytics™, a leading provider of data-driven analytics and solutions to improve the cost and quality of healthcare.
“The 2016 100 Top Hospitals award winners represent the highest national standards in hospital care and management. They set the benchmarks for peers around the country to follow,” said Jean Chenoweth, senior vice president at Truven Health Analytics. “Hospitals in three out of the five report groups actually reduced overall expense year over year, while improving patient outcomes – exactly the results that the entire industry hopes to attain.”
The study shows that if all hospitals in the U.S. performed at the level of this year's winners:
- More than 104,000 additional lives could be saved.
- Nearly 48,400 additional patients could be complication free.
- $2 billion in inpatient costs could be saved.
- The average patient stay would decrease by half a day.
The Truven Health 100 Top Hospitals® study identifies hospitals and leadership teams that provide the highest level of value to their communities, based on a national balanced scorecard measuring overall organizational performance across 11 key analytic measures including patient care, operational efficiency, and financial stability. The study has been conducted annually since 1993. This is the first time Sherman Oaks Hospital has been recognized with this honor.
“Sherman Oaks Hospital strives to deliver compassionate, quality care to patients and better healthcare to its community,” says Bockhi Park, Chief Executive Officer of Sherman Oaks Hospital. “Our leadership team, medical staff and employees are honored to receive this recognition and have worked hard to achieve the national benchmarks for balanced performance in patient care, operational efficiency and financial stability.”
Sherman Oaks Hospital, a subsidiary of Prime Healthcare Services, is a 153-bed not-for-profit community hospital centrally located in Sherman Oaks, California. Serving the medical needs of the San Fernando Valley, Sherman Oaks Hospital endeavors to provide comprehensive, quality healthcare in a convenient, compassionate and cost effective manner. Staffed with over 700 employees and an extraordinary team of physicians, the hospital and its Center for Reconstruction & Wound Healing are known for state-of-the-art technology and provide 24/7 emergency care in addition to a full range of specialized medical, surgical, diagnostic, and hyperbaric medicine services to improve and save lives.
To conduct the 100 Top Hospitals study, Truven Health researchers evaluated close to 3,000 short-term, acute-care, nonfederal hospitals. 100 Top Hospitals researchers use risk-adjusted methodologies to analyze public information — Medicare cost reports, Medicare Provider Analysis and Review (MEDPAR) data, and core measures and patient satisfaction data from the CMS Hospital Compare reports. Hospitals do not apply, and winners do not pay to market this honor.
The winning hospitals were announced in the February 28, 2016, edition of Modern Healthcare magazine.
More information on this study and other 100 Top Hospitals research is available at http://www.100tophospitals.com.
For more information on Sherman Oaks Hospital visit http://www.shermanoakshospital.org.