Navigation Links
Health Care Transparency Report Ranks Hospitals and Nursing Facilities on Efficiency and Productivity - Charity Care and Profits Increase
Date:11/20/2008

RICHMOND, Va., Nov. 20 /PRNewswire-USNewswire/ -- Virginia Health Information's (VHI) 2008 Industry Report identifies the most efficient and productive hospitals, nursing facilities and other providers. VHI's 2008 Industry Report has key information for businesses and purchasers on their costs, profits, staff hours per admission, charity care and other community support.

Virginia hospitals continued their trend of increased charity care with over 1 billion dollars in charity care to patients.

Hospital Charity Care as a Percentage of Net Patient Revenue

    Year                2002      2003      2004      2005      2006      2007
    Charity Care as a
     Percentage of Net
     Patient Revenue    4.62      6.62      7.42      8.05      8.43      9.24

While increasing charity care, most hospitals also showed strong financial performance. Statewide total margin (profit) for all hospitals increased from 7.57% in 2006 to 8.52% in 2007. In 2007 one in five hospitals and one in three nursing facilities lost money.

Research shows that experience in providing care can mean better quality. The Industry Report includes how often hospitals perform surgeries including open heart, orthopedic and neurological surgery. All medical conditions are also reported including those of the lungs, neurology, heart, urology and births.

The Industry Report is targeted to the needs of employers and purchasers of health care. The Industry Report includes printed information and Excel files for easy comparisons of Virginia's health care providers. Michael Lundberg, Virginia Health Information's Executive Director, notes "Costs for health care continue to climb. Purchasers want high-value health care that is transparent. Hospitals and nursing facilities have a long track record of supporting this report." Businesses and health insurance companies have long used the Industry Report to build their networks and negotiate provider contracts. The Industry Report was developed collaboratively among VHI, health care providers and Dr. Ramesh K. Shukla while at the Williamson Institute at Virginia Commonwealth University.

Information from the 2008Industry Report is also online at www.vhi.org along with additional information on hospital quality of care. Contact Virginia Health Information at 1-877 VHI-INFO or info@vhi.org

    CONTACT:
    Michael T. Lundberg, Executive Director
    Virginia Health Information
    Phone: 804-643-5573, ext 314
    Toll Free: 1-877-VHI-INFO
    E-mail: Michael@vhi.org
    Web address: www.vhi.org


'/>"/>
SOURCE Virginia Health Information
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Baking Expert Puts Health in the Holidays With Canola Oil
2. Even in Poor Economy, Consumers Urged to Prioritize Health Care
3. Spherion and AMN Healthcare Enter RPO Alliance
4. American Lung Association of Arizona, Phoenix Fire and Maricopa County Public Health Urge Residents to Get Vaccinated Against the Flu
5. Highlights from the December 2008 Issue of Mens Health: On Newsstands November 18th, 2008
6. Governor Rendell Revises Executive Order; Extends Operation of PA Health Care Cost Containment Council
7. The King of Hearts Helps Others Follow a Healthy Road
8. Virginia Business Coalition on Health Issues Statement of Support for Hospital Improvement
9. Lilly Offers Free Health Guide, Available throughout State
10. Consumer Watchdog Comments on Health Insurers Self-Serving Support of Individual Mandate
11. Zimbabwean Health Workers Call For Crisis Response
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/28/2016)... Viejo, CA (PRWEB) , ... April 28, 2016 , ... ... use within Final Cut Pro X . With ProText Layouts, video editors ... tweak animations to match the length and scale of texts. Creating text-based videos ...
(Date:4/28/2016)... ... , ... Head Over Heels Athletic Arts’ gymnast, Brooklyn Varize, has qualified to ... at the University of Montana on April 28-May 1. Varize will compete on Saturday ... order to qualify, Varize needed to place top seven all-around in her respective age ...
(Date:4/28/2016)... ... April 28, 2016 , ... The ... successful events, attracting medical professionals from around the globe who attended a week’s ... Opening Ceremonies Sunday, April 17 included the introduction of the 2016 ARRS Distinguished ...
(Date:4/28/2016)... ... April 28, 2016 , ... Greener Hydroponics is now offering a ... frequently used by professional organic farmers and nurseries according to Sales Manager Joe Steele ... fabric pots. Our goal is to offer wholesale level pricing and ultra-fast shipping for ...
(Date:4/28/2016)... ... April 28, 2016 , ... Horizon ... collaborating with doctors and hospitals to make transformative changes in how health care ... therapy minds this week in discussing breakthroughs in cellular medicine to treat disease. ...
Breaking Medicine News(10 mins):
(Date:4/28/2016)... , April 28, 2016 Oramed ... a clinical-stage pharmaceutical company focused on the development of oral ... in the upcoming PIONEERS 2016 conference, presented by Joseph ... 2016 in New York . Nadav ... at the conference. Presentation Details:   ...
(Date:4/28/2016)... Florida , April 28, 2016 ... the development of innovative peptide and gene-based immunotherapeutics and vaccines ... it will be presenting at the 3rd Annual Growth ... - 5 th , 2016 at Caesars Palace in Las Vegas, ... 8.00 am on Wednesday, May 4 th by Dr. ...
(Date:4/27/2016)... , Schweiz, April 27, 2016 ... Sachs CEO Forums in Zürich gab Strekin ... führenden Wirkstoffkandidaten STR001 zur Erhaltung des Resthörvermögens ... wurde, bekannt. Für die umfassende Phase-II-Doppelblindstudie mit ... Frankreich angeworben. STR001 wird während der Operation ...
Breaking Medicine Technology: