What Are Efficiency Indicators? VHI’s Efficiency (and Productivity) indicators were designed to help large employers, and purchasers (health insurance companies) to find the most efficient and productive health care providers.
VHI publishes rankings on the Efficiency and Productivity of ambulatory (outpatient) surgical centers, hospitals and nursing facilities each year.
Performance measures include charges, costs, productivity, financial viability, and community support.
Quartiles. VHI ranks facilities using something called Quartile Rankings. Quartile rankings are a simple way of comparing performance between facilities. To assign quartile rankings all the performance indicators values for a geographic region are sorted from top to bottom. Each facility is assigned a quartile value from 1 to 4.
the first quarter (25%) are assigned a quartile value of 1.
the second quarter (25%) are assigned a quartile value of 2.
the third quarter (25%) are assigned a quartile value of 3
the fourth (25%) are assigned a value of 4
Our web display shows what quartile the facility falls into as well as the actual value for the facility. You can click on any indicator description to get a definition of the indicator and the high and low values for each indicator within each quartile.
Why is this important? Facilities that are efficient may waste less and provide better quality of care by streamlining and reducing unnecessary costs. VHI indicators allow you to see how facilities rank as far as costs and also their profits (operating margins)
Information Sources: Under Virginia law VHI collects audited financial statements and other information from ambulatory surgical centers, hospitals and nursing facilities. VHI reviews and verifies these data and provides these rankings each year based on a facilities fiscal year.
More Information: For more in-depth comparisons VHI has created Excel spreadsheets of the data you see in these web pages. These spreadsheets allow you to compare facility scores side by side. These spreadsheets and more details on the methods VHI uses are part of VHI’s Industry Report. For more information click here:
http://vhi.org/products_industry.asp
