(Sherman Oaks, Calif., March 3, 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
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 www.100tophospitals.com.