Ready-to-Use Resource

2 minute read

The Hospital Benchmark Generator

See how your organization stacks up on finance, quality, and utilization performance metrics.

Tool overview

Identify opportunities for improvement and differentiation by comparing your hospital’s volume, operational, financial, and quality performance against similar hospitals.

Create custom cohorts based on hospital characteristics to ensure like-to-like comparisons with similar hospitals. The tool features over 210 metrics organized into three different categories. It shows how your hospital compares to others in your cohort based on a decile distribution.

The tool also features a more granular comparison at the service line and MS-DRG level. Users can adjust the time frame to see performance over time.

Who should use this tool?

The tool is designed for hospital executives, planners, analysts, and finance leaders. These users can apply this tool to search for areas of improvement by comparing other hospitals’ metrics to their selected hospitals.

How do I use it?

The Hospital Benchmark Generator creates benchmarks based on up-to-date Medicare data on an array of financial, operational, quality, and utilization metrics. Use the tool to compare your hospital to custom cohorts. Alternatively, use filters for region, urban or rural, teaching status, bed size, and more to generate cohorts of similar facilities. These custom-designed cohorts will then reflect the data in the tool, which will provide granular data. Choose a time frame by selecting a year or the rolling 12-month filter in the dropdown menu. Your selected provider will be highlighted with a red bar.

Most metrics allow for comparison at the total volume, service line, subservice line, and MS-DRG level to enable detailed analyses.

What’s the current methodology?

The tool is updated quarterly with data from CMS’ Standard Analytical Files, CMS Hospital Cost Reports, and CMS Hospital Compare. Time frames will differ depending on metric and data source. For example, CMS Hospital Compare metrics are updated quarterly and typically display data from a time frame 2 to 3 quarters behind the present time. Data sourced from CMS Hospital Cost Reports are updated twice a year. Click the icon beside a metric to view the specific time frame details.

We have applied our proprietary service line grouping methodology and conducted analyses to generate the most relevant and important metrics, except for those metrics that are reported directly from CMS datasets. Click the icon beside a metric to view the specific details.


Tool walkthrough videos

SPONSORED BY

INTENDED AUDIENCE

AFTER YOU READ THIS

AUTHORS

TOPICS

INDUSTRY SECTORS

Don't miss out on the latest Advisory Board insights

Create your free account to access 1 resource, including the latest research and webinars.

Want access without creating an account?

   

You have 1 free members-only resource remaining this month.

1 free members-only resources remaining

1 free members-only resources remaining

You've reached your limit of free insights

Become a member to access all of Advisory Board's resources, events, and experts

Never miss out on the latest innovative health care content tailored to you.

Benefits include:

Unlimited access to research and resources
Member-only access to events and trainings
Expert-led consultation and facilitation
The latest content delivered to your inbox

You've reached your limit of free insights

Become a member to access all of Advisory Board's resources, events, and experts

Never miss out on the latest innovative health care content tailored to you.

Benefits include:

Unlimited access to research and resources
Member-only access to events and trainings
Expert-led consultation and facilitation
The latest content delivered to your inbox

This content is available through your Curated Research partnership with Advisory Board. Click on ‘view this resource’ to read the full piece

Email ask@advisory.com to learn more

Click on ‘Become a Member’ to learn about the benefits of a Full-Access partnership with Advisory Board

Never miss out on the latest innovative health care content tailored to you. 

Benefits Include:

Unlimited access to research and resources
Member-only access to events and trainings
Expert-led consultation and facilitation
The latest content delivered to your inbox

This is for members only. Learn more.

Click on ‘Become a Member’ to learn about the benefits of a Full-Access partnership with Advisory Board

Never miss out on the latest innovative health care content tailored to you. 

Benefits Include:

Unlimited access to research and resources
Member-only access to events and trainings
Expert-led consultation and facilitation
The latest content delivered to your inbox
AB
Thank you! Your updates have been made successfully.
Oh no! There was a problem with your request.
Error in form submission. Please try again.