PORTLAND, ME, April 9, 2014 – iVantage Health Analytics announced today its support for the Association of American Medical Colleges’ (AAMC) efforts to drive toward a consistent, rigorous measurement and reporting of provider performance. iVantage Joins the American Hospital Association, Federation of American Hospitals, Catholic Health Association, America’s Essential Hospitals and Children’s Hospital Association to endorse the Guiding Principles for Evaluating Provider Performance.
“We applaud the expert panel convened by the AAMC and their articulation of the guiding principles for measuring and reporting provider performance,” commented John Morrow, executive vice president of iVantage. “There couldn’t be a more important time to make rigorous, objective and standardized performance ratings available to hospitals.”
Early this month, iVantage released the results of its 2014 Hospital Strength INDEXTM, the most comprehensive, objective ratings system, which leverages publically available data to measure more than 4,200 acute care hospitals, including 1,300 Critical Access Hospitals. Hospitals are measured across 10 equally weighted pillars of performance, encompassing 66 different metrics: Competitive Strength, Competitive Intensity, Market Size and Growth, Population Risk, Cost, Charge, Quality, Outcomes, Patient Perspectives and Financial Stability. The combined scores across each pillar determine a hospital’s overall INDEX score; hospitals have access to their INDEX scores at no cost.
As outlined in the AAMC guiding principles, iVantage’s INDEX Methodology and Study fulfill the Purpose Guidelines, 1) offering a clear concise purpose statement, dashboard displays, tailored for the provider audience and their markets, useful ratings and current, data relevant for the stated purpose. 2) The INDEX also is in compliance with theTM Transparency Guidelines, with a transparent methodology, risk-adjusted data, and clear disclosure of any limitations and exclusions in the data. 3) The INDEX complies withTM the AAMC Validity Guidelines, with measures supported by the very latest clinical evidence and all data sources rigorously defined, validated and verified to ensure usefulness, relevance and comparability.
Susan DesHarnais, MPH, Ph.D., a pioneer in risk-adjusted patient outcomes and patient safety analytics, also commented, “It is vital that the hospital industry be able to rely on a standard, research-based evaluation of the quality and effectiveness of healthcare services and systems, outcomes and patient safety. Public data, now readily available from CMS, makes is possible to conduct a comprehensive, statistical analysis and provides institutions with a meaningful scorecard for quality improvement.”
About iVantage Health Analytics
iVantage is a leading advisory and business analytic services company applying AHT ” Accelerated Healthcare TransformationTM and the VantagePointsTM platform to drive sustained, evidence-based results. The company’s unique combination of technology, content, and expert advisory services accelerates decision making for the new healthcare.