PORTLAND, ME – February 2, 2015 – iVantage Health Analytics, Inc. today released its annual ranking of the best healthcare cities in the U.S., as determined by the Hospital Strength INDEX™. Atlanta, Boston, Charlotte, Chicago, Grand Rapids, Minneapolis, Philadelphia, Portland, OR, Virginia Beach and Washington DC (CBSAs) rose to the top in this year’s analysis of hospital and market performance for their populations. Two of the top cities named last year, St. Louis and New York, were replaced with Grand Rapids and Virginia Beach. These top performing healthcare markets serve approximately 13% of the U.S. population, or 42 million people. The Hospital Strength INDEX methodology, study abstracts and a state by state breakdown can be found on the new INDEX website, www.iVantageINDEX.com.
iVantage identified and profiled all U.S. hospitals with consideration for the wellness, cost and population management effects in their markets. Using statistical clustering techniques to stratify the large aggregate of INDEX measures, the research revealed that, among the 4,334 hospitals studied, the benchmarks centered around five tiers of statistically significant performance. The top tier is comprised of 572 HEALTHSTRONG hospitals; these hospitals are present in 283 markets around the country, yet are concentrated around America’s 10 best healthcare cities.
“The INDEX analysis offers a true lens into the dynamics of the new healthcare,” commented Araby Thornewill, president of iVantage solutions. “Our focus is always to make the analysis relevant and actionable for today’s healthcare decision makers. This year, for example, we added an outpatient market ranking pillar, which captures the growth of outpatient services in the marketplace and serves as an important indicator for hospitals attempting to accurately assess their position.”
The Hospital Strength INDEX is the industry’s most objective and comprehensive hospital performance assessment, leveraging publically available data to measure more than 4,334 acute care hospital markets, including 1,300 Critical Access Hospitals. Hospitals are measured across 9 equally weighted pillars of performance (Outpatient Market Share, Inpatient Market Share, Population Risk, Cost, Charge, Quality, Outcomes, Patient Perspective, and Financial Stability) which encompass 56 individual metrics. The combined scores across each pillar determine a hospital’s overall INDEX.
At the other end of the spectrum, the study revealed that 405 facilities fall into the fifth and lowest tier, and comprise the Vulnerability Index. Based on their performance indicators, these hospitals are at greater risk for closure and represent in total 319,589 healthcare jobs at risk, 441,003 community jobs at risk, and a $52.5B direct GDP impact from that potential job loss.
About iVantage Health Analytics
iVantage is a leading advisory and business analytic services company applying Accelerated Healthcare Transformation™ and the VantagePoints™ 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. More information about iVantage Health can be found at www.iVantageHealth.com.