New Hospital Scorecard Combines Metrics From 5 Performance Categories

Objective Health has launched a new performance management system that provides a comprehensive assessment of a hospital’s performance, letting hospital management track and compare key metrics to identify areas of improvement.

Advertisement

The tool, called Objective Scorecard, collects metrics on a hospital’s strategy and finance; purchasing and clinical utilization; workforce; operations; and clinical quality and patient experience. The scorecard then uses advanced analytics to find key drivers of performance in a simple and visual interface.

“This hospital performance tool suite really is a game changer for C-suite executives,” Russ Richmond, MD, CEO of Objective Health, said in the news release. “Senior hospital executives frequently wonder if they have the right information and data to make fundamental decisions about their organizations. Objective Scorecard arms them with a single source of truth about what is really happening in their hospitals.”

More Articles on Healthcare Management:

4 Tips on Using Patient Feedback to Improve Performance
5 Overarching Strategies to Drive Perioperative Performance
6 Tips to Improve Hospital Employee Engagement

At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.

Advertisement

Next Up in Leadership & Management

  • Baylor College of Medicine and Texas Children’s Hospital established an affiliation more than 70 years ago in the Texas Medical…

  • Fitch revised Ontario, Calif.-based Prime Healthcare Services’ outlook to positive and affirms its “B” rating.  The revised outlook reflects Fitch’s…

  • Brentwood, Tenn.-based Lifepoint Health, a health system owned by private equity firm Apollo Global Management, has largely grown over the…

Advertisement

Comments are closed.