PEER GROUP
DEVELOPMENT
Altius uses an array of tools and sources to complete the peer group development for each client hospital ● Proprietary database ● Third party subscription services ● Publicly available data such as CMS and HCAHP ● Discipline specific such as HFMA, NDNQI, AWHONN, MGMA Initial search criteria are defined and typically include: ● Bed-size (licensed or staff beds depending on how the size of the organization is categorized) 1. A band around your organizations’s bed-size is used to produce potential peers in a similar range ● Scope of service (key service lines such as Cardiology, Oncology, OB, Rehab, SNF, etc.) ● Special distinctions/accreditations (trauma designation, teaching designation, Safety Net, etc.) ● Structure of the organization (part of a system, non-profit, for-profit, etc.) ● Type of facility (short-term acute care, critical access, etc.) ● Annual discharge range 1. A band around your organizations’s provided annual discharges ● Geographic location (urban, rural, etc.) ● Poor performers in both categories are eliminated The following is a detailed account of the Altius approach to comparative group development:
ALTIUS can then determine where your organization falls in relation to the peer group comparisons in terms of the Key Performance Indicators (such as FTE/AOB, Paid Hour per Adjusted Discharge, Revenue per FTE, etc.)
ALTIUS then takes the comparisons drawn from the developed peer group and makes adjustments/customizes the performance standards based on non-traditional staff, unique functions, and other operational factors outlined in the Assessment.
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