June 26, 2013, Melbourne, Australia – The KPI Institute, the global authority on Key Performance Indicators (KPIs) research and education announces the launch of a new report in its 2011-2012 edition of its popular Top 25 series of reports. The series is based on research conducted through www.smartKPIs.com, which contains over 20,000 Key Performance Indicator examples, making it the world's largest source of thoroughly documented KPIs.
Hospitals refer to healthcare institutions for both inpatients and outpatients, providing treatment by specialized personnel. KPIs in this area monitor the administration and management activities of hospitals. They complement the indicators for medical practice, by measuring the bed related - inpatient care, the surgical treatment and the discharge procedure performance.
The Top 25 Hospitals KPIs of 2011-2012 report compiles the most popular 25 KPIs for the Hospitals industry. The methodology used to conduct the research consisted of ranking the KPI examples published in the Hospitals industry section of smartKPIs.com, based on their number of views in 2011. Out of the more than 1070 Hospitals KPIs available on smartKPIs.com, the 25 most viewed by the members and visitors of smartKPIs.com were selected and analysed in detail in this report.
Hospitals KPIs are reflective of Hospitals areas of activity, and are grouped into subcategories such as Medical Treatment, Occupancy, Hospital Administration, Hospital Finances, Patient Feedback and Medical Equipment. From these subcategories, Medical Treatment, Occupancy and Hospital Administration were the most popular of Hospitals in 2011. This ranking corresponds to some of the common challenges that hospitals need to address.
The top 5 Hospitals KPIs of 2011-2012 in this report are:
1. % Hospital bed occupancy rate
2. # Daily census
3. $ Cost per discharge
4. % Medication error rate
5. % Patient cash net revenue
One of the most important benefits that this report brings is the international perspective on the most popular KPIs for Hospitals Management. Hospitals KPIs provide quantifiable measurements of factors determined to be important for the successful implementation of Hospitals strategies. The skill in applying KPIs is in the selection of the optimum number and appropriateness of KPIs. By discussing the use of KPIs today, presenting the best practice in documenting them and listing the most popular KPIs, the Top 25 Hospitals KPIs of 2011-2012 report is a valuable resource in promoting the informed use of KPIs or refreshing the existing performance measurement and management practice in any organization.
According to Aurel Brudan, The KPI Institute’s CEO “The Top 25 Hospitals KPIs of 2011-2012 report is a synthesis of what smartKPIs.com is all about: it provides an overview of how Hospitals KPIs are used in practice today, by combining input from the online community with analysis and insights from our research team."
http://www.smartkpis.com is the leading online platform for performance management knowledge integration, hosting the largest database of thoroughly documented KPI examples available on the web today. It offers high quality resources and collaboration functionality for the community of members, assisting them in making smart decisions regarding their performance management initiatives. Registration is free and enables research, learning and interaction as part of a growing community of members from over 190 countries and territories.
ABOUT THE KPI INSTITUTE
The KPI Institute is a research, publishing and educational provider specialized in developing better practice in the use of KPIs. It developed the KPI Management Framework and runs five main research programs, dedicated to performance management, the Balanced Scorecard, KPIs, analytics and organizational strategy. Over the last 8 years, The Institute assisted over 5,000 organizations in finding solutions to their KPI needs.
Cipriana Turcanu, The KPI Institute, Tel: +61 3 9670 2979, Email: cipriana.turcanu@smartKPIs.com