HOSPITAL VITAL SIGNS

While physicians, nurses and allied medical staff focus their attention on patients' vital signs, administrators attend to financial indicators. Medical professionals have EKGs, MRIs, blood flow and pulse to monitor. Administrators have days in accounts receivable, return on investment, cash flow and margins to watch. When the numbers aren't favorable, hospitals’ ability to provide quality care is in jeopardy.

Just as the latest medical technology can help doctors and nurses provide the best care, better financial analysis tools can help hospital financial professionals stay on top of financial viability and operate more effectively.

OHA has entered into an agreement with DataGen, Inc., a wholly owned subsidiary of the Healthcare Association of New York State (HANYS), to create a model based on data from publicly available sources (HCRIS files) to generate these analyses that incorporate bond rating benchmarks and peer groupings of select financial indicators. Users can select from multiple peer groupings, including bed size, to compare hospital-specific measures by state and national peers. Values for bond rating agencies are also included.

Vital Signs, Indicators of Ohio Hospital Financial Viability, is available to OHA members only as a subscription service.  To sign up for this service, please contact Berna Bell , Health Policy Analyst.

Please direct any questions or comments to OHA Senior Vice President John Callender or Health Policy Analyst, Berna Bell