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3M™ Health Analytics Suite hospital compare

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  • Identify market share with state payer data by zip code, county and service area
  • Pinpoint opportunities to recapture lost market and make strategic decisions in service offerings
  • Receive a statewide, risk-adjusted benchmark of all patient encounters down to the DRG level, which can surface improvement opportunities in length of stay, readmissions, mortality, cost and charges

Manage resources, build market share

  • A question mark

    In the evolving world of health care, 3M steadies the ship with reliable information. 3M hospital compare can help answer the questions that keep your teams up at night:

                                          

    • Can we efficiently identify areas for improvement in our quality measures?
    • How do we compare to our competition down the street?
    •  Are we maximizing market share on the most profitable cases?
    •  Where are the most profitable cases coming from?
    •  Are we as efficient as we could be?

Risk adjusted and ready

  • 3M™ Health Analytics Suite hospital compare uses public data sets, inpatient and outpatient claims data to offer data-driven insights into hospital efficiency and quality, physician performance and volume, and market share for both the facility and every hospital in the state. With 3M hospital compare, hospitals can establish a firm foundation to better understand resource utilization and performance against its peers at the patient level. Simply put, it helps providers keep costs under control by managing length of stay resources and potentially preventable readmissions, admissions, complications and visits, while identifying opportunities for improvement in the organization.

     

    Presented in an easy-to-navigate format via a user friendly web interface, 3M hospital compare enables risk-adjusted performance analysis against a statewide benchmark, with year-to-year comparisons.

     

Rich data to understand your market share

  • Statewide risk-adjusted data, using the 3M™ All Patient Refined (APR) DRG Software and the 3M™ Enhanced Ambulatory Patient Grouping (EAPG) Classification, forms the foundation for 3M’s comparative data set and also creates a statewide benchmark. 3M offers multiple years of data for all hospitals within a state. This offers a vast amount of source data, which 3M hospital compare uses to surface information and address the need for structured source data.

    An added benefit of using a statewide risk-adjusted benchmark is that all patient encounters are included, so providers can use the benchmark data to determine market share down to a diagnosis related group (DRG) level. 3M hospital compare provides health systems with a deeper knowledge of market share and helps determine whether it is maximizing value by managing length of stay and potentially preventables, and aligning costs.
     

Ready to take the next step?

Let’s work together to optimize your organization. Send us a message or speak to a 3M representative at 1-800-367-2447 (available weekdays 7 a.m. to 3 p.m. CT).

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