Adjusted Expenses per Inpatient Day
This PDF report includes benchmarking data (in a visual, chart-based format), an comprehensive KPI definition, characteristics of high performers and technical details on measuring Adjusted Expenses per Inpatient Day. Purchase and download this easy-to-understand, presentation-ready report immediately to compare performance levels, set attainable performance targets, and push towards best-in-class performance for this KPI.
What is Adjusted Expenses per Inpatient Day?
The total cost of providing inpatient and outpatient care divided by the number of adjusted inpatient days managed by the hospital over a certain period of time. Time spent on outpatient services is converted to inpatient days.
Why should Adjusted Expenses per Inpatient Day be measured?
Adjusted Expenses per Inpatient Day measures the total cost of providing inpatient and outpatient care in relation to the number of adjusted inpatient days managed by the hospital over a certain period of time. A relatively high value for this metric is typically related to a few common factors, including highly manual (i.e., error and rework prone) inpatient and outpatient care processes and procedures (e.g., patient medication tracking, patient monitoring, medical history gathering, etc. practices that are almost entirely managed through manual labor), overstaffing of all inpatient and/or outpatient functions, general inefficiencies within inpatient and outpatient processes (e.g., inaccurate medication tracking, inefficient gathering of the patient's medical history, poor diagnosis of symptoms and patient issue severity, etc.), and sub-par inpatient and outpatient employee training and performance. While a low value for this metric is preferred, this should also be balanced with the level of service being provided to patients, as the quality of inpatient and outpatient services may impact patient satisfaction, the length of the patient's stay in the hospital, and the patient's survivability.
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