Improving and reducing length of stay (LOS) improves financial, operational, and clinical outcomes by decreasing the cost of care for a patient. It can also improve outcomes by minimizing the risk of hospital-acquired conditions.
Faced with declining revenue related to changes in Medicare and Medicaid reimbursements, Memorial Hospital at Gulfport knew additional methods of providing more efficient and cost-effective quality care were needed to maintain long-term success. The organization embraced the challenge of reducing LOS to lower costs and lessen risk for its patients. By adopting a systematic, data-driven, and multi-pronged approach, Memorial has achieved significant results in one year including:
$2 million in cost savings, the result of decreased LOS and decreased utilization of supplies and medications.
47-day percentage point reduction in LOS.
Improved care coordination and physician engagement have successfully reduced LOS.
The 30-day readmission rate has remained stable.
Three percent increase in the number of discharges occurring on the weekend.