Dexur analyzed 2016-2018 Medicare claims data for Hip & Knee Replacement hospitalizations to benchmark revenue per day metric for the hospital, state and nation. Revenue per day is calculating by summing all Medicare revenue and dividing by total patient days in hospital. Optimizing for revenue per day can promote the triple aim of better care, better health, and lower cost. Since, revenue from Medicare is risk adjusted at the DRG level, fewer days in hospital for a fixed DRG payment can lead to lower cost to the hospital (higher revenue per day) and better patient experience (fewer patient-days in hospital).
Hospital | Total Hospitalizations - Jan 2016 to Dec 2018 | Revenue Per Day |
---|---|---|
National - Hip & Knee Replacement | 1,605,062 | $4,479 |
New York - Hip & Knee Replacement | 72,857 | $4,726 |
NewYork Presbyterian - Columbia University Medical Center, New York, NY | 36,640 | |
NewYork Presbyterian - Columbia University Medical Center, New York, NY - Hip & Knee Replacement | 972 | |
Hospital for Special Surgery, New York, NY - Hip & Knee Replacement | ||
NYU Langone's Tisch Hospital, New York, NY - Hip & Knee Replacement | ||
Lenox Hill Hospital, New York, NY - Hip & Knee Replacement | ||
Mount Sinai West, New York, NY - Hip & Knee Replacement | ||
Mount Sinai Hospital, New York, NY - Hip & Knee Replacement |