The approach
Benchmarking against a peer group that actually looks like you.
Our benchmarking platform lets members measure performance against peers, find gaps, share what works and document real progress. Comparing against organizations of similar size and structure is what makes the comparison useful.
That is the foundation of a continuous improvement culture, and it benefits the patients who depend on you.
Every industry is looking to data to reveal insights on how to improve performance, and healthcare is no exception. Data provides hospitals the opportunity to compare and contrast themselves against others, as well as identify areas of opportunity and potential best practices. With focused attention on comparative analytics, financial, patient, and clinical data can provide unmatchable insights that can drive more accurate, actionable and effective decision making.
Developing Comparative Analytics
TPC's goal is to develop financial, clinical and operational benchmarks from Member data so Members can use TPC as a peer group for comparison. With this data, Members can identify opportunities for improvement. The data can help identify high-performing hospitals that may be able to advise other Members on best practices or help identify common gaps across the Membership where third-party support may be needed.
Additionally, Member Comparative Analytics provide real-time information to empower decision makers with the ability to monitor the impact of ongoing initiatives. The information provided is comprehensive and direct from the source, ensuring the actionability of these insights.
Become a Partner to Lead the Industry to Mutual Success
At TPC, data is pulled from a variety of sources across financial and clinical operations and then applied to TPC services and programs, ultimately providing Members with realized improvement in cost, quality, and revenue.
Together, TPC and our Members can transform the healthcare industry. Our Members are industry leaders and change agents that set the standard for hospital data collection, integrity, and actionable insights. Collaborating with TPC, they will help standardize definitions and formulas across data sources to ensure maximum value and accurate comparisons.
As one of many benefits for TPC Members, the use of Comparative Analytics to aggregate and integrate external and internal data helps to ensure competitive yet collaborative peer pacing that allows for data-centric decisioning, ultimately significantly improving hospital performance.
Stronger Together. Superior Results.
Members reach these results by working the programs together. If your organization is weighing what that looks like, the next step is a conversation.