In this issue
spotlight: Park Nicollet Methodist Hospital earns MHA Innovation of the Year in
Patient Care Award
Park Nicollet Methodist Hospital in St. Louis Park received the
2015 Innovation of the Year in Patient Care Award in the large hospital
category from the Minnesota Hospital Association (MHA). As an Accountable Care
Organization, Park Nicollet developed infrastructure to ensure safe patient
One transition of key importance is the transition from hospital to home.
Although the hospital had made great improvements, there continued to be a gap
in time between the patient discharge and arrival of the home care nurse or the
timing of the follow up visit. This caused concern and could result in an
unsafe situation or readmission for the patient.
In January 2014, the St. Louis Park Fire Department approached Park Nicollet to
discuss how they could partner around patient safety and transitions. The hospital
learned that several of the fire department's emergency medical calls were
occurring after hospital discharges. In March 2014, Park Nicollet and five
community fire departments joined together to create a post-discharge
This structured, one-time visit is a face-to-face meeting with a recently
discharged patient to ensure that the patient has safely transitioned to home
and understands the next steps in his or her care. The visit includes:
medication review, follow up visit(s), education on signs and symptoms and who
to call with questions, and a home safety assessment. Patients are referred to
resources as needed. For example, in June 2014, a food insecurity question was
added to the visit and connections were made with local food shelves so that if
a patient identifies a need for food, delivery can happen that same day.
As of February 2015, 227 visits have taken place and 99 percent of patients who
had a visit would recommend one to a family member or friend. Working with local
fire departments has created a unique partnership that benefits the patient,
care system, emergency responders and the community. Learn more about the MHA
awards on MHA’s website. return to top
Minnesota Hospital Financial Ratio Book available
The 2015 Minnesota Hospital Financial Ratio Book, based on 2014
financial statements, is now available for MHA members.
The book contains 27 key financial ratios that hospital administrators, board
members and financial officers need to understand their hospitals’ financial
standing compared to their peer groups in Minnesota. The in-depth report is produced
from hospitals’ audited financial statements and it provides unique insight
into the current trends different hospital groups face in Minnesota.
The book also includes common-sized financial statements, allowing hospitals to
compare their own statements against those with similar characteristics.
Further, a system-level section is included showing the same 27 key financial
ratios for hospital systems operating in the state.
The following are some of the key summary points in this year’s ratio book:
- Between fiscal year (FY) 2013
and FY 2014, the statewide median operating margin increased from 2.6
percent to 3.2 percent.
- The statewide median net margin
increased from 3.6 percent to 5.5 percent.
- Liquidity ratios slightly
weakened, and days in patient accounts receivable decreased from 53.75
days in 2013 to 51.87 days in 2014.
- The days cash-on-hand ratio saw
a slight increase, from 31.38 days in 2013 to 34.61 days in 2014.
The standard ratio book costs $100 and customized peer-group
reports are $50 for MHA members. For more information, contact Jonathan Peters, director of data and financial policy, MHA, 651-659-1422. To
order the book or customized reports, contact Jennifer Sanislo, division assistant, MHA, 651-659-1440. return to top
Workforce Summit Sept. 25
HealthForce Minnesota will host the Minnesota Laboratory
Professionals’ Workforce Summit on Friday, Sept. 25, from 8 a.m. to 4 p.m. at
the CentraCare Health Plaza Education Center in St. Cloud. Partners include the
Minnesota Department of Health, the American Society for Clinical Laboratory
Science – Minnesota and the Clinical Laboratory Management Association.
At the summit, participants will generate ideas and solutions for a workforce
roadmap to cover:
- Clinical capacity for educating
- Simulation laboratory support
- Return on investment for
providing clinical rotations
- Creative ideas for educating
View the agenda and register online. return to top
webinar Sept. 15 on patient and family engagement strategies
The American Hospital Association’s (AHA) Hospitals in Pursuit
of Excellence (HPOE) initiative will host a free webinar Tuesday, Sept. 15,
from 1-2 p.m. on results from the Health Research and Educational Trust’s
recent survey on hospital strategies to engage patients and families in their
care. Two hospitals also will discuss how they implemented their practices.
Patient and family engagement is associated with fewer adverse events, lower
health care costs and use of services, better patient self-management and
higher patient satisfaction. Learn more and register for the webinar on HPOE’s website. return to top
you to Annual Meeting sponsors
The MHA Annual Meeting will be held Sept. 16-18
at Madden’s on Gull Lake in Brainerd. Many key sponsors have already committed
to helping MHA deliver a high-quality program. MHA would like to thank the
following sponsors for their generosity and continued commitment to Minnesota
health care. For more information about sponsorships, contact Cari Kronschnable,
clerical/program coordinator, MHA, 651-659-1428.
Ryan Companies U.S. Inc.
BMO Harris Bank
Dougherty & Company LLC
EAPC Architects Engineers
Eide Bailly LLP
JE Dunn Construction
Kraus-Anderson Construction Company
Rural Physicians Group
Stinson Leonard Street LLP
Delta Medical Systems
Ideal Protein of America
Sunovion Pharmaceuticals, Inc.
For more information, view the brochure or visit MHA’s website. return to top