HMP Metrics is a proprietary subscription service that delivers insight into the financial and strategic position of healthcare facilities into the hands of anyone who needs to think analytically about investment in the delivery of care.
HMP created Metrics to inform executive decisions and support expert testimony. Over time HMP realized the platform’s dynamic potential to empower the entire industry to make informed and strategic decisions.
“We honed the Metrics formula over decades of practical use in our work solving real world problems in hospitals, health systems and other facilities,” says Scott Phillips, Managing Director of HMP. “Whether it was making the right decision in a turnaround setting, undertaking financial due diligence, or presenting as an expert witness, the data always informed the right decisions and stood up to scrutiny. We’re proud to provide this treasure trove to the industry.”
HMP Metrics assembles Healthcare Cost Report Information System (HCRIS) data from more than 600,000 Medicare cost reports — filed by hospitals, nursing homes, home health agencies, and other providers — as well as billions of Medicare claims across all providers (including physician specific data) into an electronic database that overlays Census and financial data. The result is a versatile study of a healthcare facility’s financial and quality performance over the years in a format that natively compares metrics to peer facilities.
Importantly, data contained in the HMP Metrics database has been “scrubbed” to exclude partial period or statistically aberrant data elements reported by individual providers. This careful data validation process produces highly accurate and defensible benchmarks for the hundreds of industry metrics reported in the database.
That accuracy lends itself to a wide audience of users that intersect the healthcare industry, including: hospital boards; hospitals and health systems; law firms; accounting and consulting companies; investment and commercial banks; vendors and group purchasing organizations; policymakers; and marketing, communications and journalism professionals.
Demos and subscription quotes are available by visiting: https://hmpmetrics.com/