Inpatient Management, Inc. Announces Record-Breaking New Business in 2010
IMI hospital clients post 4:1 ROI for Hospitalist Programs and FTE Savings up to $492,000
ST. LOUIS (Feb 15, 2011) — Inpatient Management, Inc. (IMI) announces a record-breaking year in new business, with the implementation of eight new contracts during the last six months of 2010 reflecting the record pace for the year. IMI achieved these results through expansion into Louisiana, California and Iowa and additions in existing markets. The company’s hospital clients also achieved a 4:1 return on investment for 2010 and hospital cost savings as high as $492,000 per FTE hospitalist.
In 2010, IMI hospital clients reported cost-per-case savings ranging from $1,500 to $1,600 and annualized savings ranging from $3.25 million to $6.4 million. IMI hospital clients posting these results include community hospitals, regional medical centers and academic medical centers.
“An important contributor to our clients’ success is the natural alignment of physicians and hospitals around quality and financial performance that comes with IMI programs,” says Terri Orf, IMI President and Chief Operating Officer. “We see a growing understanding that IMI’s infrastructure and clinical model transform fragmented hospital medicine processes into a focused, high-performance program.”
Among the 2010 performance results IMI clients report are:
• Hospitalist retention rate of 93% (turnover rate of 7%)
• Staffing fill rate for established programs of 98%
• Patient satisfaction scores in the 90th percentile
• Risk-adjusted unexpected mortality rates outperforming national benchmarks by 40%
• Exceeded hospital client goals for reduction in average length of stay by as much as 25%
• 25% total increase in patient encounters
• Overall 30-day readmission rate of less than 10%
Kirk Mathews, IMI Chairman and Chief Executive Officer, notes, “Our strong year-over-year growth continues a trend that confirms the value of our programs to our hospital clients. We are proud of results that reflect the superior work and dedication of our hospitalists.”
About Inpatient Management, Inc.
Inpatient Management, Inc. (IMI), headquartered in St. Louis, Mo., is a national provider of comprehensive hospitalist programs and consulting services. Independently owned and operated since 1997, IMI serves hospitals and health system clients across the country, including Missouri Indiana, Iowa, Illinois, Louisiana, Michigan, California, Nebraska, Kansas, North Carolina, South Carolina, Alabama and Washington. For more information about Inpatient Management, visit www.inpatient.com.
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