The program has been successful across all measures and remains profitable, competitive, and is still growing. By strengthening inpatient to outpatient conversions, the program provides world-class care across the continuum, consistently delivering outstanding healing rates and patient satisfaction.
Volume has grown an average of 5% annually, which, along with efforts to control costs through formulary changes and staff management, has led to an average program margin of 48%. Educating nurses on appropriate dressing selection and utilization has also decreased inpatient supply costs.
Construction of the hyperbaric suite was completed on schedule and passed all regulatory surveys with no deficiencies. Since opening, the hyperbaric medicine program has provided treatment to over 1,000 patients, averaging a conservative hyperbaric conversion rate of 8%.
Additionally, since implementing the inpatient program, the Hospital Acquired Pressure Ulcers incidence rate decreased from an average of 14% to 2% over the first three months and continues to remain low.
The combined efforts of the hospital, USC, and WCA led to a smooth ownership transition that resulted in full employee retention and staff turnover in the clinic remains essentially non-existent. USC Verdugo Hills Hospital is the longest continuously running program in our portfolio.