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Cost of Care - is a measure of how effectively and efficiently care is provided to patients. Lower cost of care, in conjunction with high quality care, ensures that patients and insurance companies are receiving high-value health care services. The cost of care is adjusted to take into account the severity of patients' illnesses.
St. Luke's Hospital's cost of care is 16% lower (less expensive) than comparable hospitals. This means that given the high quality of care illustrated by the first 3 measures (mortality, complication and safety), patients at St. Luke's Hospital are receiving a 16% better value for services provided than at comparable hospitals.
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