Benchmark Data in LTC Nursing Facility

I work in a long-term care nursing facility. I am a assistant director of nursing.  Please answer the following questions in an effort to design your QI project.

Q. 1: What specific data do you monitor in your current position? 

Q2: What data sets do you use to benchmark against like sized organizations? 

Q3: What is the process for monitoring these data sets? Are there metrics you should be using?