|
 MCG Health System Has Been Recognized
As A Community Value Top 100 Hospital
MCG Health System was recently recognized as a top-ranked Community Value Provider by Cleverley + Associates (Columbus, OH). Cleverley + Associates, a leading healthcare financial consulting firm specializing in operational benchmarking and performance enhancement strategies, released the findings as part of its new publication: State of the Hospital Industry — 2007 Edition.
The Top 100 ranking lists some of the top teaching hospitals in America. MCG Health System is the only hospital in the state of Georgia to make the list.
Written by William O. Cleverley, Ph.D., a noted expert in healthcare finance, the State of the Hospital Industry reports selected measures of hospital financial performance and discusses the critical factors that lie behind them. The publication focuses on the US acute-care hospital industry over a three-year time period (2003-2005).
For the fourth year, the 2007 State of the Hospital Industry reports an exclusive measure developed by Cleverley + Associates: the Community Value IndexTM (CVI). The CVI is a proprietary index created to offer a measure of the value that a hospital provides to its community. The book outlines the data used to calculate the CVI as well as provides a list of the Top 100 and all Five-Star (top quintile) hospitals.
“The topic of healthcare value is increasingly being discussed. Recent highlights on hospital performance and pricing have driven the dialogue; however, interested parties have been looking for objective information regarding the issues”, adds James Cleverley, co-author. “In response, the Community Value IndexTM was created to provide an assessment of a hospital’s performance in three areas: financial strength and reinvestment, cost of care, and pricing. Fundamentally, the CVI suggests that hospitals that are low cost, low charge, and use financial resources efficiently for reinvestment back into the provision of healthcare are operating with a high degree of community value.”
|