|SPRINGFIELD – For the fourth consecutive year, Mercy Medical Center has been recognized as a Top100 Community Value hospital by Cleverley + Associates, a leading healthcare financial consulting firm specializing in operational benchmarking and performance enhancement strategies. Mercy’s designation is noted in the independent organization’s recent publication: State of the Hospital Industry – 2013 Edition.|
“Mercy Medical Center’s longstanding reputation for delivering high quality care at a reasonable cost has once again been independently confirmed with the presentation of both the Community Value 100 and Community Value Five Star Awards. We are proud to be identified among the nation’s highest scoring facilities in measures of quality of care and costs for the fourth year in a row,” Daniel P. Moen, president and chief executive officer, Sisters of Providence Health System, said.
“With an increasing focus on healthcare value and value-based purchasing of healthcare services driven by healthcare reform, providers are challenged to maximize their productivity and efficiency without sacrificing quality. These awards are further validation that Mercy Medical Center successfully meets those challenges,” Moen added.
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 U.S. acute-care hospital industry over a three-year period (2009-2011).
For the 10th year, the 2013 State of the Hospital Industry reports an exclusive measure developed by Cleverley + Associates: the Community Value Index (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 hospital value is increasingly being discussed. Issues of pricing and community benefit have been well-publicized but little has been offered to measure the broad scope of value,” James Cleverley, co-author, said.
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