|ACMH Named Five Star Hospital...
Abbeville County Memorial Hospital Recognized as a
Community Value 5-Star Hospital
ABBEVILLE, SC – Abbeville County Memorial Hospital was recently recognized as one of the top ranked Community Value hospitals in the US, by Cleverley & Associates (Columbus, OH). The hospital was one of only seven South Carolina hospitals that made the list. 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: The State of the Hospital Industry - 2005 Edition.
“We were very excited to receive this honor,” stated Alvin Hoover, FACHE, CEO of the hospital. “Not only does the Joint Commission on Accreditation of Healthcare Organizations (JCAHO) certify that we give high-quality healthcare, the Cleverley & Associates study says we give it economically.”
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 (2001-2003).
For the second year, the 2005 State of the Hospital Industry reports an exclusive measure developed by Cleverley & Associates: the Community Value Index (CVI). The CVI is an 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 hospitals. Hospitals named as “Five-star” were ranked in the top 20%.
Cleverley & Associates
State of the Hospital Industry
“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 Index 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.”
ABOUT CLEVERLEY & ASSOCIATES
Cleverley & Associates is a Columbus, Ohio-based healthcare data and consulting services firm specializing in custom data analyses and reporting for healthcare providers, consultants, and vendors. The company’s primary focus is to provide healthcare providers with solutions and recommendations that will enhance their financial performance through better pricing decisions; improved coding, capital restructuring, cost and productivity enhancements; and/or investment management changes. For more information, call Cleverley & Associates at 888-779-5663 or visit www.cleverleyassociates.com.
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