Cleverly + Associates, a leading healthcare financial consulting firm specializing in performance strategies, seeks to enhance the financial performance of hospitals.
The Community Value Index is used to measure the value that a hospital provides to its community. “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,” says James Cleverly, co-author of The State of the Hospital Industry - 2010 Edition. “In response, the Community Value Index was created to provide an assessment of a hospital’s performance in four areas: financial strength and reinvestment cost of care, pricing, and quality.”
Sampson Regional Medical Center’s performance was assessed in the four areas of financial viability and plant reinvestment, hospital cost structure, hospital charge structure, and hospital quality performance. The Community Value Index score that SRMC received was nearly ten points above the US median score.
“This is one more step to ensure that Sampson Regional Medical Center will remain an independent community hospital,” says Jerry Heinzman, Chief Financial Officer of SRMC.
Being selected as a Community Five-Star™ Hospital distinguishes Sampson Regional Medical Center as a health care organization that appropriately reinvests back into the facility, maintains a low cost structure, has reasonable charges, and provides high quality care to patients.
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