06 Nov 2013 11:24:39 MST Written by: Leann Tobin
For Immediate Release: June 18, 2013
Contact: Leann Tobin, Marketing & PR
Montrose: For the second year in a row, Montrose Memorial Hospital has been recognized as a top-ranked Community Value Provider by Cleverley + Associates. 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 – 2013 Edition.
MMH is part of a select and distinguished group of hospitals in the United States. Only four hospitals in the state of Colorado were honored with this award. Inclusion in the Community Value Leadership Award group speaks to the great value that MMH provides to those in our community. As healthcare value is increasingly discussed nationally, the Community Value Index (CVI) provides an objective assessment of the relative value a hospital provides. The CVI is the first and most comprehensive analysis of its kind – making the award even more meaningful. This accomplishment provides evidence that MMH is operating efficiently, charging reasonably, and providing high quality services. In addition, we are reinvesting to continue the great care we provide our community.
According to Cleverley + Associates, issues of pricing and community benefit have been well-publicized but little has been offered to measure the broad scope of value. 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. Fundamentally, the CVI suggest that hospitals who have low costs, low charges, use financial resources efficiently for reinvestment back into the provision of healthcare, and provide a high quality of patient care are operating with a high degree of community value.