Montrose, CO: For the fourth 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: The State of the Hospital Industry – 2015 Edition.
MMH is part of a select and distinguished group of hospitals in the United States. Only two 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 our community.
“It is a major accomplishment to be ranked a five star hospital for the fourth year in a row,” said Steve Hannah, MHA, CEO for Montrose Memorial Hospital. “I’m proud of the hard work of our MMH team members, including caregivers, support staff, physicians and healthcare providers.” Mr. Hannah stated the governing board and leadership of MMH are committed to high quality and cost efficiency to ensure local residents and visitors receive excellent care.
As healthcare value is increasingly discussed nationally, the Community Value Index (CVI) provides an objective assessment of the relative value a hospital provides. This accomplishment provides evidence that MMH has low costs, low charges, uses financial resources efficiently for reinvestment back into the provision of healthcare and also provides a high quality of patient care.
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 CVI was first created to provide an assessment of a hospital’s performance in four areas; financial strength and reinvestment, cost of care, pricing and quality of care. It’s important to recognize that a large number of hospitals may perform well in one or two of the cores areas of the CVI; however MMH achieved strong performance in each of the four areas which ranks them in the top twenty percent of hospitals nationwide.
About Montrose Memorial Hospital(www.MontroseHospital.com)
Montrose Memorial Hospital is a 501(c)3 nonprofit healthcare system serving Montrose, San Miguel, Ouray, Gunnison, Delta, Hinsdale and San Juan counties. The health system offers a 75-bed hospital and an extensive range of inpatient & outpatient health care services, including cardiology, oncology, minimally invasive surgery, laboratory, medical imaging/radiology, Mountain View Therapy, Level III Trauma Center and the family birthing center. The health system partners with regional providers on joint ventures to meet local healthcare needs, including CareFlight air ambulance service and Black Canyon Surgical Center. Montrose Memorial is the second-largest employer in Montrose County, with more than 600 employees and 100 physicians who represent 23 medical specialties. The hospital has received patient satisfaction ratings exceeding 90% since 2010.