Davis Memorial Hospital honored
Davis Memorial Hospital is a five-star facility, among the top hospitals in the country, when it comes to providing community value, according to a new study.
Cleverley + Associates, a leading health care financial consulting firm based in Columbus, Ohio, released the ranking as part of its “State of the Hospital Industry – 2013 Edition.” Davis Memorial Hospital ranked among the top 20 percent of hospitals nationally in the firm’s proprietary Community Value Index.
“Davis Health System focuses on putting patients first, and we’re pleased to have that commitment recognized by Cleverley + Associates,” said Mark Doak, CEO of Davis Health System. “As health care continues to evolve and change, our dedicated professionals know that providing quality care in a cost-efficient way is a must. We pledge to continue providing value to our community for years into the future.”
William Cleverley, Ph.D., a noted expert in health care finance, co-authored the report, which focuses on the U.S. acute-care hospital industry from 2009-2011. The Community Value Index is part of that report.
“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,” added James Cleverley, co-author. “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 suggests that a hospital provides value to the community when it is financially viable, is appropriately reinvesting back into the facility, maintains a low cost structure, has reasonable charges and provides high quality care to patients.”