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Community Value Five-Star Hospital

Jackson-Madison County General Hospital has been recognized as a Community Value Five-Star Hospitalby Cleverley + Associates. The findings were released as part of the new publication: State of the Hospital Industry 2010 Edition. The Community Value Index (CVI) scoring ranked General Hospital as one of the top hospitals in the nation in terms of the value provided to the community.

The CVI was created to provide a measure of the value that a hospital provides to its community. The CVI is composed of ten measures that assess a hospital's performance in four areas:

  • Financial viability and plant reinvestment
  • Hospital cost structure
  • Hospital charge structure
  • Hospital quality performance

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 low cost structure, has reasonable charges, and provides high quality care to patients.

Key Performance Indicators:  (General Hospital is number 440002)
Financial Strength Index Hospital Quality Index 

 

Hospital Charge Index  Hospital Cost Index 

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," said 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."

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, go to www.cleverleyassociates.com.


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