Alliance Community Hospital Receives Five-Star Award
Alliance Community Hospital was recently recognized as a top-ranked “Community Value Provider” by Cleverley and Associates.
Cleverley and Associates, a healthcare financial consulting firm based in Columbus, specializes in operational benchmarking and performance enhancement strategies. They recently released the findings as part of their new publication: State of the Hospital Industry - 2011 Edition.
Co-written by one of Cleverely and Associates’ principals, William O. Cleverley, Ph.D., the State of the Hospital Industry reports selected measures of hospital financial performance and discusses the critical factors that lie behind them. The publication focuses on the US acute-care hospital industry over a three-year time period (2007-2009). Due to the detail involved in calculating health care ratings information, there is always a considerable amount of lag time between research and publication, meaning several types of health care awards and recognitions are considerably retrospective.
The 2011 State of the Hospital Industry utilizes an exclusive measure developed by Cleverley and Associates called the Community Value Index® (CVI). The CVI measures the value a hospital provides to its community. The book outlines the data used to calculate the CVI, as well as provides a list of the Top 100 and all Five-Star hospitals. ACH received the latter recognition.
“We were very pleased to learn of this distinction and have been steadfast in our commitment to providing quality healthcare services at costs that are fair to the community we are privileged to serve,” said Stan Jonas, FACHE and CEO of ACH.
“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,” said James Cleverley, the publication’s co-author.
“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,” he said.
Added ACH Senior Vice President of Finance and Operations Dale Wells, MBA, CHCE, “We work hard to provide our community with all of these facets. ACH can affect our own pricing only to a certain degree, but what we can impact; we do with our community’s best interests in mind.”
“Offering quality, affordable care in a soothing healing environment is our priority,” said Wells.
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, call Cleverley + Associates at 888-779-5663 or visit www.cleverleyassociates.com.