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ERMC earns another prestigious honor

For the second time this month, Ennis Regional Medical Center has been notified its continued efforts to provide top-notch healthcare for Ellis County residents has not gone unnoticed.
Earlier this month, ERMC was named one of the “Top 100 Hospitals” in the nation by Solucient, one of the most respected hospital evaluators in the country. Within days of that notification, administrators were notified the hospital has been recognized as one of the top “Community Value Hospitals” in the U.S. by Cleverly and Associates, a leading healthcare financial consulting firm specializing in operational benchmarking and performance enhancement strategies. The announcement of ERMC’s standing was released as part of Cleverly and Associates’ new publication: State of the Hospital Industry — 2007 Edition.
“We are deeply honored to have received two such outstanding awards,” said Dan McLean, the new ERMC CEO. “It is extremely gratifying to know that these companies who are highly regarded in the hospital industry recognize and honor the efforts of the physicians, staff and employees of our hospital. We will endeavor to do even better, which translates into value based quality healthcare for the people in the communities we serve.”
Written by William O. Cleverly, Ph.D., a noted expert in healthcare finance, 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.
Cleverly said for the fourth year, the 2007 State of the Hospital Industry reports an exclusive measure developed by Cleverly and Associates: the trademarked Community Value Index (CVI). The CVI, Cleverly said, is a proprietary index created to offer a measure of the value that 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 (top quintile) hospitals.
“The topic of healthcare value is increasingly being discussed,” said the report’s co-author James Cleverley. “Recent highlights on hospital performance and pricing have driven the dialogue; however, interested parties have been looking for objective information regarding the issues. In response, the Community Value Index was created to provide an assessment of a hospital’s performance in three areas: financial strength and reinvestment, cost of care, and pricing. Fundamentally, the CVI suggests that hospitals that are low cost, low charge, and use financial resources efficiently for reinvestment back into the provision of healthcare are operating with a high degree of community value.”
Cleverley and 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.

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Posted by on Mar 27 2007. Filed under News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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