Community Value Index Award
Providence Healthcare Network has been named a recipient for the second year in a row of the Community Value Index Award presented annually by Cleverley + Associates, a national healthcare financial consulting firm.
Cleverley + Associates published a ranking of the best hospitals in the nation in terms of value they provide for their community. Cleverley + Associates conducts a logical and meaningful evaluation of all U.S. hospitals using team measures that assess a hospital’s performance in four areas:
- Financial viability and plant reinvestment
- Hospital cost structure
- Hospital charge structure
- Hospital quality performance
The analysis 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.