Catholic Health Hospitals Named Five-Star Hospitals
June 21, 2013
All three Catholic Health hospitals – Sisters of Charity Hospital, Kenmore Mercy Hospital and Mercy Hospital of Buffalo – have been named “Five-Star Hospitals” in Cleverley + Associates’ 2013 Community Value Leadership Awards.
This is the fifth consecutive year in which every Catholic Health hospital has earned this recognition.
In addition to the five-star honors, Sisters of Charity Hospital placed in the top 20% of Five-Star hospitals, earning Cleverley’s Community Value 100 designation for the eighth consecutive year.
A leading healthcare financial consulting firm specializing in operational benchmarking and performance enhancement strategies, Cleverley + Associates evaluates more than 2,700 health care facilities in four key areas:
- financial viability,
- charges, and
- quality performance.
The Five-Star rating places Catholic Health’s hospitals in the top 20 percent of these facilities.
The Cleverley Value Index (CVI) was created to provide a measure of the value that a hospital provides to its community.
Cleverley’s 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.
About Cleverly Value Index (CVI) and the Five Star Ratings
Five-star ratings are awarded based on the attainment of a top 20 percent ranking among the hospitals examined in the study.
Measurement in specific areas suggest that hospitals operating with a high degree of community value are those that are low cost, low charge, and use a strong financial position to reinvest back into the provision of care at the facility. Each area contains metrics that compare a hospital’s performance to an appropriate peer group. The combined performance in each area is the Community Value Index® score.
Those hospitals with scores in the top twenty percent are designated as “Five-Star” facilities.