Data Advantage LLC’s Hospital Value Index™ is the first and only national study on U.S. hospitals and the value of care they provide…
By Militza Richard
The Best in Value: Superior Affordability & Efficiency Merit Award™ from Data Advantage, LLC honors hospitals that combine affordability and efficiency with high quality care and high patient satisfaction.
While it’s easy to assume that the best hospitals are the ones with the most money, this year’s winners hail from economic diverse markets. Hospitals from New York, Pennsylvania and Alabama dominate the Merit Award list, indicating success on all levels. Surprisingly, California didn’t make the list at all.
“The American Hospital Association recently revealed that profitability at community hospitals is decreasing,” said Hal Andrews, CEO of Data Advantage. “Even so, hospitals like the Affordability & Efficiency Merit Award winners are able to prevail in an economic downturn by operating their hospitals efficiently. In doing so, this group is able to provide their patient communities with affordable healthcare.”
In order to make the list, hospitals are judged on quality, affordability & efficiency and patient satisfaction. The guidelines are stringent, and out of the more than 4,500 hospitals that were analyzed, only 75 received the Superior Affordability & Efficiency Merit.
"The Affordability & Efficiency Merit Award™ hospitals exhibit some remarkable results,” said John R. Morrow, a founder of the Hospital Value Index™ study. “These hospitals improved their scores on average by 18.58% representing the top ten percent of all hospitals in the study, while those in the bottom ten percent on average saw a decrease of 23.51% in their affordability and efficiency scores."
"These improvements reflect both a reduction of costs and a decrease in prices charged for the market basket of services. This reveals a progressive and enhanced value proposition that these hospitals deliver to their local communities every day,” Morrow added.
For the full study results visit: http://www.hospitalvalueindex.com/
Edited by Kevin Doyle