Avera McKennan wins Community Value Award
SIOUX FALLS (Aug. 6, 2012) – Avera McKennan Hospital & University Health Center has been awarded a Community Value Leadership Award by Cleverley + Associates, based in Columbus, Ohio, having earned the designation of Community Value Five-Star Provider.
The Five-Star recognition goes to hospitals that achieve a Community Value Index® score in the top quintile (20 percent) of all hospitals in their group. Avera McKennan was one of only three hospitals recognized in South Dakota, and the only one in the Sioux Falls region. This is the fourth time Avera McKennan has received this award since 2008.
Each year, Cleverley + Associates publishes a ranking of the best hospitals in the nation in terms of the value that they provide to their community. The current rankings were recently published in The State of the Hospital Industry - 2012 Edition. In the ninth annual Community Value Index® (CVI) study, Cleverley + Associates has conducted a logical and meaningful evaluation of the U.S. hospital industry.
Written by William O. Cleverley, PhD, a noted expert in health care 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 U.S. acute-care hospital industry over a three-year time period (2008-2010).
For the ninth year, the 2012 State of the Hospital Industry reports an exclusive measure developed by Cleverley + Associates: the Community Value Index® (CVI). The CVI was created to provide a measure of the value that a hospital provides to its community. The CVI is composed of 10 measures that assess a hospital's performance in four areas:
- Financial viability and plant reinvestment
- Hospital cost structure
- Hospital charge structure
- Hospital quality performance
“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,” said James Cleverley, co-author of the study.
“One of Avera’s three values is stewardship, along with compassion and hospitality. In our mission of health ministry, we feel it is imperative to make careful use of the resources entrusted to us, as well as our patients’ resources, so our patients receive the highest quality care possible at the best value,” said Dr. David Kapaska, regional president and CEO of Avera McKennan. “We’re proud to have received the only Community Value recognition in the Sioux Falls area, which validates that we are indeed providing our residents with the best possible value in health care.”
About Avera McKennan Hospital & University Health Center
Avera McKennan is part of an integrated delivery network that includes Avera McKennan Hospital & University Health Center in Sioux Falls, S.D., as well as 115 locations in more than 50 communities in four states. Our ministry, our people and our superior value distinguish Avera. We carry on the health care legacy of the Benedictine and Presentation Sisters, delivering care in an environment guided by our values of compassion, hospitality and stewardship. Avera McKennan is a member of Avera Health, a network which has nearly 14,000 employees and physicians, serving more than 300 locations and 100 communities in a five-state region. Inpatient, outpatient and clinic visits totaled 2.5 million in the last year, a number equal to more than twice the population of the Avera service area. For more information about Avera McKennan, see our website at www.AveraMcKennan.org.
About Cleverley + Associates
Cleverley + Associates is a Columbus, Ohio-based health care data and consulting services firm specializing in custom data analyses and reporting for health care providers, consultants, and vendors. The company’s primary focus is to provide health care 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.