RMC Recognized as a Community Value Five-Star® Hospital by Cleverley + Associates
The Regional Medical Center of Orangeburg & Calhoun Counties (RMC) was recently recognized as a top-ranked Community Value Provider by Cleverley + Associates, a leading healthcare financial consulting firm specializing in operational benchmarking and performance enhancement strategies. Cleverley + Associates released its findings as part of its new publication: State of the Hospital Industry — 2014 Edition.
“We are honored to be recognized by Cleverley & Associates,” said RMC President & CEO Tom Dandridge. “RMC is committed to the communities we serve and focused on providing our patients high-quality, cost-effective healthcare. This recognition validates that we are on the right track.”
Written by William O. Cleverley, 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 (2010-2012).
For the eleventh year, the 2014 State of the Hospital Industry reports an exclusive measure developed by Cleverley + Associates: the Community Value Index® (CVI). The CVI 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 hospital value is increasingly being discussed. Issues of pricing and community benefit have been well-publicized but little has been offered to measure the broad scope of value,” adds James Cleverley, co-author. “In response, the Community Value Index® was created to provide an assessment of a hospital’s performance in four areas: financial strength and reinvestment, cost of care, pricing, and quality. 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.”
About Cleverley + Associates
Cleverley + 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. For more information, call Cleverley + Associates at 888-779-5663 or visit www.cleverleyassociates.com.
About the Regional Medical Center of Orangeburg & Calhoun Counties (RMC)
The Regional Medical Center, in Orangeburg, S.C., is a 286-bed, acute-care facility, employing more than 1,200 healthcare professionals. Serving Orangeburg and Calhoun counties and surrounding areas, RMC is accredited by The Joint Commission and has Advanced Certification as a Primary Stroke Center. RMC offers a 24-hour emergency department and a full-range of high-quality medical services such as same day surgery, orthopaedics, obstetrics, cardiology, cancer care, dialysis access and the latest in diagnostic imaging.
The Regional Medical Center also operates nine Primary Care practices, an Occupational Medicine practice, three Cardiology practices, an Orthopaedics practice, two Surgery practices, an Internal Medicine practice, an Internal Medicine/Gastroenterology practice and an Obstetrics/Gynecology practice, as well as after-hours Urgent Care with physician, lab and X-Ray in Santee, S.C. and Bamberg, S.C. RMC’s Mobile Services van provides digital mammography and other screenings throughout the region.