Southeast Georgia Health System Recognized As A Community Value Five-Star Hospital
BRUNSWICK, Georgia: October 12, 2009—Southeast Georgia Health System was recently recognized as a top-ranked Community Value Five-Star Hospital by Cleverley + Associates (C+A). C+A, a leading health care financial consulting firm specializing in operational benchmarking and performance enhancement strategies, released the findings as part of its new publication: State of the Hospital Industry—2009 Edition. The book outlines the data used to calculate the Community Value Index®, a measure developed by C+A that measures the value a hospital provides to its community. Additionally, the book provides a list of the Top 100 and all Five-Star hospitals.
According to Health System Executive Vice President & Chief Financial Officer Michael D. Scherneck, the Health System’s commitment to the community, including efforts to maintain competitive charges and reinvesting capital to meet the future needs of our area, led to the honor. “Our selection for this recognition means that we provide quality services at a good value to our community,” Scherneck says. “Despite the state of the economy, we have achieved a strong financial performance over the last several years, enabling the Health System to reinvest more than $164 million into the Brunswick and Camden County communities over the past five years. We’ve also made a concerted effort to control charges and we did not increase charges this fiscal year, which began May 1.”
State of the Hospital Industry, which is in its sixth year of publication, was written by William O. Cleverley, PhD, a noted expert in health care finance and reports selected measures of hospital performance and discusses the critical factors that lie behind them. The publication focuses on the U.S. acute-care hospital industry from 2005-2007.
“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,” says the book’s co-author, James Cleverley. “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.”
Scherneck agrees. “By remaining financially viable, we can continue to offer the latest technologies and innovations in health care right here in Southeast Georgia,” Scherneck says. “And by putting our resources back into the community through such reinvestments as the recent expansion and renovation of our Camden hospital in St. Marys, the expansion of our Miriam & Hugh Nunnally Maternity Care Center in Brunswick, and the recent opening of our next medical office complex on St. Simons, we are committed to providing our community with the best health care at the best possible cost.”