Rutherford Hospital Designated a Top 100 Community Value Provider

Rutherford Hospital has been named to the Community Value Index (R) (CVI) Top 100 hospitals list. Cleverley + Associates, a leading healthcare financial consulting firm specializing in operational benchmarking and performance enhancement strategies, released the findings as part of its publication: State of the Hospital Industry — 2008 Edition. “We are proud to be recognized for offering high quality and affordable services to our community," stated David Bixler, President and CEO. “We are one of three hospitals in North or South Carolina to have been awarded this distinction.”

The fifth annual CVI study was a logical and meaningful evaluation of the US hospital industry. At a time when hospitals are increasingly measured on their involvement and performance in their communities, Cleverley + Associates has developed a tool for objective assessment.

The CVI Study contains three core areas of evaluation:

1)    Financial viability and plant reinvestment
2)    Cost structure
3)    Charge structure

Measurement in these 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. A subset of this group is the “Top 100” which contains the highest scoring facilities in the country. The local management team has been informed that Rutherford Hospital’s performance achieved both designations.

“We are extremely pleased to be recognized in this manner,” stated Jim Bross, Vice President and CFO of the Hospital. “Last year we were recognized as a Community Value 5-Star Hospital by Cleverley & Associates. To have Rutherford Hospital make the Top 100 in the nation is an outstanding accomplishment. It means we are a value-leading hospital with above-average performance in financial management, reinvestment, and low cost and efficient operations. Our entire organization, including the staff, management team, physicians and board of Rutherford Hospital has worked diligently to deliver quality services and exceptional value to our community.”