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Lowell General Hospital Recognized As a Community Value 100™ Hospital by Cleverley + Associates

Value Measures Put Hospital in the Top 20 of Non-Teaching, Large Hospitals Nationwide for Fourth Consecutive Year

July 26, 2010 – Lowell, MA – Lowell General Hospital was recently recognized as a top-ranked Community Value Provider by Cleverley + Associates (Columbus, OH). Cleverley + Associates, a leading healthcare 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 - 2010 Edition. This is the fourth year that the hospital has held this position which is based on strong financial standing, lower than average costs and charges, and high quality of care.

Cleverley + Associates logo“Quality patient care has always been the unwavering commitment and goal in meeting the healthcare needs of our community,” said Normand E. Deschene, president and chief executive officer of Lowell General Hospital. “We are proud to deliver this consistently to our patients while managing costs, efficiently providing services, and reinvesting into infrastructure and technology.”

The State of the Hospital Industry reports selected measures of hospital financial performance and discusses the critical factors that lie behind them. For the seventh year, the 2010 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 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.”

Lowell General Hospital has maintained its Community Value 100 ranking for the past four years based upon a nationwide performance index. This rating acknowledges the top 20 highest scoring hospitals in each peer group nationwide. Lowell General is categorized in the non-teaching, large hospital segment.

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