The Community Value Index®
In our fifth annual CVI study, Cleverley + Associates has conducted 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, our firm has developed a tool for objective assessment.
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The CVI contains three core areas of evaluation:
1) Financial viability and plant reinvestment
2) Cost structure
3) Charge structure
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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.
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CVI Frequently Asked Questions (FAQ)