Norwood Hospital Awarded Community Value Five-Star Designation as One of Top Performing Community Hospitals in the Country
Norwood Hospital Awarded Community Value Five-Star Designation as One of Top Performing Community Hospitals in the Country
Norwood Hospital Receives 2016 Community Value Leadership Award from nationally recognized data and consulting firm Cleverley + Associates
(Norwood, MA) – Norwood Hospital, part of the Steward Health Care System (Steward), today announced it was named to the prestigious Community Value Five-Star List as one of the top performing community hospitals in the country. Norwood Hospital received the 2016 Community Value Leadership Award from nationally-recognized data and consulting firm Cleverley + Associates.
Cleverley + Associates first published its Community Value Index in 2004 as a way to assess the value an individual hospital provides to its local community. The Index examines ten measures within the four performance areas – financial viability and plant reinvestment, hospital cost structure, hospital charge structure, and hospital quality performance – and remains the most comprehensive index dedicated to hospital value assessment.
“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,” said James Cleverley, co-author of the 2016 State of the Hospital Industry, which reports the Community Value Index. “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.”
Under Steward’s patient-centric Accountable Care Organization model, Norwood Hospital has:
• Received the “Gold Ribbon Seal in Healthcare” from the Joint Commission on Accreditation, a national non-profit organization which accredits and certifies over 20,000 health care organizations and programs using national health care quality and safety standards.
• Achieved some of the highest quality scores from Blue Cross Blue Shield of Massachusetts’ Alternative Quality Contract, which are nationally recognized metrics measuring quality of care and patient experience.
“The Community Value Leadership Award is a yet another strong validation of Norwood’s quality care delivery model,” said Kim Bassett, RN, MBA, BSN, President of Norwood Hospital. “We are thrilled to be counted among the Community Value Five-Star hospitals, and will continue to strive to provide high quality health care at an affordable cost in the Norwood area.”
As large hospital systems move health care into urban centers and away from the communities that need them, Norwood Hospital and Steward have worked to keep quality care local, all while making it more affordable. Norwood’s 2016 Community Value Leadership Award demonstrates Steward’s continued ability to provide high quality, affordable community-based health care services.
About Norwood Hospital
Norwood Hospital is a full-service, 215-bed community hospital for adults and children with a focus on delivering world-class health care along with the latest advances in technology and treatment options. Norwood Hospital is part of the Steward Health Care System LLC, the largest integrated community care organization in New England which combines over 3,000 physicians, 10 acute care hospitals, managed care, insurance programs, home care, an imaging operation, and a number of other post-acute services, to provide the most cost effective and highest quality of integrated patient care. Additional information is available at www.norwood-hospital.org
About Steward Health Care
Steward Health Care is the largest fully integrated health care services organization and community hospital network in New England. Headquartered in Boston, Steward is one of the five largest employers in Massachusetts with more than 17,000 employees in more than 150 communities. Steward is comprised of Steward Medical Group, Steward Health Care Network, and Steward Hospital Group. Steward Medical Group provides approximately 1 million patient encounters per year at 152 sites and manages homecare and hospice with 300,000 and 35,000 encounters respectively. Steward Health Care Network, a fully integrated care management company, has 3,000 physicians, with approximately 4 million patient encounters per year and affiliates or joint ventures with approximately 30 urgent care centers. Steward’s Hospital Group includes Norwood Hospital, Saint Anne’s Hospital in Fall River, St. Elizabeth’s Medical Center in Brighton, Carney Hospital in Dorchester, Good Samaritan Medical Center in Brockton, Nashoba Valley Medical Center in Ayer, Holy Family Hospital in Haverhill and Methuen, Morton Hospital in Taunton, and New England Sinai Hospital in Stoughton. Additional information is available at www.steward.org.