HENDERSON, Ky. - (10/29/13) - Methodist Hospital Union County in Morganfield, Kentucky was recently named one of the Top 20 Critical Access Hospitals (CAHs) for Financial Stability in the country.
The Top 20 Critical Access Hospitals, including Methodist Hospital Union County, scored best among critical access hospitals on iVantage Health Analytics’ Hospital Strength Index for Financial Stability. The rankings were recently announced by the National Rural Health Association (NRHA). An Awards ceremony was held during NRHA’s Critical Access Conference in October in Austin, Texas.
The Top 20 Critical Access Hospitals have achieved success in one of three key areas of performance:
–Quality index: A rating of hospital performance based on the percentile rank across the five categories of Hospital Compare of Care measures.
–Patient perspective index: A rating of hospital performance based on the percentile rank on two Hospital Compare HCAHPS measures (“Overall Rating” and “Highly Recommended)”.
–Financial Stability index: A rating of hospital performance based on the percentile rank on a set of balance sheet and income statement financial ratios.
"Methodist Hospital Union County is proud of the efforts of its physicians and staff who have contributed to our hospital achieving this designation," said Pat Donahue, MHUC Vice President & Administrator. "Our result as a Top 20 Critical Access Hospital for Financial Stability means our community can count on us to deliver the services they need now and in the future. Our efforts to improve our processes in the ED were greatly enhanced by the assistance & guidance from Stroudwater. Mary Guyot brought a wealth of knowledge & experience to the table that we could draw from to achieve that goal.”
Information provided by Jamie Liles, Methodist Hospital/MHUC
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