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The Hospital Value Index ™ is the first scorecard ranking U.S. hospitals on the relative value of care they provide their communities

 

This new measure was developed in anticipation of the Centers for Medicare and Medicaid Services' (CMS) Value-Based Purchasing initiative, which proposes to financially reward a hospital based on the value of its care beginning next year. It also recognizes the growing influence of consumers shopping for the best hospital values in their communities.

 

Unlike other benchmarking efforts, the Hospital Value Index™ provides hospitals with an all-encompassing score to understand where they excel and where they can improve.

 

The Hospital Value Index™ is also a resource for healthcare consumers to compare the value of hospitals. Where the quality of care between hospitals is relatively equal, the Hospital Value Index™ will identify the hospital that is more affordable. Where the price between hospitals is the same, the Hospital Value Index™ will reveal the one with better quality.

Welcome Consumer

It's no secret that consumers are increasingly taking on the burden of healthcare costs, and as a result, they are becoming more active when choosing their healthcare providers. Today's consumers want to know not only where they can get the highest quality of care for their money, but also how to evaluate the reputation of the hospital and whether past experiences have been satisfactory.

The Centers for Medicare and Medicaid Services (CMS) has recently required hospitals to survey patients about their experience in a hospital. Of course, what patients experience on their own is often different than what consumers think about the hospitals in their city. The Hospital Value Index™ recognizes this distinction and includes both consumer experience and consumer perception in identifying hospitals that deliver good value.

The Hospital Value Index™ provides consumers a source to find this information and, as a result, empowers healthcare consumers to make the best decision regarding their own health and the care of their loved ones.