GAINESVILLE, Ga. — Northeast Georgia Medical Center recently was recognized as one of the HealthStrong™ Top 100 Hospitals in the nation, as determined by the Hospital Strength Index, which recognizes the top three percent of all U.S. hospitals. NGMC also received the following award recognitions: Best in Strength, Best in Region and Best in State.
The Hospital Strength Index™ is a comprehensive rating system that compares U.S. general acute-care hospitals across a continuum of financial, value-based and market-driven performance indicators. The hospital ratings system, conducted by iVantage Health Analytics, a newly formed healthcare business intelligence and technology company, addresses the new challenges required by healthcare reform and includes all U.S. acute care hospitals and traditionally unrated rural and critical access hospitals.
“We are truly honored to be recognized as one of the HealthStrong™ Top 100 Hospitals,” says Carol Burrell, president and chief executive officer (CEO) of Northeast Georgia Medical Center. “In a time of uncertainty for the future of health care, our regional community can take comfort in the viability and sustainability of our health system, which I credit to the passion and commitment of our staff, physicians, board members and volunteers.”
The Hospital Strength Index is designed to deliver hospitals a balanced scorecard and comparable rating of their performance as they begin implementing mandates of the 2010 Affordable Care Act. The Index incorporates 56 different measures of performance to help identify those hospitals that are best prepared for success under the new healthcare reform laws. The Index includes a unique set of measures rating market strength, value-based strength and financial strength as key pillars for benchmarking and setting new goals under health reform.
The market strength rating includes competitive strength, intensity, size and growth factors essential to Accountable Care Organizations (ACO) development.
The value-based strength rating includes quality, outcomes, patient perspectives, and cost and charge indicators that are essential for earning rewards under the Center for Medicare and Medicaid Services’ (CMS) value-based purchasing reimbursement incentives.
The financial strength rating includes income statement and balance sheet ratios most predictive of long-term sustainability that are essential in an environment of reduced payments.
Ratings are based on publicly available data sources, including Medicare Cost Reports, Medicare claims data and Hospital Compare quality reporting. To learn more about these ratings, visit www.HospitalStrengthIndex.com and www.HealthStrongAwards.com.For more information about the services provided at Northeast Georgia Medical Center, call 770-219-3840 or visit www.nghs.com.