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NEWS RELEASE
FOR
IMMEDIATE RELEASE
Pacific Alliance Medical Center has been recognized
as a community value Five-Star hospital
Los Angeles, CA ––
(May 18, 2007) Pacific Alliance Medical Center (PAMC) was
recently recognized as a top-ranked Community Value Provider
by Cleverley + Associates, a leading healthcare financial
consulting firm specializing in operational benchmarking and
performance enhancement strategies. The firm released the
findings as part of its new publication: State of the
Hospital Industry — 2007 Edition.
“All of us at PAMC are deeply honored to be recognized by
our industry as a hospital that provides value to its’
community,” said John Edwards, CEO. “It validates our
staff’s hard work. But most of all, it reaffirms our
commitment to making PAMC a great hospital.”
Written by William O. Cleverley, Ph.D., a noted expert in
healthcare finance, the State of the Hospital Industry
reports selected measures of hospital financial
performance and discusses the critical factors that lie
behind them. The publication focuses on the US
acute-care hospital industry over a three-year time period
(2003-2005).
For the fourth year, the 2007 State of the
Hospital Industry reports an exclusive measure: the
Community Value IndexTM (CVI).
The CVI is a proprietary index created to offer a measure of
the value that a hospital provides to its community.
The book outlines the data used to calculate the CVI as well
as provides a list of the Top 100 and all Five-Star (top
quintile) hospitals.
“The topic of healthcare value is increasingly being
discussed. Recent highlights on hospital performance
and pricing have driven the dialogue; however, interested
parties have been looking for objective information
regarding the issues”, adds James Cleverley, co-author. “In
response, the Community Value IndexTM was created
to provide an assessment of a hospital’s performance in
three areas: financial strength and reinvestment, cost of
care, and pricing.
Fundamentally, the CVI suggests that hospitals, like PAMC,
that are low cost, low charge, and use financial resources
efficiently for reinvestment back into the provision of
healthcare are operating with a high degree of community
value.”
ABOUT PACIFIC ALLIANCE MEDICAL CENTER
For almost 150 years, Pacific Alliance Medical Center has
“pursued a vision of excellence to be the best” in Los
Angeles. It is this vision that has inspired the hospital to
assemble a first-class team of physicians, nurses, and
technicians and to develop services and programs that are
specially attuned to the needs of the community. The142-bed
general acute hospital offers a wide range of services and
medical specialties, including:
·
General Medical and Surgical
·
Intensive Care Service
·
24-hour Urgent Care
·
Maternity and Gynecology
·
Pulmonology
·
In-patient Rehabilitation
·
Cardiology
·
24-hour transportation is provided for Urgent Care patients
In
addition, PAMC is home to two signature centers:
·
California Spine and Joint Care
·
The Center for Wound Healing
ABOUT CLEVERLEY + ASSOCIATES
Cleverley + Associates is a Columbus, Ohio-based healthcare
data and consulting services firm specializing in custom
data analyses and reporting for healthcare providers,
consultants, and vendors. The company’s primary focus
is to provide healthcare providers with solutions and
recommendations that will enhance their financial
performance through better pricing decisions; improved
coding, capital restructuring, cost and productivity
enhancements; and/or investment management changes.
For more information, please contact Pacific Alliance
Medical Center at (213) 437-4209. |