Valley Medical Center Earns a National Award for Outstanding Achievement in Budgeting

Oct 12, 2011, 06:15 ET from Valley Medical Center

RENTON, Wash., Oct. 12, 2011 /PRNewswire-USNewswire/ -- Last week a panel of independent reviewers from the Government Finance Officers Association of the United States and Canada (GFOA) announced that Valley Medical Center (VMC) has received the GFOA's Distinguished Budget Presentation Award for its 2011 fiscal period budget.

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The award is the highest form of recognition in governmental budgeting and represents a significant achievement by VMC. It reflects the commitment of the Administration and staff to meet the highest principles of governmental budgeting. In order to receive the budget award, VMC had to satisfy or surpass nationally recognized guidelines for effective budget presentation. These guidelines are designed to assess how well VMC's budget serves as a policy document, a financial plan, an operations guide and a communications device.

Budget documents must be rated proficient in all four categories, and the fourteen mandatory criteria within those categories, to receive the award.

"What can I say except 'wow!'" said Rich Roodman, Valley Medical Center CEO. "Just when we thought 2011 couldn't get much better in terms of performance recognitions, it did. This prestigious award by the GFOA is testament to the hard work and diligence of our finance team.  I hope the people who live in our District feel confident that their tax dollars are being managed wisely.  Our financial and management team has had nine years of perfectly clean audits from the State Auditor's Office as well as the independent accountants, Moss Adams, and has now distinguished themselves by adding this additional national recognition."

The GFOA is a nonprofit professional association serving nearly 17,400 government finance professionals throughout North America. The Distinguished Budget Presentation Awards Program is the only national awards program in governmental budgeting.  Valley Medical Center is the only public hospital on the west coast to have received this award.

About Valley Medical Center
Valley Medical Center (VMC) is a public district hospital located in South King County. This 303-bed acute care hospital and clinic network is committed to providing safe, quality compassionate care for more than 63 years. As winner of numerous HealthGrades awards for orthopedic and spine surgery, including being ranked #1 in Washington state for joint replacement, VMC also provides outstanding care for heart and stroke patients.  Seattle Magazine has named VMC the #1 non-profit in the state for 2011, and for ten consecutive years VMC has been named a "Best Workplace" by regional publications. For the past two years Modern Healthcare magazine has named VMC a Top 10 Best Place to Work in Healthcare in the nation.

VMC provides primary, specialty and urgent care access through an extensive network of neighborhood clinics. VMC's specialty programs include a Level III Neonatal ICU, Level III Trauma Center, joint replacement and orthopedics--as well as numerous other specialties including cardiology, critical care, cancer treatment, sleep medicine and wound care.  Valley Medical Center is a component entity of UW Medicine, which includes Harborview Medical Center, Northwest Hospital & Medical Center, UW Medical Center, UW Neighborhood Clinics, UW Physicians, UW School of Medicine and Airlift Northwest. 

For more information please visit valleymed.org

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SOURCE Valley Medical Center



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