RICHMOND, Va., Nov. 14, 2014 /PRNewswire-USNewswire/ -- With health care costs continuing to rise, employers, health plans and government agencies may find negotiating contracts with hospitals, nursing facilities and surgical centers a difficult process. For their part, health care providers also face growing costs in providing care to consumers covered by private insurance and government programs. Both groups benefit from independent information comparing provider costs and efficiency to statewide and regional rankings.
Over the years, Virginia Health Information's (VHI) Industry Report has been recognized as a helpful resource for employers and purchasers of health care as they build networks of the most cost-effective and productive health care providers. VHI's 2014 Industry Report is now available to help with information from audited financial statements designed to assist those providing and purchasing health care.
Virginia Health Information (VHI) gathers and verifies detailed financial and operational data on all hospitals, nursing facilities and surgical centers licensed in Virginia. Included in the Industry Report is data on charity care, staffing levels, profit margins, and more than a dozen more utilization and efficiency indicators across five performance categories-charges, costs, productivity and utilization, financial viability and community support.
This year's top hospitals with the highest overall efficiency and productivity ranking include:
- Bon Secours Memorial Regional Medical Center
- Southampton Memorial Hospital
- Inova Mount Vernon Hospital
- Bath County Community Hospital
- Buchanan General Hospital
- Lewis Gale Hospital – Alleghany
Information from the 2014 Industry Report is available for each facility at no cost at http://www.vhi.org/efficiency_compare.asp. To purchase expanded data in easy to use Microsoft Excel files, please visit http://www.vhi.org/ir. While there, download regional comparisons of key indicators on nursing facilities and hospitals.
For more on healthcare cost and quality information contact Virginia Health Information at www.vhi.org or 1-877-VHI-INFO. VHI is the non-profit organization the Commonwealth of Virginia and businesses go to for consumer and business health information.
Virginia Health Information
Michael T. Lundberg, Executive Director Phone: 804-644-7026
Toll Free: 1-877-VHI-INFO
Web Site: www.vhi.org
SOURCE Virginia Health Information