Granville Health System Named a Community Value Index® Five-Star Hospital for 7th Year Running
OXFORD, NC (October 20, 2016) – For the seventh consecutive year, Granville Health System (GHS) has been named to the Community Value Index® Five-Star hospitals list. The Community Value Index (CVI) ranking measures the financial value hospitals bring to their communities and places Granville Health System within the top 20% of hospitals in the United States in providing financial value to the communities they serve.
CVI contains four core areas of evaluation: financial viability and plant reinvestment, cost structure, charge structure and quality performance. Measurement in these areas suggests that hospitals operating with a high degree of community value are those that have low costs, high quality and use financial resources efficiently for reinvesting back into the provision of health care at the facility. The combined performance in each area is the Community Value Index score.
Reinvesting back into the community has been an important focus of the Health System over the last six years. “Through the leadership of our Board of Trustees, Granville Health System continues to maintain its position as a sustainable, valuable asset to our area,” said L. Lee Isley, GHS Chief Executive Officer. “The Board’s ongoing commitment to reinvest back into our community ensures GHS will continue to deliver the highest quality care and customer service to our residents, where they work and live.”
The resources reinvested by GHS are driven by the needs of the community it serves. The GHS Transitional Care Program is a prime example of how the health system is responding to the area’s growing need for services designed to assist patients as they transition after a hospital stay. Patients in need of additional care often transition to a skilled nursing facility or rehab center. Transitional Care Specialists help patients make decisions about continuing their care after a hospital visit.
Some patients returning home after a hospital stay may also need help with the transition. For example, patients who are diagnosed with severe cardiovascular issues and discharged home receive a home follow-up visit from a GHS Transitional Care Specialist who reviews their discharge instructions, completes a medications review, and checks their vital signs.
In 2015 the Transitional Care team performed 30 home visits for patients with high-risk diagnoses. This year, the number of home visits performed for the same diagnoses has more than doubled at 62. The numbers underscore the need for transitional care services in this area, but there is additional value beyond the data as the services are performed at no cost to the patient.
“The services our Transitional Care team provides are designed to assist patients in making the decisions that will keep them healthy and help keep them out of the hospital,” said Isley. “These services are creating healthier patients and a healthier community.”
According to the CVI study, Five-Star hospitals are financially viable and provide quality care and economical cost structure. Hospitals must also reinvest back into the community to provide for current and emerging health needs in the community. Appropriately combining these concepts enhances a hospital's value to the community. Granville’s investment in the Transitional Care program supports that position.
Balvinder Kumar, M.D., has worked as a Hospitalist at Granville Medical Center for more than 9 years. He has seen first-hand the increasing level of support for patients as they engage the transitional care program after an inpatient stay. “In my experience, the care provided by this program absolutely leads to a decrease in readmissions” says Kumar. “Offering this program at no charge to our patients is, in my opinion, the very definition of value.”
In addition to financial viability and quality, Five-Star hospitals must also keep costs low to allow for lower costs for area residents and third-party payers. They must also strive for pricing that is reasonable and competitive with peer facilities. GHS fits that bill as well.
Simply stated, Granville Health System provides exceptionally high quality care at the most affordable price in the area. In fact, NBC news station WRAL reported that in 23 of the 24 most common procedures performed at Granville Medical Center, Granville has the best price in Central North Carolina, including the larger Triangle Area hospitals.
“We continue to practice good financial stewardship, investing in our hospital and community. Initiatives such as the Transitional Care Program support our position as an essential provider in the area,” said Isley. “This recognition is a testament to our employees’ hard work and commitment to the health of our community. Our staff’s continued focus on patient safety, quality and value drive our success on a consistent basis.”
About Granville Health System
For more than 94 years, Granville Health System has been delivering quality health care close to home. To meet the growing needs of our community, Granville Health System has expanded its services throughout Granville County, offering convenient access to medical care where you work and live. GHS received a number of national awards, including the H.0ospital of Choice Award which named Granville Health System as one of the top 100 hospitals in the country four years running. GHS has also received the Community Value Index Five-Star Hospital Award, placing GHS in the top 20% of hospitals in the country in offering financial value to the communities served, while reinvesting back into facilities in order to provide for current and emerging health needs. Recently, Granville Health System was named one of the nation’s Top Performers on Key Quality Measures by The Joint Commission, the leading accreditor of health care organizations in America. The GHS main campus is located at 1010 College Street, Oxford, North Carolina. For more information about Granville Health System visit GHS online at www.ghsHospital.org.