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KRMC Recognized Nationally for Value it Provides Community

Kingman Regional Medical Center was recently recognized as one of the top 100 hospitals in the U.S. for the value it provides to its community. KRMC has achieved this ranking three out of the last four years and was the only hospital in Arizona on this year’s list. Cleverley + Associates, a leading healthcare financial consulting firm specializing in operational benchmarking and performance enhancement strategies, released the findings as part of its new publication: State of the Hospital Industry — 2007 Edition. All 4,425 acute care hospitals nationwide were evaluated for this study.

For the fourth year, the 2007 State of the Hospital Industry reports an exclusive measure developed by Cleverley + Associates: 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. Fundamentally, the CVI suggests that hospitals 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.”

“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”, remarks study co-author, James Cleverley. “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.

“Our goal as a not-for-profit health system is to be a community resource for Mohave County residents to obtain the health care they need, from the highest level of care to the most basic,” said Brian Turney, president and CEO of KRMC. “This award lets us know that we are succeeding in adding value to our community.”

Kingman Regional Medical Center provides a full range of health and wellness services, including a beautiful wellness and fitness center, a primary care physician practice (Cerbat Medical Center), advanced medical programs in cardiology, cancer, and rehabilitation, and home health and hospice care. KRMC has 213 licensed beds and is Joint Commission accredited. The hospital employs over 1,200 employees, 150 volunteers, and 100 physicians/ allied health professionals who embrace our hospital’s non-profit mission of “Serving Our Community with Compassion and Commitment.” We are also honored to serve as a teaching hospital in affiliation with Midwestern University to train doctors specializing in family practice, dermatology and emergency medicine.