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VIRGINIA HEALTH INFORMATION PUBLISHES 2019 INDUSTRY REPORT
VIRGINIA'S SOURCE OF INFORMATION TO MEASURE EFFICIENCY AND PRODUCTIVITY OF HEALTHCARE
Virginia Health Information (VHI) has published its 2019 Industry Report detailing the efficiency and productivity of hospitals, ambulatory surgical centers and nursing homes licensed in Virginia. Included in the Industry Report is data on charity care, staffing levels, profit margins and more than a dozen other utilization and efficiency indicators across five performance categories: charges, costs, productivity and utilization, financial viability and community support. Published every year, the report gives consumers and purchasers access to information about the efficiency, costs and performance of facilities' services.
Interesting points from this year's Industry Report Include:
- Total amount of charity care in Virginia increased approximately 14% from 2017-2018
- 1/3 of acute hospitals in Southwestern region of Virginia are now in the Top 25% for Indicator #17 (charity care, bad debt and taxes)
- Carilion Franklin Memorial Hospital, LewisGale Hospital Montgomery and Valley Health Warren Memorial Hospital have all consistently been ranked in the Top 25% (for Indicator #17) since 2008
In addition to the recently released Industry Report, VHI also published a comparison of hospitals' 2017-2018 operating and total margins. In Virginia, 32 hospitals operated in the "red" compared to 33 in 2017. In both 2017 and 2018, 33 hospitals' total margins were in the "red." To view the operating and total margins data set, visit the Virginia Hospitals page on our website, view the "Financials" tab of a specific hospital and click the link for more information on operating and total margins.
Congratulations to this year's hospitals below as the top five overall most efficient and productive:
- Riverside Walter Reed Hospital
- Chesapeake Regional Medical Center
- Novant Health UVA Health System Haymarket Medical Center
- Sovah Health-Danville
- Johnston Memorial Hospital
Subscribe to our blog to get up-to-date information on newly released data. Regional top performing facilities will be announced in the January issue of Virginia Business. Stay healthy,