Bay Medical Sacred Heart named a ‘Best Value’ Hospital
Bay Medical Sacred Heart has been named a Florida Top 10 Best Value Hospital by a national healthcare company that provides value-based analysis to hospitals based on best practices.
BMSH ranked number 3 on the Florida Best Value Hospital list with a Medical Value Index (MVI) score of 559 out of a possible 800 points. Our sister hospital, Sacred Heart Hospital in Pensacola, also made the Top 10 list of hospitals with 250 beds or more.
The list is compiled by Verras Healthcare International, LLC. Verras has been providing hospital analysis for more than 25 years.
The Best Value Hospital recognition is determined using Verras’ MVI, a data tool developed by the company to identify best value practices in hospitals nationwide.
The MVI measured three years of trended outcomes using six metrics of quality and cost efficiency including:
- National Quality Measures such as NHQM and HCAHPS patient satisfaction survey.
- Readmission Rates
- Reduction in Variation
- Resource Consumption
This new rating has great implications for patients and payers. Any payer can now identify the greatest value hospitals and work directly with those providers who offer the highest value.
For more information, go to baymedical.org.