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United Hospital Center Recognized for Financial Performance

UHC Recognized Again on List of Top 100

July 2006 - United Hospital Center has been recognized for the third consecutive year as a Top 100 hospital on Cleverley & Associates' - Community Value Index as published in State of the Hospital Industry - 2006 Edition.

The Community Value Index (CVI) was created to provide a unique measure of the value that a hospital provides to its community. The index is composed of nine measures that assess a hospital's performance in three areas: financial performance and plant reinvestment; hospital cost structure; and hospital charge structure.

Fundamentally, the CVI suggests that a hospital provides value to the community when it is financially viable, is appropriately reinvesting back into the facility, maintains a low cost structure, and has reasonable charges.

Cleverley & Associates is an Ohio-based healthcare financial strategy firm that reports on the financial condition of the U.S. acute care hospital industry. Their report is based on a survey of Medicare data on 3,308 hospitals nationwide.

“We are very honored to have received this designation,” said Bruce Carter, president of UHC. “Our staff works very hard to achieve quality cost-effective health care that will be available to residents now and in the future.”

About William O. Cleverley, Ph.D., president, Cleverley & Associates

Dr. Cleverley has been the President of Cleverley & Associates since its formation in January 2000. Prior to forming the company, Dr. Cleverley, in conjunction with Dr. Roger Harvey, established the Center for Healthcare Industry Performance Studies (CHIPS) in 1992, which was acquired by United Healthcare in March 1998. In addition to his professional responsibilities, Dr. Cleverley is also Professor Emeritus at The Ohio State University where he has taught courses in healthcare finance since 1973.

Dr. Cleverley is the author of 43 books dealing with the application and use of financial management principles and data in healthcare organizations. In addition, he has authored over 150 articles on healthcare financial issues in a wide variety of both academic and professional journals.

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