Aspen Valley Hospital Receives National Recognition as a Leading Critical Access Hospital in Financial Stability

DENVER, Oct. 7, 2015 /PRNewswire-iReach/ -- The Colorado Rural Health Center (CRHC) was present at the awards ceremony for Top Critical Access Hospitals recently announced at the National Rural Health Association's (NRHA) Critical Access Hospital Conference in Kansas City, Missouri last week. 

It was announced that Aspen Valley Hospital – a CRHC member since 2011 – was named Best Practice Critical Access Hospital in the category of financial stability.

"Critical access hospitals are a vital component of the healthcare delivery system in rural communities," says Michelle Mills, CRHC's chief executive officer.  "We work extensively with Colorado CAHs, supporting all sectors of their sustainability and growth and we are very proud that Aspen Valley Hospital was featured among the top CAHs in the country."

The top 20 critical access hospitals in the country and best practice designations are determined by iVantage Health Analytics. Sixty "best practice" designations were given to facilities that have achieved success in one of three key areas of performance; quality, patient perspective and financial stability.  Aspen Valley Hospital, recognized for financial stability, was ranked among hospitals for performance based on the percentile rank on a set of balance sheet and income statement financial ratios.  

The 20 overall winners and 60 best practice recipients have achieved success based on iVantage's tabulation using the Hospital Strength Index

"Colorado CAHs are making great strides given the uncertainty of the times and the reality that many rural hospitals throughout the country are at risk of closure," explains Mills.  "Highlighting their success and achievements – now more than ever – is crucial."

CRHC is hosting its 24th Annual Rural Health Conference next week, bringing together over two hundred rural health administrators from Colorado's CAHs and other rural facilities, healthcare professionals, vendors, and leading experts in the field.

The conference features a variety of sessions that will discuss topics crucial to the current state of rural healthcare, including a presentation about the negative pressures facing rural hospitals and opportunities to leverage data to increase hospitals' sustainability by Michael Topchik, senior vice president at iVantage Health Analytics. 

Topchik took part in the awards ceremony at last week's NRHA conference and drove home the need to assess market forces, collaborate on best practices and drive change in rural healthcare delivery and performance.  To learn more about CRHC's upcoming conference visit http://coruralhealth.org/events/annual-conference.  Registration is still open for those interested in attending the event. 

Learn more about the review criteria used to select Top 20 CAH overall winners and Top 20 CAH best practice recipients. To learn more about Aspen Valley Hospital visit http://www.aspenvalleyhospital.org/page.cfm.

About The Colorado Rural Health Center

The Colorado Rural Health Center was established in 1991 as Colorado's State Office of Rural Health. As a 501(c)(3) nonprofit corporation, CRHC serves dual roles as the State Office of Rural Health with the mission of assisting rural communities in addressing health care issues; and as the State Rural Health Association, advocating for policy change to ensure that rural Coloradans have access to comprehensive, affordable health care services of the highest quality. For more information visit coruralhealth.org, call 303-832-7493, or call toll free 800-851-6782 from rural Colorado.

Media Contact: Bridgette Olson, Colorado Rural Health Center, 303-832-7493, bo@coruralhealth.org

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SOURCE Colorado Rural Health Center



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