National Rural Health Association Recognizes Hospital’s Financial Stability
ThedaCare Medical Center-New London was honored for the second year in a row as a Top 20 Best Practices in Financial Stability by the National Rural Health Association.
“It is a true honor to hear that ThedaCare Medical Center-New London has again been recognized by the National Rural Health Association as one of the top 20 critical access hospitals in the country in the area of financial stability,” said Bill Schmidt, president of the hospital. “The real recognition, however, should go to our amazing staff and leadership team who work every day to make sure our patients have the best experience possible as we care for them.”
The ranking is based on the data compiled by iVantage Health Analytics in its Hospital Index, specifically the Financial Stability Index, which is based on four financial indicators: leverage, liquidity, capital efficiency and resource availability. The NRHA considers the two hospitals to be exemplars of best practices in all rural health care.
The determining factors for the Top 20 critical access hospitals were based on competitive strength, competitive intensity, market size and growth, quality, outcomes, patient perspective cost and charge and financial stability.
The NRHA will recognize facilities designated as best practices at an awards breakfast in October in Kansas City, MO.
The NRHA is a nonprofit organization working to improve the health and well-being of rural Americans and providing leadership on rural health issues through advocacy, communications, education and research. iVantage Halthy Analytics, Inc. is a privately held healthcare business intelligence and technology company.
ThedaCare™ is a community health system consisting of seven hospitals: Appleton Medical Center, Theda Clark Medical Center, ThedaCare Medical Center-New London, Shawano Medical Center, Riverside Medical Center in Waupaca, Berlin Memorial Hospital and Wild Rose Community Memorial Hospital. ThedaCare also includes ThedaCare Physicians, ThedaCare Behavioral Health, and ThedaCare At Home. ThedaCare is one of the largest employers in Northeast Wisconsin with more than 6,175 employees. Follow us on Facebook and Twitter.
