Architectural DesigningInvestment Consulting
We will develop, design & test your hospital Investment Strategy by building a proof of concept application for your idea. Is your business ready for rollout?
We provide comprehensive strategic and hospital business planning services to a variety of clients including, public health systems, medical colleges, ambulatory and post-acute care providers, and various health programs.
Challenge
The move to accountable care continues, and this is undoubtedly a challenging time for many as we transition to an era of better value and transparency. With descending pressure on reimbursement, new competitors popping up in your market, technology expansions, and insurance practices approaching ahead, the rush for market share has begun.
- As you respond to the ever changing environment
such as whether to remain independent, your response to insurance consumers, physician relationships, and what niche you need to cater the population – among many other challenges. Tough work and hard decisions lie ahead, but our multidisciplinary team of experts can help guide you during this dynamic time, ensuring you thrive in a value-based world.
- prepare for your success with range of business planning
As you traverse towards value-based care, determining the right path among the countless of reform initiatives can be overwhelming. Revisiting and redefining your strategic goals can give you clarity on the tough decisions you need to make to be in the competition. Your vision, goals, and strategy should drive your decision-making when it comes to your business strategy, insurance coverage, clinical integration, and internal branding.
- As the industry continues to evolve
Our thought leaders and healthcare advisors have hands-on experience helping hundreds of hospitals, systems, medical groups, and other clients across the country not only prepare but implement strategic and business plans based on their unique culture, circumstances, and ambitions.
Solution
We also assist in the evaluation of strategic options and scenario planning, taking into account various trends and their implications, market share, financial condition, utilization, competitive positioning, and market outreach.
Our approach is comprehensive and thorough, providing you with specific implementable strategies to help you achieve success.
Results
In this new environment, improving service line performance and making the right choices in terms of service line portfolio management is critical. You need to prioritize and select the right strategies for the right services, all while delivering care as efficiently and effectively as possible.
Our experts can help develop strategic and hospital business plans, feasibility studies, business development plans, co-management arrangements, and improve performance for all major service lines. Our proven, financially driven, market-based strategic planning process engages stakeholders and creates actionable strategies that enable your key service lines to thrive. We can help:
The effort:
- Analyze your service line portfolio to identify priorities and resource allocation between service lines
- Design effective physician integration and alignment strategies and models, including co-management, bundled payment, and joint ventures
- Improve efficiency with Lean, Six Sigma, NABH guidelines and other methodologies
- Complete financial analysis (e.g., valuation and fair market compensation studies)
- Evaluate service line utilization, resource needs projections, and facility planning
- Enhance system-wide service line structure, including consolidation opportunities and management structure
- Assess department operations and staffing
- Assess IT needs and planning
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