Changes in reimbursement and the delivery of care have put some healthcare providers, particularly public hospitals, and smaller community hospitals in the red. In those cases, your best solution may be to bring in outside experts who can approach your situation with objectivity and guide your hospital to recovery.
Our multidisciplinary team of strategic, financial, clinical, and operational leaders has experience turning around even the most troubled of hospitals. We complete an assessment, identify underperforming or obsolete services and assist management in implementing changes to improve the financial performance of the hospital. For those seeking financial turnarounds following bond covenant violations and defaults, we thoroughly evaluate every aspect of operational performance, management structure, financial policies, cost structure, staffing, and revenue cycle.
What makes us different? Hospital turnarounds in this dynamic environment require a special kind of leadership – innovative, forward-thinking experts who won’t just put a “band-aid” on in the short-term, but help lay down the foundation to help you succeed in this new value-based world. As industry thought leaders with practical experience in hospitals, health systems, and medical groups, we bring our best thinking to set you up for success in the short and long-term. Our clinical, operational, and financial experts evaluate the performance of hospital departments and identify opportunities to improve operational efficiency, reduce costs, and improve services and patient satisfaction to lead the turnaround effort. We can also provide interim management services to facilitate the turnaround.