Turnarounds
Changes in reimbursement and the delivery of care as well as unique local circumstances have unfortunately resulted in significant financial problems for some healthcare providers. The Camden Group's approach for turning around troubled hospitals varies depending on when we are engaged by a client. If we are engaged in the early stages of financial decline, our turnaround experts 1) complete an assessment based on Camden's Profit Improvement formula, 2) identify underperforming or obsolete services, and 3) assist management in implementing changes to improve the financial performance of the hospital.
This is achieved by assembling a team of experienced executives to analyze each department within the hospital. Typically, the CEO, COO, CFO, and CNO positions are staffed by our professionals. In other situations, focused departmental interim management is provided for key positions such as:
This is achieved by assembling a team of experienced executives to analyze each department within the hospital. Typically, the CEO, COO, CFO, and CNO positions are staffed by our professionals. In other situations, focused departmental interim management is provided for key positions such as:
- Perioperative Services
- Patient Financial Services
- Materials Management
- Emergency Room
- Cardiology Services
- Case Management
