operational assessment
Do you know where your hospital stands?
Is it holding its own or barely holding on?
An Operatlonal Assessment determines your hospital’s status objectively and paves the path to performance enhancements and financial sustainability.
The process involves reviewing and assessing several key areas to dentify opportunities to improve financial performance. These areas include:
Strategy – Financial difficulties obviously affect growth, but even hospitals in survival mode need a business plan.
Operations – According to a 2023 National Institute of Health study, a full one-third of expenditures on healthcare delivery are “waste,” defined as “any activity or resource in an organization that does not add value to the external customer.”
Staffing – Identifying gaps in physician specialty coverage can Increase hospital utilization for services targeted for growth.
Supply Chain – A robust supply chain strategy focuses on resilience without losing sight of cost-saving opportunities.
Revenue Cycle and Finance – An operational assessment looks at revenue cycle performance from end to end.
Facility Leadership – An operational assessment Includes a comprehensive review of clinical, administrative and financial TI systems and addresses any security, connectivity and interoperability issues.
Information Technology – An operational assessment includes a comprehensive review of clinical, administrative and financial TI systems and addresses any security, connectivity and interoperability Issues.
Want to learn more?
Call us at 913-322-3478 or Email Marty@thehealthcarepeople.com. Reach out today! A phone call with us is no-obligation.
