To use our decades of experience and expertise to optimize the healthcare industry’s current volume-based business model while at the same time taking the required steps to achieve a more effective, value-based approach.
Fee-for-service reimbursement is not dead. Although value-based care payments are increasing, health systems and hospitals continue to be largely paid on a fee-for-service basis. The challenge for providers is to successfully navigate today’s volume-driven model while transitioning to value-based care. The critical decisions involving the commitment to this journey and timing of it are fraught with numerous challenges – primarily focused on how best to bridge the financial gap while moving from volume to value.
We advise our clients to focus on a strategy that will drive success regardless of payment model. The core of this approach is a focus on becoming the market-leading provider of value, one that delivers high quality care at a low cost. To become this leader of value, a healthcare system must optimize its operating fundamentals, primarily: revenue cycle, managed care contracting, physician recruitment, patient acquisition and engagement, IT, population health and performance management. Without optimizing these core functions, a successful transition to value is at risk.
To drive risk out of the transition-to-value journey, we place great emphasis on helping our clients to improve financial and operating results in the short term while laying the groundwork for the core value-based business model changes to come. During each step of the journey our team of senior level c-suite advisors will be “on call” to assist your c-suite leadership team as well as your enterprise project leaders to help move your healthcare organization forward.