Focus Healthcare Experience: Academic Specialty Hospital


 NATURE OF ASSIGNMENT:
Primary: Company Services / Financial & Operational Restructuring

Primary Industry: Healthcare

Company: An academic specialty hospital.

Situation: A nationally-recognized, specialty hospital had been losing money annually for more than five years. In the most recent year, the loss exceeded $15MM.

Focus Scope: A Focus Professional was engaged to determine the causes of the loss and to make financial and operational improvements.

Tasks Performed: Upon analysis, losses were determined to be primarily a problem of inadequate volume and poor revenue cycle management. Working alongside the client, the Focus Professional improved efficiency in the scheduling system and increased physician productivity.

Results: As a result, outpatient volumes were increased by a compounded annual growth of 10.6% and surgical volume, a key driver of improved financial performance, was increased by a compounded annual growth of 12.1%. The organization achieved operational breakeven.

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