What COVID-19 volume should hospitals expect over the next 6 to 12 months? In the last two months, some hospitals experienced exponential COVID-19 census growth, while others stared at empty hallways as stay-at-home orders flattened the growth before it took off. Doubling of cases occurred as quickly as every 3-5 days before states exercised any […]
Across the nation, hospitals are planning for rapid resumption of elective and other non-emergent care. State regulatory approval to do so is the critical initial hurdle/”trigger”. If you are a COO, service line administrative/medical director, or ambulatory care center leader the chart below is Veralon’s guide in preparing for and assessing your readiness to proceed […]
The COVID-19 crisis is likely to include a series of recurring cycles over an extended period —a “pulsed recovery” that will result in a new normal in which clinical care operations have fundamentally changed. While Herculean efforts are focused on the immediate challenges, the deferred needs of the chronically ill (e.g., congestive heart failure, COPD, […]
Many conversations we have with hospital and health system executives about market growth strategies eventually turns to the topic of micro-hospitals — and for good reason. These facilities typically include a small-scale emergency department (ED), low-acuity surgery, and are often comprised of eight to 10 inpatient beds as well as additional observation beds (notably, these […]
Social media’s most valuable role in strategic planning is in communication of strategic planning initiatives and priorities rather than for research during the planning process. It can be particularly useful for reaching employees and creating momentum for moving forward. Your organization can share information about mission, vision, goals, values and ongoing initiatives from your own […]
Of the 41,000 physicians in the 2013 MGMA Physician Compensation and Production Survey, 56 percent are employed by hospitals or health systems, compared with 42 percent in the 2010 survey. Conventional wisdom is that the remaining physicians will rapidly join the ranks of the employed. However, hospitals and physicians can explore many types of relationships […]
Healthcare Financial Management
August 2015
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A health system’s efforts in deploying strategic network initiatives will be effective only if its leaders understand the unique factors affecting multi-provider networks.
Arguably, the most difficult step in a strategic planning process is the identification of critical strategic issues to guide the strategy development phase. At its core, strategic planning aims to allocate scarce resources to areas that most positively impact the organization. Therefore, identifying and subsequently prioritizing the issue list is critical to the overall success […]