Welcome to Stroudwater's inaugural issue of Findings From the Field, a regular rundown on healthcare leaders' most pressing challenges.
Accelerated Operations Improvement Reduces Expenses, Increases Revenues. Hospitals contact us to help with dire financial situations. In one case, the hospital lost $6M the previous year. When asked what their days cash on hand was, the board chair, CEO and CFO laughed because they were literally out of cash. Read more from Janet Porter here.
MACRA Provides Goodwill Opportunity for Hospitals & Independents. With some tenets of the Medicare Access & CHIP Reauthorization Act set to be enforced in January 2017, there's opportunity for hospitals and independent physicians to generate some mutual goodwill. By forging a partnership – not an acquisition – each side stands to gain a great deal. Read Carol Alexander's blog here.
Process Improvement Unlocks $10M and Gives Clients Tools to Continue Progress.One of Stroudwater's recent performance improvement projects in the Northeast unlocked about $10 million in revenue through business process and policy improvements, and they’ll realize even more incremental savings next year. Read Troy Trejo's blog here.
Implications of (Full or Partial) ACA Repeal. The election of Donald Trump injected a new uncertainty into an already turbulent period for the healthcare industry. While implications of the election will play out over the next legislative session, it is worth contemplating how potential tectonic shifts in federal policy will impact healthcare providers. Download full white paper now paper.
