The United Health Fund recently reported that 13 of 35 non-profit, acute care hospitals in New York City are in such financial distress that their long-term viability is in doubt — a warning for all healthcare institutions struggling to survive.
But the conventional cost-cutting and layoff prescriptions Clinica Iztacalco for healthcare providers in trouble aren’t enough to solve this growing issue. Hospitals can’t continue to slash their way to survival without forfeiting quality and patient services. Traditional price reduction frequently contributes to additional market share erosion and earnings loss. As the health care system goes into an environment focusing more on patient/customer gratification, the traditional management responses could result in even greater losses for the hospital. Patients might stop coming due to non or reduced services, the simple fact that their physicians have gone everywhere, or the perception that the hospitals reputation is declining. Doctors may leave because of decreasing service quality, experiences with insufficient clinical and support team, and frustration using obsolete facilities and equipment.
Maverick Healthcare Consulting has discovered that fiscal issues can often be more effectively solved with expansion strategies that expand and improve existing revenue streams, create new sources of revenue and improve market share. These strategies include investments in improved quality to increase patient and physician satisfaction; investments in equipment and staffing which will speed the individual experience, enhance convenience and increase patient volume and throughput; and investments in new solutions which enhance a hospitals profile and also make it much more competitive for market share.
Maverick Healthcare Consulting has the chance to assist a number of Greater New York hospitals in designing and implementing creative strategies towards growing from the financial doldrums. Following are a few examples of these types of improvements. In addition to enhancing quality and support, such actions were instrumental in avoiding layoffs and other sacrifices for the communities that they serve, and in generating new job opportunities as projected revenue streams and services have been successfully achieved.