Hospital-Based Service Line Optimization

  Advancing Operational Success with Hospital-Based Service Line Optimization

 

With increasing pressures on reimbursement, a shift in focus by payors to inpatient costs and outcomes, and consolidation in the physician market, health systems and hospitals face numerous demands in operating efficient and high-quality service lines. For many facilities, contracts for service line coverage represent the single largest expense with outside physician vendors. Accordingly, what was previously a cost of doing business has become one of the primary means of ensuring a hospital’s financial and operational success.

On an annual basis, HealthCare Appraisers values hundreds of financial support arrangements between hospitals and physician practices for coverage of key service lines and departments including: anesthesiology, emergency medicine, intensive care units, hospitalist medicine, radiology, and trauma centers. Through this experience, HAI has developed a wealth of internal resources designed to evaluate the costs, operational efficiency, and quality of hospital-based service lines.

HealthCare Appraisers’ expertise extends to all areas of service line optimization, including, :

1. Hospital Service Line Evaluation:

a. Benchmarking of production metrics
b. Staffing level and mix optimization using propriety models tailored to the applicable specialty
c. Revenue estimation using proprietary tools tailored to the reimbursement environment by specialty and marketplace
d. Compensation structure and fair market valuation
e. Employment vs. independent contracting cost-benefit
f. Quality metric selection and compensation

2. Physician Practice Advisory: Similar to those analyses listed above, but for physician practices, and including additional insight into internal compensation plan design and avoiding pitfalls in agreement terms

3. Request for Proposal Evaluation: HealthCare Appraisers can provide guidance to healthcare facilities and physician practices in navigating the request for proposal process. From evaluating potential vendors to assisting groups in creating meaningful responses, our peerless industry knowledge can contribute to the successful development of hospital-based service lines.

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  Read Our Latest Hospital-Based Service Line Optimization FMVantage Point™

Your Hospital-Based Service Line Optimization Expertise is here.

Our experts are available to speak with you at your convenience. With an exclusive focus on healthcare valuation and advisory, we offer highly specialized and targeted insight into each engagement, and we utilize the latest valuation guidance and industry trends in performing our work.

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Upcoming Events

Jan 30-Feb 1 | AHLA Physicians and Hospitals Law Institute

Renaissance Orlando at Sea World, Orlando, FL HealthCare Appraisers is a proud Gold Sponsor. ABOUT THE INSTITUTE In-house and outside counsel, compliance officers, privacy officers, reimbursement specialists, accountants, consultants, and others who advise physicians...

Feb 2-4 | Hall Render Practical Health Retreat 2023

February 2-4, 2023 | Sarasota, FL HealthCare Appraisers will be attending the Hall Render Practical Health Retreat 2023. Programming will be tailored specifically for health care executive leaders and leadership teams. Sessions will be led by national health care...

Feb 26-28 | ELFA Equipment Management Conference & Exhibition

February 26-28, 2023 | Orlando, FL HealthCare Appraisers will be exhibiting at booth #2 at the Equipment Leasing and Finance Association's Equipment Management Conference & Exhibition. Serving Equipment Management Professionals for Over a Quarter of a Century...

Mar 1-3 | 2023 NIC Spring Conference

March 1-3, 2023 | San Diego, CA HealthCare Appraisers will be attending the 2023 National Investment Center (NIC) for Senior Housing & Care 2023 Spring Conference. The National Investment Center for Seniors Housing & Care (NIC) is a nonprofit 501(c)(3)...

Mar 4-6 | ATA2023 Annual Conference & Expo

March 4-6, 2023 | San Antonio, TX HealthCare Appraisers will be exhibiting at booth #1306. Join like-minded and motivated stakeholders and decision-makers at ATA2023 to talk telehealth. This is not a healthcare conference dabbling in virtual care. ATA2023 is the...