Financial Improvement

Operating Margin Improvement
Improving your operating margin without impacting patient care or customer service is crucial. Now more than ever, it is essential to partner with a team that not only understands the financial aspects of healthcare providers, but also has proven operational experience. Our experienced team has directly led significant improvements in operating margin of over $350 million while improving patient care and customer service in the following areas:

• Service Line Profit and Loss
  
• Bad Debt Reduction
  
• Operating Cost Reduction
  
• Administrative Cost Reduction

Our process begins with a comprehensive financial and operational analysis of your organization. Our in-depth reviews may include best practices assessment, SWOT analysis, process walk-through/mapping, organizational structure assessment and productivity/staffing analysis. After we have an understanding of the key financial components of your organization, we perform benchmarking to determine areas for improvement. These identified areas of improvement are then subject to a customized in-depth review to quantify the operating margin improvement opportunity. In order to realize and ensure your operating margin opportunity is achieved, we work with you to develop and implement a comprehensive action plan.

• Cash Flow/Cash Days Improvement
  
• Reductions in Force
  
• Debt Covenant Management
  
• Financial and Operational Turnarounds
  
• Debt Recapitalization/Consolidation
  
• Sustainable Profit Growth
  
• Coding and Billing Analysis
  
• Charge Description Master Analysis

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