Unlocking Value from Healthcare Real Estate, Part 2

In the second part of our look at health system real estate we’ll look at some additional trends health systems are facing.  Moody’s Investor Services maintains a stable outlook on the nonprofit and public healthcare sector based on expected cash flow growth and patient volume moderation.  Unlocking cash from real estate is an attractive vehicle

By |February 6th, 2017|blog, Soriant Source|

Understanding Costs is Key to Value-Based Healthcare Reimbursement

While it’s virtually impossible to predict the timeline for the transition of healthcare reimbursement from fee-for-service to value based, there is absolute certainty that the impending shift will place significant downward pressure on a provider’s financial performance. Attempts to grow lingering FFS volumes and profits cannot keep pace with the reimbursement shift to value-based reimbursements.

Unlocking Value from Healthcare Real Estate, Part 1

Health systems are facing more pressure than ever on sources of hospital revenue. Hospital cash flow, though strong the last couple of years, is expected to moderate to historical lower levels of three to four percent growth.  Health systems will need to identify alternative sources of cash to make investments to transition from fee-for-service to

By |January 11th, 2017|blog, Soriant Source|

Value Based Health Care – Ready or Not

No one working in healthcare can deny the shift that’s occurring from volume-based to value-based patient care and reimbursement.  The pace varies depending on your market demographics, but the change itself is undeniable. The shift toward value-based healthcare impacts every payor category – federal and state based programs as well as commercial payers are placing

Dealing with Data in Today’s Healthcare Setting

The medical industry has always collected a huge amount of data.  This has evolved from paper laden processes into today’s massive electronic data stores.  The information is often corralled into different repositories controlled by individual doctors’ surgeries, hospitals, clinics and administrative departments. Hospitals are being driven to invest in analytics for many reasons, but two

By |November 29th, 2016|blog, Soriant Source|

Improving Patient Experience – No Longer a “Nice to Do” on Your List

When Centers for Medicare and Medicaid Services introduced the Hospital Value-Based Purchasing Program in FY2013, the direct link between patient experience and hospital financial performance was proven. This program rewards – or penalizes, hospitals based on a combination of core measures, hospital-acquired conditions and the facility’s score on the Hospital Consumer Assessment of Healthcare Providers

Balancing Across Generations in the Workplace

56707677 - generation x y z millennials speedometer words 3d illustration Healthcare leadership is increasingly faced with management of generational differences within their organization.  Pew Research Center (May 2015) recently released the latest statistics from the US Labor Force showing how Millennials or Generation Y has surpassed Generation X as the largest generation

Driving Culture Change in Healthcare Organizations – Or Is It Driving You?

No one understands the continuous turmoil of healthcare services better than those who work within the industry. Reimbursement declines, ever-increasing focus on quality, and a steady march toward population health/active consumer participation in health management, healthcare leaders are recognizing the need for culture changes within their organizations. How Does Culture Change Start? Culture change begins

By |November 11th, 2016|blog, Soriant Source|

Hospital Outsourcing vs. In-House: How to Move Forward?

Reimbursement compression continues driving healthcare organizations to seek ever-increasing cost reductions and operational efficiencies, specifically around activities or services that are not core to the organizational mission of patient care. Hospitals are primarily geared for acute care operations and the complexity involved with direct patient care. Outsourcing can be a great partnership for long term