Healthcare Provider Financial Sustainability
Healthcare providers throughout the U.S. have been focused on improving, or maintaining, their organization’s financial performance for several years, especially during the last decade. With the coronavirus pandemic causing disarray for many underperforming and distressed hospitals and healthcare providers, the need for financial resiliency has never been greater.
At Baker Tilly, we help our clients identify, correct and improve their financial and operational pain points within their organization so they can continue on a path of financial sustainability while they focus on caring for and improving the health outcome of their patients. Our team of healthcare industry Value Architects™ helps our clients leverage very specific analytics to target and implement organizational transformation initiatives focused on building innovative staffing models, more effective supply chain management, reducing administrative costs, and improving reimbursement.
In today’s challenging environment, it is more imperative than ever for healthcare leaders to take a proactive approach to monitoring financial health.
Healthcare leaders must be able to rapidly identify and target opportunities for service line financial performance optimization, and quickly pivot to creating specific, actionable improvement efforts in order to achieve healthy operating margins.
With advanced analytics at the core of our financial sustainability solution, Baker Tilly’s framework helps our clients discover, optimize and sustain financial health opportunities, including:
Despite the growing challenges, there are a number of opportunities for healthcare leaders to improve revenue generation and reduce expenses. Taking steps now can help healthcare organizations begin the journey to improve financial performance and continuously improve upon efficiencies gained.
Our multi-disciplinary team of audit, tax, and consulting professional help our clients focus on improving revenue, reducing revenue leakage in conjunction with cutting costs to drive maximum financial outcomes. Contact Baker Tilly to learn more about how we can help your organization take your next steps towards financial sustainability.