As the velocity of change in healthcare increases operating margins are being squeezed. Nimble, flexible organizations thrive as laggards struggle to compete using old methods which have become inadequate, too slow or ineffective. Innovation and speed matter more than ever and HPA can help wth both.
The Healthcare Performance Alliance is a team of specialists with the shared goal of achieving breakthroughs in financial performance for healthcare organizations. We have assembled exceptional talent with diverse ideas across finance, engineering, and applied mathematics. We take responsibility for the results our clients want to achieve, delivering meaningful cost reduction and revenue improvement to healthcare organizations nationwide.
Unlike many of the larger consulting firms who dispense familiar advice and charge high retainer fees, we have a singular emphasis on delivering tangible, measured (not just measurable) financial results. Through rigorous analysis and roll-up-the-sleeves follow through, most projects are structured to enable the client to pay only for the results achieved and measured, avoiding the inherent financial risks of fixed fee consulting.
This is the way consulting is supposed to be done.
HPA’s Revenue Analytics group has combined decades of experience in hospital reimbursement with deep knowledge in applied mathematics to build a unique and powerful analytics engine. Data-driven improvements in pricing and charge capture can make a meaningful impact on net patient revenue.
The Surgical First Assistant program offsets the cost of surgical first assistants while improving surgeon satisfaction and operating room efficiency, benefiting the hospital, the surgeons and patients.
Vendor spending comprises nearly 50% of the total operating expense in many organizations, representing a large opportunity for cost reduction with no impact on patient care. Our strategic sourcing team has worked with hospitals, insurers, and others in the industry to develop and implement supplier cost reduction goals since 1992.
Our Energy group uses non capital-based engineering methods to reduce energy waste and its costs 10-30% while improving air quality and equipment life.
Forward-looking leaders are taking decisive action now to drive down costs and maximize revenues in preparation for what many analysts expect to be a long period of rising financial pressure and payment reforms. Recent guidance from HFMA is to “adapt to profiting at Medicare reimbursement rates”…