As you manage the constant flurry of new and changing policies and ideas coming across your desk, it is important to focus on strategies that set the stage for your future success. An effective strategic plan should be clear, actionable, and take into account the changing economic, demographic, payer, clinical care, and market trends that guide your decisions.
Through a structured planning process, Health Dimensions Group’s experienced team of thought leaders will help you evaluate strategic options, taking into account various trends and their implications, unique factors influencing market share, financial condition, and competitive positioning. Our approach is comprehensive and thorough, providing you with not only specific deployable strategies, but also implementation support to help you achieve success.
Preferred Post-Acute Network Development
Forward-thinking, value-based health care entities, including accountable care organizations (ACOs), managed care organizations (MCOs), and others at-risk, are rapidly embracing post-acute care as an essential component of the continuum, especially for improving patient outcomes and reducing total cost of care. Post-acute care represents the greatest area of variability in health care spending.
Given the rapid expansion and success of value-based and risk-based payments, post-acute networks are critical to the financial and operational success of value-based health care organizations. A network of high-quality, post-acute services that has a strong cost profile is an important cornerstone for future success in an era of value-based payment arrangements.
Our team will help you understand the specific need for post-acute care in the market your organization serves and provide an assessment of the strategic implications of these findings for the organization as a whole. Next, we will help you develop a network of preferred post-acute providers with appropriate infrastructure for collaboration between providers.
Strategic Partnership & Value Proposition Development
Strategic partnerships are not a new concept; indeed, in today’s health care environment, partnerships are key to success. Creating a partnership to provide high-quality, integrated care in settings across the entire post-acute continuum requires a deep understanding of patient needs, as well as effective care transitions and discharge to the most appropriate, cost-effective, post-acute setting.
Our experienced consultants provide essential guidance for creating partnerships that results in improved strategic, financial, and operational outcomes.
Programs of All-inclusive Care for the Elderly (PACE) Consulting
Are you considering starting a PACE program or enhancing an established program? As a National PACE Association Technical Assistance Center (TAC), Health Dimensions Group offers a full range of consulting services to prospective and operating PACE programs.
Our PACE experts support your new program with market and financial feasibility studies, business plan development, state and CMS provider application assistance, as well as start-up and implementation assistance. Support for established PACE programs includes strategic planning and positioning, market penetration studies, program expansion feasibility and application assistance, operational assessments and performance reviews, and financial assessments with benchmarking.
Market Demand & Feasibility Studies
Organizations often struggle to understand their present operating markets — or markets they are entering — and their true growth potential. They may also lack awareness as to how their finances and utilization benchmark against other organizations nationally. This leads to uninformed decision-making when establishing budgets or simply using historical data to inform decision-making, which may or may not be appropriate.
Knowing your market is a crucial first step to develop products and services that maximize revenue, best position your organization, and ultimately improve your bottom line. Our market research team will complete a market demand assessment that provides your organization with quantitative and qualitative data to make sound business decisions.
Using both publicly available and procured data we can begin by defining market areas and completing thorough demographic analyses. We will evaluate your market environment to identify trends and payment reform activity that may impact demand moving forward. Our team will also analyze acute care discharge location data, review acute lengths of stay, and analyze referrals. A competitive assessment of market area providers may include traditional cost report data and mystery shopping.
The challenges of introducing a new service, opening a new campus, or restructuring existing operations cannot be overstated. Planning includes a myriad of consideration, from market research to provisions for patient and resident care, staffing, and more. Clients benefit from our proven business planning processes, which are designed to ensure effective operations, satisfied consumers, and positive financial results.