Strategic Planning

Direction is required for organizational success. Determining the best direction--and building the consensus required to stay on course--can be a challenging process.

We work with our clients to complete a comprehensive assessment of market opportunities, to develop creative strategies that address market challenges, and to build the consensus required to agree to a strategic direction, remain on course, and execute the plan.

Provenance Health Partners strategic planning services include:

• Market assessments
• Operational assessments
• Service line planning and development
• Managed care strategy
• Linkage strategy
• Financial assessments and forecasts
• Program planning

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Financial Planning, Management, & Support

Financial managers of health care institutions confront strategic and operational issues that can change daily. Provenance Health Partners provides financial managers with the support they need to conduct their jobs more effectively.

Beyond assisting in financial management, we provide financial services that support organizational growth. We examine the potential for new programs and capital investment requirements, the financial condition of existing operations, and provide financial analyses of competitive opportunities.

Provenance Health Partners financial management services include:

• Financial management support
• Managed care contracting services
• Strategic financial planning
• Multi-year financial projections
• Third-party payer reimbursement support
• Merger and acquisition analysis
• Financial assessments

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Inter-Organizational Linkages / Integrated Health System Development

Inter-organizational linkages are a key strategic option that providers can pursue to address payment reductions and purchaser demands for demonstrated clinical performance and value. Yet the range of partnership opportunities and organizational structures, and issues of system design and implementation--not to mention the task of building consensus and developing a shared mission and vision within and across organizations--creates challenges both in planning and implementation.

Provenance Health Partners helps clients address these challenges. We evaluate linkage opportunities, assess potential partners, and formulate comprehensive integration plans. We move beyond the planning phase, working with the clients and with legal counsel through system integration and implementation.

Provenance Health Partners organizational linkage and IDS development services include:

• Organizational and market analysis to identify and evaluate potential partners
• Identifying joint programs and designing system structure
• Marketing and strategic plans for the system
• Facilitating partnership discussions
• Facilitating the development of joint vision and mission statements
• Merger and financial risk-sharing agreements
• Design of clinical integration programs and implementation support

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Transition Management

Many hospitals and health systems are confronting difficult financial times that necessitate operational transition and sharp strategic shifts. Some hospitals have taken drastic steps to achieve an operational turn-around.

At Provenance Health Partners, we believe that working with current management--getting involved as soon as it appears that transition services may be necessary--is the best approach to maintaining good community and staff relations and to achieving an effective, and less costly, turn-around. We bring together all our strategic and operational services to design and manage a successful organizational transition.

Provenance Health Partners transition management services include:

• Diagnostic evaluation of operations and assessment of turnaround services needed
• Review of long range business plans, strategic partnerships, and revenue generating programs
• Operations improvement initiatives
• Implementation plans
• Advisory services, working closely with the Executive Team and the Board throughout implementation to manage operational transition

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Operational Improvement and Performance Analysis

Even the most efficient healthcare organizations must examine their internal operations closely as they seek to sustain quality services while improving productivity and reducing costs. Even slight improvements can enhance an organization's competitive position or its ability to meet community needs.

Provenance Health Partners works with management to assess overall performance and to identify areas for improvement. We study departmental functions, analyze relationships among and within departments, and measure productivity and costs in all parts of the organization to help our clients craft detailed strategies to achieve better performance and efficiency.

Our focus is on changes that yield the greatest results.

Provenance Health Partners operational improvement and performance analysis services include:

• Department process reviews
• Information systems planning
• Productivity analysis
• Department cost reviews
• Restructuring recommendations

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