Operational Assessment is The First Step Toward a Hospital Turnaround

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Hospital Turnarounds Start with an Operational Assessment

Troubled community hospitals can begin to reboot by parlaying an evaluation of operational performance into an action plan. This path leads hospitals from survival mode to a strategic mindset so they can do more than just keep the doors open. A comprehensive operational assessment and accompanying action plan help improve overall operations including critical areas such as revenue cycle, supply chain, staffing and leadership.

Tackling an operational assessment may seem daunting. While the process is complex, a good place to start is by examining outsourced contracts, as some may have...


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Overseeing Without Overstepping: The Board’s Role in Hospital Operations

To what degree should boards be involved in the finances and operations of their hospitals? This is an important question, because effective hospital boards are clear on their roles and responsibilities. That role is hospital governance while management is the responsibility of the hospital leadership team. That means board members must focus on strategy and leave operations to hospital leadership. Yet, it’s not only appropriate but also imperative that board members understand the finances and operations of their hospital.

That means board members must discern the financial situation; education about...


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Will Community Hospitals Stand the Test of Time?

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Will Your Hospital Stand the Test of Time?

Rural Hospitals Must Take Action to Right Themselves

Time is of the essence for community and rural hospitals. Since 2010, 88 of them have shut down, with more closures to come. Immediate action is required to help others avoid the same fate. Employees, patients and rural communities depend on it.

An operational assessment is often the first step to improving a hospital’s prospects. This process evaluates strategy, operations, staffing, supply chain, revenue cycle and leadership with the aim of reducing costs and increasing revenue—the tried-and-true formula for financial solvency.

Operational...


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