Overview
In today’s healthcare environment, setting organizational direction must balance the aspirations of the future with the realties and needs of the present. HSG’s process for Health System Strategy focuses on long-term financial viability through a focus on profitable growth, creating payer leverage, and provider growth and alignment.
How We Work
- Understand the capability of the health systems employed provider network to support financial sustainability and strategic direction
- Leadership and Governance
- Operational and Financial Performance
- Productivity and Access
- Provider Compensation
- APP Utilization
- Engage stakeholders to gather insights and opinions and effectively integrate that data into the planning process – strengthening the plan and creating buy-in.
- Facilitate effective meetings with Leadership Committees to present findings, foster discussion, and shape the final Strategic Plan.
- Develop a comprehensive set of Goals and Objectives, with corresponding Action Plans to guide stakeholder behavior.
- Deploy HSGs Market and Employed Provider Network analytics within HSG Dashboard to measure ongoing performance and periodically reassess and reprioritize strategic activity
Additional Analysis and Consulting
Medical Staff Development
Physician and Advanced Practitioner Recruitment Planning must be inexorably linked to the health system’s overall strategy, market growth strategies, and service line strategies. HSG works with health systems to link strategies to relevant market data to create the right workforce development plan.
Provider Needs Analysis
Assessments of provider need support health system recruitment decision making by tailoring data about the providers serving a market and the health systems competing in it.
Market and Service Line Growth Strategy
Profitable top-line growth comes from identifying and seizing opportunities within the market. HSG works with health systems to comprehensively identify and implement strategies at the market and service line level to achieve success.
Primary Care Strategy
Primary Care is the “evergreen” strategy – one that prospers in a Fee-for-Service or Fee-for-Value market, and one that ensures continued operational and financial sustainability through the attraction and retention of patient lives.
Related Resources
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Developing Differentiated Service Lines: Checklist
Service line level strategic planning in healthcare organizations should be standardized. Review HSG’s checklist on service line strategy.
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Cardiovascular Service Line Plan Leads to 20% Increase in Contribution Margin
This cardiology service line plan resulted in a 20% contribution margin improvement. Review examples of strategic planning in healthcare.
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Primary Care Growth Leads to 75% Increase in Hospital Net Revenue
Thoughtful strategic planning in healthcare can produce great results. This organization experienced a 75% growth in net revenue, increase of $161 million, over 5 years.