Operations and Performance Improvement
Do turbulent changes in your environment require bold action? Our consultants have real-world operating experience, and we’ll help you protect and/or improve the financial viability of your organization now and in the future.
Your challenges
- Weathering the perfect storm of economic pressures, changing consumer and creditor demands, and increasing regulations
- Declining occupancies
- Preparing for the myriad of challenges and opportunities health care reform brings
- Financial pressures on people affecting their ability to pay for health care and senior housing
- Meeting the needs of consumers who want more for less
- Heightened bank scrutiny and debt covenant violations
- Prioritizing and funding current and future strategies
Our operations and performance improvement services
- Operational assessment (labor, non-labor, departmental, and corporate structure)
- Management consultant reports for creditors, bondholders, management, trustees, and boards of directors
- Marketing review (personnel, programs, products, materials, and lead generation)
- Revenue assessment (pricing, service lines, contract requirements versus “service creep,” and revenue cycle management)
- Benchmarking analysis with access to original research and statistics
- Pharmacy and therapy productivity analysis
- Medicare certification and program implementation
- Corporate compliance plan development
- Clinical training and monitoring
- Minimum Data Set (MDS) and resource utilization group (RUG) improvement
Our approach
LarsonAllen and
ThirdAge have joined to form a stronger team of health care professionals, including CPAs, clinicians, reimbursement specialists, marketing personnel, and leaders with experience as chief financial officers (CFOs) and administrators.
Working alongside your staff to learn your unique operations, we’ll identify areas for financial performance improvement. We understand your different constituencies along with the internal and external factors, such as covenant violations, that motivate your desire for change. Our recommendations balance both the short- and long-term needs of our clients, and our reports are tailored for a variety of users.
Contact us for more information.