Healthcare, now the world’s largest industry has a value and cost three times greater than the banking sector. We work with leaders to deliver better care, increase efficiencies, manage costs, and create more value. Operation Consulting Group delivers this by improving your healthcare operations through various methods that you can learn about on this website. Our knowledge offers insights to current trends and best practices based on facts and proven models that can be customized for specific needs.
We offer help to:
- National and regional health services to improve care delivery
- Hospital chains and clinics to transform operational performance and manage costs
- Health insurance companies to improve their bottom line
- Academic medical centers to refocus strategy and operations to meet today’s challenges
- Pharmaceutical companies to improve their logistics and supply chain.
- Medical device organizations to improve quality and productivity
Optimize your Healthcare Operations
We help healthcare providers transform their clinical operations to reduce costs and improve quality, taking a fact-based approach and engaging and motivating hospital staff.
Healthcare providers are devoting more operations focus to clinical improvements in order to boost productivity and improve margins. In particular, our clients have found that there are significant operating dollars tied up in misunderstood clinical variability. We help clients understand this variability to and implement the necessary steps to optimize various departments.
Demand for services is the single most important factor affecting how operations will be optimized. Forecasting models are required for supply chain and procurement optimization.
Internet Technology is the tool that provides insights into operational decisions such as how to provide better and faster services while reducing costs. Database systems have become extremely complex and harnessing that power will be essentially for long term improvements.
Procurement can be optimized to fit the demand for services. There are some trade-offs but healthcare managers will be able to better business decisions on a case by case basis.
Scheduling your personnel through analytics will increase employee satisfaction, lower your costs, and comply with all laws and regulations
Healthcare Supply Chain Management
Healthcare supply chain management is becoming more complex with the changing life cycles and expanding portfolio of pharmaceuticals. It is increasingly important to collaborate with manufactures and to manage supply chain’s from end to end. International supply chains must be carefully evaluated to respond to markets changes and to plan accordingly. Healthcare managers have recognized trends that allow for optimized supply chains. Operation Consulting Group works with healthcare managers to understand these trends to maintain profitability.
Healthcare operations consulting services has taken principles from multiple industries to address the logistical needs of healthcare firms. Manufacturing and retail sectors have advanced models of operational excellence and healthcare consultants will bridged these principles to increase clinical profitability and efficiency.
Consultants often suggest better segmentation, increased supply chain scalability, globalized standards and improved collaboration. Healthcare supply chain implementation is difficult but well worth the investment for firms looking to lower costs and expand globally. Pharmaceutical firms can see an increase in profits from 9%-11% across the entire supply chain however medical supplies and devices can have profit increases up to 20%.
Insight: Asset Strategy and Optimization
Health care consulting
balancing performance with cost reduction
Healthcare organizations are struggling with changes in demand and are realizing that reducing costs by up to 40% while maintaining performance must be done sooner rather than later. Changing payment models have been the norm for solving economic issues in healthcare organizations. HMO’s, accountable care organizations, and fee for service have driven providers and patients alike away from profitable services. so how do boards make decisions for the future?
The financial difficulties of changing payment plans is widespread and is forcing health care organizations to seek alternative means of growth. Traditional growth options are no longer feasible but taking a page from asset optimization business strategies, health care organizations can accomplish their goals .
What most health care organizations have is a reactive process to financial distress. They patch up problems as they arise but fail to operate a financially sustainable model. Often root cause analysis reveals issues at the institutional level. Financial distress is often a symptom of an overall strategy failure and boards have yet to adopt new policies to prevent re-occurrence.
Asset Optimization will be a core competency for successful boards. This systematic approach proactively plans for the practical use of assets as it relates to demand. Often Capacity is not an issue but the utilization of assets as it relates to changes in the market allowing for better planning and quantifying of the real value of assets.
This process includes identifying an organizations most critical assets and creating an actionable plan to ensure financial success.
Operations Consulting can help organizations create full optimized asset allocation strategies.
Healthcare and Big Data
The data revolution has hit the healthcare industry and the increase in information has proved valuable to healthcare providers. The digitization of patients records allows for better research, faster delivery of care, and reduced costs. The driving force behind system wide data collection stem from financial concerns and uncertain economic and political environments. The US health system now represents 17.6% of GDP and growing. New payment methods and economic models have been created to curb such high expenditures however the fundamental economic issues faced by the health care industry still overshadow attempts to curb them. Health care consultants has pushed such data collection systems to gain better insights for today’s health care issues.