Our recent webinar, Is It Time to Partner? How to Assess Your Strategic Options When Considering Affiliation, underscored some staggering results on strategic partnerships:
- 58% of respondents indicated there is significant misalignment or lack of understanding between their hospital and county/district boards about the strategic and operating risks confronting the hospital.
- 40% of respondents had not assessed strategic options within the last 36 months and another 22% were unsure of the timeline since the strategic options were last vetted.
Our team is uniquely qualified to help boards work through disagreements and develop an informed consensus about the risk profile of the hospital and the necessary next steps to mitigate those risks. In as little as 60-75 days, we can perform a strategic and operational risk analysis which entails:
- Stakeholder interviews and data analysis
- A common fact base regarding: operating, financial, market and value (cost and quality) related data and risks
- Education regarding national, regional and state trends
- Facilitation of work sessions with representatives of the hospital board, county/district board, medical staff and management
- Information on performance gaps and emerging strategic and operating risks
- Findings and action plans to mitigate organization risk trends
Additionally, our team can perform a strategic options assessment which entails:
- Stakeholder interviews and data analysis
- A common fact base regarding: operating, financial, market and value (cost and quality) related data and risks
- Education regarding national, regional and state trends
- Facilitation of work sessions with representatives of the hospital board, county/district board, medical staff and management
- Identification of alternative strategic options, including the risk associated with each option
- Development of strategic objectives by which alternative strategic options can be evaluated
- Development of recommendations and consensus related to a preferred strategic option
Dynamic change and uncertainty are the only constants for health systems today. In less than three months, your organization can have an up-to-date strategic risk profile that ensures your organization is making strategic decisions based on the facts and risks.
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