The choice for progressive medical centers Delivering tailored solutions to modern healthcare organization complexities by integrating a unique blend of strategies with wide-ranging industry experience. Our innovative strategy is based on the premise that solutions to complicated hospital-related problems can be efficiently achieved by following logical algorithmic patterns whereby, if a problem can be properly classified, it may already have been solved. Our methodology integrates transferrable inter-industry solutions. We work to reframe healthcare problem statements in such a way that continuity between various industries can be realized. And because the solutions have been developed and perfected by other industries they are often more economical than traditional healthcare solutions. Our team of dedicated Analysts will efficiently assess your needs by utilizing our specialized, P3 Hospital Analysis tool. By understanding your needs we are enabled to implement a customized, costeffective strategy focused on improving general concerns such as patient satisfaction, staffing, financial management, and other specific reasons such as: Measurable Results: Establish service excellence reduce wait time Increase Patient Satisfaction Decrease Malpractice Suits Increase Physician Satisfaction increase billing quality Reduce errors by 50% C-Level CONCERNS governmental mandates care for the uninsured physician relations complete turnaround programs Increase productivity 25-50% Improve Revenue & Margins
P3 Revenue Cycle Services It has been proven that a holistic revenue cycle management approach will increase net operating margins of provider organizations by up to 10%. Because the revenue cycle is one of the largest sources of additional operating margins in healthcare provider organizations we have honed our unique blend of business principles to transform and accurately implement particular improvement elements resulting in measurable revenue cycle performance net of the accounting impact utilizing: organizational layouts process documentation and supplemental technologies Increase throughput 20-50% via current resources Reduce cashflow volatility Supply Chain Efficiencies reduce inventory and logistics costs P3 store programs Obsolescence analysis cashflow conversion cycle improvements We will identify cashflow constraints quickly and efficiently.
P3 Revenue Cycle Outsourcing Service Our revenue cycle outsourcing service is a community based solution whereby the client benefits from our unique expertise in designing world class revenue cycle processes while retaining full ownership of their revenue cycle operations. Our clients maintain community and employee relations that most provider organizations depend on. A 7-10% operating margin can be generated by taking a comprehensive process improvement approach. Utilize our solutions temporarily or outsource your existing revenue cycle operation to us. P3 Revenue Cycle Scorecard Delivering precise and actionable metrics are key components to high performance organizations. They drive performance analysis and improvement and provide measurement for motivational purposes. In order for revenue cycle scorecards to be truly useful they must be: precise auditable measurable PREMIER3 s revenue cycle scorecards directly measure the operational performance of the revenue cycle. Most revenue cycle scorecards provide leadership with standard metrics such as days in A/R, total cash received, and cash as a percent of the net days on hand. Traditional revenue cycle measurements quantify a combination of revenue cycle performance and the impact of accounting decisions, further compounded by payer mix issues. For example high A/R days could be caused by bad debt write offs or by actual revenue cycle performance. This measurement inhibits the metric s usefulness because of the inability to drill down and analyze systemic issues preventing the organization from developing business literacy and driving continuous improvement.
PREMIER3 s revenue cycle scorecard isolates revenue cycle performance from the impact of other organizational units such as accounting and we normalize measures in order to complete true organizational comparisons. For example, the metrics are determined in such a way that payer mix, nor volume changes impact the performance measurement, resulting in a true comparison. Our revenue cycle scorecard product receives account and transaction level data from your revenue cycle patient accounting system and aggregates the new generation revenue cycle measures for each organizational unit in your revenue cycle. As part of the service package, the director and manager level is trained in the use of the new metrics and is provided a scorecard and the respective audit lists on a monthly basis. Anonymous cohort comparison data is also provided to inform your revenue cycle leadership team of the exact performance in comparison to other revenue cycle scorecard participants. P3 Bed Management reducing bottlenecks through automation We utilize bed tracking technology to help provide timely, cost-effective care by. Effective bed management smoothly moves patients through the treatment process improving patient admissions, transfers, and discharges: maximizing use of hospital resources shortening length of stay optimizing revenue opportunities Bed management status tools improve efficiencies and provide a full understanding of current and anticipated patient demand for the entire hospital contributing to: customer and physician satisfaction positive community relations improved workforce morale increased revenue Your workforce needs the right tools to make decisions consistently. Hospitals that provide the metrics to measure process performance and bed assignment decision tools systemically create high performing teams.
Financial and Operational Efficiency PREMIER3 s Lean Healthcare specialists will assess your organization to customize processes that improve teamwork, morale, and current staff s skill sets. The assessment leverages your existing knowledge base and the dynamics of your culture to deliver actual change. The Lean design and implementation is owned by your Associates due to their full involvement during the assessment. The winning combination of combining internal resources and external tools and guidance delivers significant results. We specialize in designing comprehensive, continuous operations assessments resulting in customized programs that drive breakthrough improvement. Data analysis is utilized to create decision making tools and visual controls allowing the team to take care of patients consistently and quickly. By design processes to projects applying data analysis to optimizing inventory, queuing, statistical process control and other data analysis techniques that will function to the desired outcome.
vendor consolidation supply chain throughput performance analysis SUPPLY CHAIN Optimization Decreasing expenses while increasing supply availability assess demand volatility supply lead time volatility purchase cost criticality of availability distribution methods charging and relief supply reimbursement profit maximizing stratification modeling supply chain inventory modeling demand assessment appropriate action to variation We specialize in designing comprehensive, customized programs. Theory of Constraints Time study development Statistical modeling Wait time modeling Six sigma and process physics Advanced data acquisition and research Information Technology prototyping analysis Financial and operations analysis Bottleneck analysis Schedule optimization