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Survival in a post reform environment will depend upon a provider’s ability to make margins at or below Medicare rates. FTI’s two-pronged, data-driven approach identifies opportunities to implement product cost reductions as well as infrastructure and cultural changes to attain sustainable and measurable financial improvement. The supply chain has a vital—and often underestimated—impact on the financial health of an organization. Total supply expense, including drugs, purchased services, implants and consumables, is exceeded only by labor expense. At the same time, the selection of purchased goods and services can also influence patient safety and satisfaction. As a consequence, a comprehensive supply chain strategy that addresses expense management, data capture and efficient logistics is essential in adapting to declining reimbursement and competition for patients. That is the reason hospital and healthcare system executives rely on the experts at FTI Consulting Health Solutions to assess overall supply chain cost effectiveness and offer solutions that reduce costs, enhance the quality of support operations and strengthen the organization’s competitive position.
FTI’s portfolio of service offerings are designed to be a one stop shop for all your non-labor cost reduction needs. In addition, FTI also provides a comprehensive array of services for health systems and physician organizations including, performance improvement, strategy, transaction support and interim management.
FTI Consulting is a publically traded company with over 4,600 employees globally. FTI Consulting Health Solutions is one of the top Healthcare Management Consulting Practices in the U.S (as Ranked by Modern Healthcare) with over 350 health care professionals.