Our clients face increasingly complex issues and challenges that can have management, financial, restructuring, or legal consequences. FTI Consulting’s senior professionals are well equipped to help clients meet these challenges and capitalize on short- and long-term opportunities for growth and enterprise improvement.
How We Help
To deliver quality care within today’s tight operating margins, it is critically important to optimize an...
To deliver quality care within today’s tight operating margins, it is critically important to optimize an organization’s workforce, ensuring the right employees are deployed to the right job at the right time. Often, there are opportunities to more fully leverage existing talent. Our expert teams understand hospital, ambulatory and practice operations, and partner with clients to create nimble, responsive, competent and efficient staffing plans and processes. Collaborating with technology partners, we can customize an approach based on client need and environment.
Our clients rely on us to help them sustainably enhance operational productivity with the following approaches:
- Flexible services structured to meet the needs of your organization, such as accelerated productivity analyses and detailed operational reviews and process improvement initiatives
- Benchmarking against industry standards and best practices
- Implementation and optimization of labor productivity management systems
Our professionals are experienced health system operators who work with your managers to improve performance by eliminating non-value-added work and by offering sustainable recommendations. These operational changes often have a positive ripple effect throughout the organization.
Working in cooperation with senior management, we become your “partner in excellence” in the multiple dimensions...
Working in cooperation with senior management, we become your “partner in excellence” in the multiple dimensions of your hospital’s operations — revenue cycle, supply chain, labor productivity, clinical resource management, strategic positions, service lines, quality of care, and physician support. Rely on us to deliver the tools, training, expertise and focused commitment to achieve sustainable change and positive outcomes. This proven approach re-energizes your hospital’s culture by nurturing its most important asset — its people — while building a solid foundation for long-term financial strength. Let us help you:
- Conduct a comprehensive assessment
- Develop EBIDA improvement projections
- Create a detailed management action plan
- Implement a progress tracking dashboard
FTI Consulting is a market and thought leader in revenue cycle optimization and performance improvement.
FTI Consulting is a market and thought leader in revenue cycle optimization and performance improvement. Drawing on our extensive knowledge of and experience with revenue cycle standardization and shared services, we work collaboratively with our client partners to develop customized strategies based on leading practice tools, solutions, and initiatives. Our approach consistently produces significant cash acceleration and recurring financial benefits ranging from 3 percent to 6 percent of net income improvement generally within 12 to 18 months.
With continued pressure on reimbursement and payment methodologies, healthcare executives must focus on cost...
With continued pressure on reimbursement and payment methodologies, healthcare executives must focus on cost reduction more than ever. Non-labor/supply spend is typically one of the biggest expenses accounting for a large share of total operating expense. Awareness and availability of information in non-labor/supply chain has upped the demand for enhanced infrastructure, complex data management, and effective collaboration among executives, supply chain leaders, clinicians and suppliers.
A strong supply chain management program optimizes pricing, standardization and utilization of supplies and services. Industry leaders must achieve new levels of supply chain integration to realize quality, cost and outcome objectives. These leaders rely on our advisory because we understand why it’s imperative to address critical areas to control non-labor-/supply-related expenses, such as harvesting physician preference items (PPI), enhancing supply chain infrastructure, and targeting purchased services. To enable the most savings and improvement in the shortest amount of time, we analyze your healthcare system’s non-labor expenses, clinical and purchased services spend, and complete market comparative analysis.
Our supply chain experts provide the following services:
- PPI management
- Clinical Integration of supply chain
- Strategic sourcing and supply chain process optimization
- GPO strategy — evaluation, selection, and optimization
- Value analysis design and implementation
- New product and technology management
- Clinical preference items
- Commodity supplies
- Service contracts
- Supply chain performance
- Purchased services evaluation
- Contract management
- Service level assessment
- Service delivery model assessment
- Process improvement
- Request for proposal management
- Total cost of ownership appraisal
- Procure to pay process optimization
- Procure to pay recovery audit
- Data management assessment
- Price parity audit
- Item master audit
- Contract data management
- ERP optimization for procure to pay process