Turnaround, Affiliations, Bankruptcy
Making a legacy decision for your health system.
Propelled by the rapidly evolving environment, the financial performance of hospitals and health systems in the U.S. has steadily declined. And while the reasoning behind this decline is involved, financial problems tend to stem from volatile market dynamics, strategic issues, IT system conversions and debt.
Many are trying to determine a sustainable path while preserving some form of independence. Most hospitals are operating within razor-thin margins and increasing competition from other organizations as well as non-traditional providers.
To remain viable in the future, hospitals and health systems must revamp their strategies to match market demand. Leaders must answer the difficult question, “How can we best position our organization to be the sustainable healthcare provider of choice for the community we serve?”
Determining your organization’s strategic positions requires an understanding of what is needed to be sustainable in your market.
Sometimes, hospitals need a rapid solution for difficult situations. Quorum Health Resources’ turnaround and insolvency consultants have advised many organizations in financial distress throughout a variety of markets. We give quick and honest solutions to help turnaround the most challenging of situations and meet stakeholder objectives. QHR’s proven capabilities have helped clients navigate their way through.
How We Help Our Clients
"The Board was committed to pursuing our strategic plan to maintain local access to care. We needed a third-party perspective to help us ask the right questions and get to the cause of our challenges. Our working relationship with QHR was seamless, and we were able to make effective decisions to strengthen our balance sheet and increase our value to the community."
Andy Sparks, Board Member, Progressive Health Systems
- Strategic alternatives
- Refinancing debt
- Restructuring physician practices
- Refining service lines
- Deteriorating performance trends
- Liquidity crisis issues
- Loss of key leadership
- Financial restructuring
- Bankruptcy and insolvency
- Capital expenditures
- Merger and acquisition
- Clinically integrated network
- Accountable care organization
- Regional collaborative, joint venture and joint operating agreement
- Clinical affiliation
Workforce Efficiency: Sustainable Change for Bottom Line Impact
As the shift from volume to value-based care and reimbursement continues to gain momentum, providers must rethink traditional staffing models and develop a targeted strategy to maximize resource utilization and reduce labor expenses amidst fluctuating volumes and increasingly tighter margins
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