Beacon Partners Expands Line of Organizational Performance Improvement Services in Response to Increased Challenges Facing the Healthcare Community.Industry report cites that 50% of short-term, acute-care hospitals are either insolvent INSOLVENT. This word has several meanings. It signifies a person whose estate is not sufficient to pay his debts. Civ. Code of Louisiana, art. 1980.. A person is also said to be insolvent, who is under a present inability to answer, in the ordinary course of business, the responsibility or near insolvency insolvency Condition in which liabilities exceed assets so that creditors cannot be paid. It is a financial condition that often precedes bankruptcy. In the context of equity, insolvency is the inability to pay debts as they become due; insolvency under the balance-sheet WEYMOUTH, Mass. -- Healthcare management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects firm Beacon Partners, Inc., today announced the expansion of their Organizational Performance Organizational performance comprises the actual output or results of an organization as measured against its intended outputs (or goals and objectives). Specialists in many fields are concerned with organizational performance including strategic planners, operations, Improvement Services offering that is geared at helping organizations within the healthcare community achieve the optimal alignment of their people, processes and technologies across their entire enterprise. This expansion is in response to the increasing pressures on healthcare organizations to remain competitive while reducing overall costs and meeting regulatory obligations. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a recent Alvarez & Marsal Healthcare Industry Group report, over 50% of short-term, acute care hospitals are either insolvent or near insolvency as state and local governments across the U.S. are limiting spending as the economy continues to decline. "With all the significant challenges that healthcare facilities face, we recognize that they need more help with broad-reaching strategy and planning, so we have expanded our strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. capabilities by hiring key individuals who specialize spe·cial·ize v. 1. To limit one's profession to a particular specialty or subject area for study, research, or treatment. 2. To adapt to a particular function or environment. in healthcare strategy," explains Ralph Fargnoli, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Beacon Partners. "Heading up the elite team we've assembled for our Organizational Performance Improvement Services offering is Kevin Burchill, who has 20 years of healthcare experience most notably at the CEO, COO or executive management level of several hospitals and healthcare organizations," continues Fargnoli. "Kevin has true depth and breadth of experience in strategic planning, physician contracting and operational turnarounds, including post-bankruptcy situations." Beacon Partners Organizational Performance Improvement Services include: * Enterprise Planning - jointly developing an enterprise plan with business and clinical operations, IT, physicians and executive leadership. * Organizational Performance Improvement - implementing operationally-based objectives to enhance systems to monitor productivity, realize additional bottom-line improvement and enhance revenue cycle opportunities. * IT Strategy - helping deploy new or improved information technology utilizing Beacon Partners' extensive experience with complex healthcare IT initiatives. * Service Line Planning - assisting in developing effective strategies to assess current and future service lines, with a focus on the dynamics of the physician and hospital relationship. * Physician Compensation Planning - employing a mission-based management methodology to analyze the multifaceted mul·ti·fac·et·ed adj. Having many facets or aspects. See Synonyms at versatile. Adj. 1. multifaceted - having many aspects; "a many-sided subject"; "a multifaceted undertaking"; "multifarious interests"; "the multifarious activity of a physician. * Hospital and Physician Alignment - coaching organizations in effectively aligning physicians with a health systems strategy to maximize the relationship between physicians and health systems. About Beacon Partners Beacon Partners coaches organizations in the Healthcare Community on the development of strategies that maximize Enterprise Yield[TM] - the alignment of people, processes and technologies. To achieve top levels of performance, a healthcare provider must factor strategic direction, physician alignment, economic incentives and overall market impact. Beacon Partners has proven that focusing on these critical success factors will strengthen an organization from its core outward and improve patient experience. Beacon Partners, the only firm in the industry that provides a satisfaction guarantee, has offices in Boston, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , and Toronto, and is one of the fastest growing privately-held firms in healthcare management consulting. Please visit http://www.beaconpartners.com and Beacon Partners' special healthcare information portal, http://www.spotlightonhealthcare.com. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion