CASE STUDY:

Platform Strategy, Operations and Development

OVERVIEW
EXECUTION
RESULTS
Scale Favicon

Platform Strategy - Overview

SCALE was tasked with a ‘blank slate’ mandate for one of its clients. The Company was stable, had no debt and a positive cash balance, was cash flow positive and growing, but was looking for outside guidance on how to further improve its business and operations.

Scale Favicon

Key Initiatives

  • RCM Performance
  • Business Development Program
  • Site Oversight Program
 
Scale Favicon

Platform Strategy - Execution

SCALE reviewed the business and identified three key initiatives as well as subsequent initiatives and general strategic recommendations.

Reduce RCM Cost

  • Prepared detailed site-by-site analysis of billing fees, measured as a percent of collections and per visit.
  • Presented a case to the two largest vendors for reduced fees.

Manage Billing Vendors

  • Developed customized billing vendor dashboard showing key metrics such as days to bill, denial rate, down-code rate by Site.
  • Incorporated dashboard into monthly vendor meetings and pressed vendors to improve weak-performing sites.

Medium Term Billing Strategy

  • Compared vendor performance using customized dashboards.
  • Presented rational for in-house alternative. The Company is exploring potential billing company purchase.

Business Development Program

  • Identified a candidate who was eventually hired as a Business Development Associate, saving the Company monthly and referral fees.

M & A Program

  • Developed a list of 200+ targets based on key criteria.
  • Used network of MDs and management to develop warm outreach to each target.

Site Oversight

  • Created an oversight program for ‘start-up’ and ‘turnaround site’.
  • Measured the ‘levers’ that determine profitability and advised which ones needed to be adjusted for each Site.
Scale Favicon

Platform Strategy - Results

Cost Savings

  • Secured meaningful cost savings from several vendors totaling approximately $1M.
  • Culture of accountability with billing vendors, moving toward consolidating with best and cheapest vendor. Continue to discuss in-sourcing options.

Established Roadmap for Growth

  • Developed marketing collateral and list of targets based on key demographics.
  • Reached out to several hundred select clients in select states during the first full month of roll-out.
  • Initiated conversations with multiple acquisition targets.

Site Performance Improvement

  • Improved performance at underperforming sites, reducing monthly losses.

The SCALE Difference

Scale Favicon

About SCALE

We are a team of healthcare professionals who pair unrivaled business management expertise with comprehensive clinical specialty knowledge. We transform challenge into opportunity and help your business thrive.

Scale Favicon

About SCALE

We are a team of healthcare professionals who pair unrivaled business management expertise with comprehensive clinical specialty knowledge. We transform challenge into opportunity and help your business thrive.

0
Provider Platform Engagements Since Inception
0
Providers Across Our Platform Partners
0
States Our Platform Partners Operate Across
0
Operational Disciplines and Clinical Service Expertise Offered by Scale

Contact us for a consultation

CONTACT US

DON’T MISS LATEST UPDATED

SCALE Community
Monthly Newsletter

Sign up Newsletter

Be a part of the SCALE family.

Join Our SCALE Team

Be a leading voice in the healthcare services industry.

Join Our Team
SCALE-Consulting-Logo-reverse

Who We Serve

CONTACT US

About

Legal

Linkedin Twitter Instagram Facebook-square Youtube
Copyright @2024 SCALE Healthcare. All Rights Reserved.
  • © 2023 All rights reserved.
Linkedin Twitter Instagram Facebook-square Youtube

Join our community with our latest offering & interesting update

Please fill out the form below to sign up for the SCALE newsletter.

    Back To SCALE Healthcare
    SIGN UP for a free consultation

    Please fill out the details below and a team member will reach out to you.