Hospitals with significant financial, operational, strategic, or clinical quality issues can be placed on a pathway to sustainability by healthcare advisors experienced in making the necessary decisions and taking swift action.
The Health Partnership can provide a turnaround team for an agreed period of time to develop and implement a strategic, financial and operational plan for your healthcare organisation or facility. We believe that the delivery of quality patient care at the lowest possible cost is necessary and must be achieved for a sustainable operation. This will in turn increase patient satisfaction and the organisation’s market share, which is good for the financial profile of the hospital and also reflects present day view of evidence-based medicine and positive clinical outcomes.
The Health Partnership will work with your organisations’ key stakeholders to achieve a positive operational margin and further your mission so that it remains viable and independent. Once all stakeholders are on board, we will work with your Board of Directors on a transition plan to return the management function to a permanent Executive Team within your organisation or facility.
The Health Partnership has significant knowledge and expertise in hospital turnaround engagements with the recent Sachkhere Case Study exemplifying our experience and success. Our approach to turnaround projects guides the organisation initially through aggressive cash accumulation and cash preservation steps, before then focusing on the creation of a centre of excellence and other revenue generating and market share gain strategies to achieve long-term sustainability.