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Institutional Services

In the ever-changing healthcare environment, one thing is certain: moving quickly on marketplace opportunities is crucial for the success of every institutional provider.

But that is easier said than done. Anticipating regulatory, reimbursement and legal requirements; understanding the dynamics of local, regional and niche markets; negotiating with physicians and payers; and forecasting financial implications of business strategies are just a few of the issues hospitals and systems need to address - all while maintaining operations with staff resources already spread too thin.

Using a pragmatic, hands-on approach, our expert team of professionals helps institutions stay ahead of the market and benefit from change, securing success well into the future. Drawing on more than two decades of experience, Practical Healthcare Solutions will help you compete by:

• defining strategic alternatives
• pursuing business opportunities
• supporting business growth
• maximizing profits

At PHS, we have the expertise to help institutional providers achieve the desired outcome and to realize their full potential.

Whether it's analysis, planning or implementation, PHS brings creativity, responsiveness and an outcomes-focused approach to every opportunity. Our regional and national expertise and scope of knowledge spans the range of business decisions faced by institutions of all sizes and specialties. We can address the following issues:

Strategic Business Planning

What is the best way to use available resources? PHS knows how to assess the potential and the issues, develop business concepts and determine their feasibility. Then, we design and implement the right solutions to strengthen the competitive position.

Business Growth and Profitability Enhancements

Staffing. Technology. Business development. Customer satisfaction.

When it comes to supporting the business side of a service or venture, PHS can define the opportunities to maximize revenues, structure the initiative to operate most efficiently and design strategies to attract patients and keep clients.

As the institution grows, operational and management infrastructures are needed to support the business. How do you make the most of current staff? What technology will help you operate most efficiently? Are there opportunities to systematize business development across the system? These are just a few of the issues we can help you assess to maximize revenues and build the business successfully.

When you work with PHS, you're working with a highly experienced consulting team that knows the market, has a demonstrated track record, and rolls up its sleeves to develop and implement practical, profitable solutions.

Strategic Alliances

Autonomy is the buzzword of old. Today, affiliation is an important pathway to survival, expanding market opportunities, enhancing service, and improving the bottom line. But how do you identify the best opportunities, determine a structure to meet common goals and ensure a healthy financial future? And once the decision is made to affiliate, how do you make it happen? With PHS' hands-on approach, we can help you sort through the options, identify and resolve the complex issues, and see the new organization through to its realization.

We are experts at bringing organizations and institutions together-identifying how collaborative efforts can strengthen the associated entities, developing the right organizational structure and getting the new venture off the ground.

Market / Product Line Initiatives

PHS has worked nationally in nearly every clinical area to help institutions reorganize around product and market segments to gain a competitive edge. Whether its research, marketing plans or product line design, PHS has the experience and expertise to assist.

Reorganizing around product and market segments is key to gaining a competitive edge. But how do you maximize current resources, determine geographic sites, establish referral streams, and identify market opportunities? PHS' experience in product line development and management ranges from the individual hospital to national, multi-hospital systems, covering nearly every clinical area, from the emergency room to ambulatory surgery centers, from cardiology to oncology, and from child and maternal health to geriatric services.

Medical Staff Relationships

With vast experience helping physician practices grow and prosper, the PHS team has keen insight into both the business and personal needs of doctors, providing valuable perspective to institutions in managing their medical staff.

We facilitate employment contracts, provide recommendations for strengthening individual practices and practices throughout a system. We are specialists in group practice formation, transition planning for near-retirement physicians and the design and improvement of residency programs. We also conduct financial valuations and evaluations to determine the value and potential of practices.

Medical Staff Resource Planning and Development

Whether you have already assembled a primary care base, are looking to further enhance one, or need to bolster specialty practice resources in growing markets, PHS can help. PHS can assess the adequacy and distribution of your medical staff, recruit and create win-win relationships with physicians on and off staff.