It is no secret that healthcare reform in the U.S. tops the list of critical issues. The rising cost of healthcare, due to aging populations, increases medical liability, new effective yet expensive equipment and treatments, among other factors, has resulted in an increase of pressure on politicians and healthcare providers to reduce cost while continuing to improve clinical outcomes. Healthcare executives today must work to position their organizations for drastic changes in the healthcare market including downward pressure on reimbursement and implementation and closer monitoring of standard care procedures, while continuing to upgrade their facilities to stay competitive. These pressures are coupled with increasing labor costs, growing medical liability costs, more stringent compliance requirements just to name a few daily operational challenges.
Healthcare executives must clearly understand how the changing external environment will impact their organizations while at the same time being well attuned to the development and implementation of organization strategy in order to address and overcome these certain challenges. Palladium focuses on enabling healthcare organizations to develop capabilities, tools, and the discipline to drive aligned strategy, better decision making, and optimized resource allocation, leading to improved business and clinical outcomes in this rapidly changing and high risk environment. We have experience in all sectors of the healthcare industry including hospitals and healthcare systems, provider groups, payers, and medical technology/information companies.
By working with Palladium’s healthcare team, clients have achieved significant results across a wide range of strategic areas, including: improved operating margin, increased revenue growth in targeted service lines, improved bond rating, improved patient satisfaction scores, shortened access and discharge times, improved reimbursement rates, clinical and safety outcomes, and recruitment/retention and employee satisfaction scores.
Palladium provides services to healthcare clients in the following areas:
- Strategy Management
- Balanced Scorecard
- Linking Strategy to Operations
- Financial Planning & Analysis
- Operational Planning
- Performance Management
- Financial Consolidations
- Operational Dashboards