Every turnaround will have its own facts and circumstances. Following a basic analytical approach helps us understand the organization and tailor management services for the best results. We begin with an assessment of:
- Leadership, including the governance structure, decision-making processes, and key moves over the past five years
- Quality and depth of the management team
- Quality of services and level of customer satisfaction
- Relationships with regulators and the depth of management's documentation on regulatory matters
- Labor relations and supervisory skills
- Critical statistical and financial metrics over the past five years which define the organization's financial capability
- Policies and procedures including accounting, billing, and collection practices.
The objective of the assessment is to identify problems quickly. Working closely with each client, we prioritize our findings and develop a plan for the turnaround, adjusting it as needed to correspond with our progress.
Our leadership includes:
- Process improvement (e.g., reimbursement management, financial reporting, clinical coding, marketing, staffing controls, optimizing workforce productivity, internal controls and fair policy enforcement)
- Strengthening communication channels throughout the organization
- Board and management leadership development
- Establishing the all-important balance between financial realities and service.
For more information on MPA's Turnaround and Continuing Management services, please contact Michael A. Scavotto at (314) 434-4227 extension 13, or mas@healthcareperformance.com |