Strategic and Business Planning
At RSM McGladrey, we offer the following strategic and business planning services:
Building strategic board capabilities
Your board of directors or advisors helps you compete and succeed. But a board can also be an obstacle to growth. We help you create and develop a board that adds value to your organization and improves stakeholder confidence.
Provider-based regulations compliance strategy assessment
Are you confident your organization has addressed the financial, organizational, strategic and compliance implications surrounding provider-based regulations? Many health care institutions struggle with the complexity of these regulations. Our experienced professionals help you understand these regulatory requirements and develop plans to assist you in reaching compliance.
Market assessment
Do you want a realistic assessment of your future? At RSM McGladrey, we analyze internal and external environments, assess competition, identify changing market conditions and trends, pinpoint the public’s needs and wants, and determine organizational strengths and weaknesses. We then help your organization develop and execute marketing strategies and plans.
Strategic planning
When strategizing about the future, our health care clients want industry-specific knowledge and a facilitative approach to help them analyze and reach decisions. We assist our clients in setting achievable objectives and work with them to develop action-oriented plans to reach them. Our consulting team provides insight into the strengths and weaknesses of your organization, the barriers to productive practices and the changing market conditions and trends.
Physician compensation planning
We assist health care organizations to design and implement plans that meet their compensation goals and objectives. Our approach to compensation planning includes an assessment of the current system through satisfaction surveys and interviews with physicians and management. We review data on physician production, compensation and overall financial performance. Working with your internal resources, we help you develop a new physicians’ compensation model or make revisions to your existing compensation methodology. This service is designed to provide a solution that is fair and appropriate for both the physicians and your organization.
Critical access hospital (CAH)
PPS Hospital DRG and APC reimbursement from Medicare may not be the only option for a facility. Experienced Medicare reimbursement consultants perform feasibility studies on rural hospitals to determine if CAH status is a better option for your hospital. We assist management and the board of directors with understanding the requirements and implications of cost reimbursement methodology. We also help with the CAH application and survey preparation. Once CAH status is achieved, we often provide staff education, preparation of interim and year-end cost reports, and design assistance on procedures and processes to appropriately track and record your costs.
Provider-based services feasibility assessment
Significant site-of-service incentives still exist. And these site-of-service determinations can affect patient responsibility. Our analysis helps to determine the financial and operational impact for the health care organization as well as for the patient it serves as a provider-based site.
Valuations
When it’s necessary for you to determine the value of a health care organization or a medical practice for reasons such as a merger or acquisition, our consultants are available to assist with these valuations. We recognize the value of an organization or medical practice includes not only tangible assets (e.g., cash, AIR), but also intangible assets, such as patient records, established workforce, favorable leases, trade name, going-concern value and goodwill. We provide an objective, timely valuation of your organization or practice. Our health care valuation team is experienced in a wide range of valuation approaches.
Integration, affiliation, merger and acquisition activities
As health care organizations consider horizontal and vertical integration strategies, our consultants are at the forefront of assisting with benefits analysis and identifying potential pitfalls of such relationships. We help to create a shared vision for integrated service delivery, combine cultures, integrate human resource systems and align incentives for maximum efficiency. We work with you to identify the appropriate strategies and options for integration, represent them in the merger and integration process, facilitate the integration process, and assist with negotiations and implementation. Our approach is designed to address management, accounting and tax concerns.
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