Financial Improvement Strategy

ACS Healthcare Solutions' seasoned, multidisciplinary team of consultants can assist your health care organization to achieve sustainable financial performance. We accomplish this by working with your leadership team to tackle priority initiatives needed to create a strong balance sheet and income statement. In recognition of the fact that the solution for each organization is unique, we work with you to identify the opportunities and barriers to success. We then help formulate definitive action and implementation plans designed to mobilize your organization to achieve needed financial success.

We can undertake these assignments as either an internally-driven project or when external assistance is a requirement of bond covenants. To meet your specific needs, we offer services that range from comprehensive to targeted in scope:

• Development of a comprehensive action and implementation plan to improve financial performance
• Focused planning initiatives to address one or more critical issues such as productivity improvement, clinical resource management, revenue cycle management, and strategy formulation to increase net revenue
• Implementation assistance to fill critical resource gaps and expertise to facilitate rapid achievement of performance improvement targets

We have developed methodologies and approaches that are tailored to each institution’s needs. When tackling the complex financial challenges that are faced by today’s health care organizations, we typically address at least seven questions:

1. What level of financial improvement will be required?
2. What organizational changes could enhance financial performance?
3. How should top-line revenue be grown?
4. What operational cost savings are achievable?
5. What opportunities exist to improve clinical resource management?
6. How much more revenue can be collected for services that are provided?
7. What strategic options should be pursued?

Review of the multiple factors influencing the answers to these questions establishes a basis for identifying and quantifying opportunities to improve organizational performance, revenue growth, strategic positioning, and/or cost savings.

While approaching these engagements as a collaborative effort with your organization’s leadership, we provide the skills and technical expertise to rapidly identify, prioritize, and support the implementation of sustainable solutions.

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For more information about our financial improvement/turnaround capabilities, contact us for more information.