Focus Management Group

Healthcare Industry Experience

Academic Specialty Hospital

Industry:

Healthcare

Company:

Academic Specialty Hospital

Situation:

A nationally-recognized, specialty hospital had been losing money annually for more than five years. In the most recent year, the loss exceeded $15MM.

Focus Scope:

A Focus Professional was engaged to determine the causes of the loss and to make financial and operational improvements.

Tasks Performed:

Upon analysis, losses were determined to be primarily a problem of inadequate volume and poor revenue cycle management. Working alongside the client, the Focus Professional improved efficiency in the scheduling system and increased physician productivity.

Results:

As a result, outpatient volumes were increased by a compounded annual growth of 10.6% and surgical volume, a key driver of improved financial performance, was increased by a compounded annual growth of 12.1%. The organization achieved operational breakeven.

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Articles

Agriculture’s Reaction to the Trade Discussions

The recent discussions surrounding tariffs on corn, soybeans, cotton, beef and pork are increasing turmoil in...

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Press

Focus Management Group Completes Its Role as Receiver for Campus Book Rentals

Chicago, IL, August 3, 2017 – Focus Management Group (FMG) was appointed receiver of Campus Book Rentals on...

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