Providing Cost-Savings to Key Service Lines

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Historically, hospitals and health systems have viewed financial support arrangements for hospital-based service lines as a “cost of doing business.”  Whether the providers are employed or independent contractors, these programs can represent a significant financial outlay to a hospital.  HealthCare Appraisers (HAI) has reviewed hundreds of these arrangements since our establishment as a firm.  Based on our vast experience, we believe there is ample opportunity to reduce subsidization and build more efficient programs to fit the needs of a health system.  Through our proven approach, we can:

  • Reduce payments to physician groups
  • Develop new and efficient hospital-based service lines
  • Incorporate industry best-practices and quality metrics

HAI can provide these services for the following hospital-based service lines:

  • Anesthesiology
  • Critical Care
  • Emergency Medicine
  • Hospital Medicine
  • Neonatology
  • Radiology
  • OB Hospitalist Medicine
  • Hospital Based Surgical Programs

HAI can identify and evaluate opportunities to achieves these cost savings by helping health systems improve financial and operational performance by:

  • Reducing subsidies paid to physician groups by restructuring coverage arrangements and evaluating expected professional collections
  • Securing efficient and cost-effective coverage of new hospital-based service lines through a bidding process
  • Incorporate quality and at-risk components to existing arrangement to incentivize program improvements
  • Creating efficient staffing models based on historical program volume and hospital needs
  • Aligning compensation in on-call arrangement with best practices

If you are in the process of evaluating your hospi­tal-based service lines, HealthCare Appraisers has the expertise and tools to optimize the program. If you have an existing financial support arrangement that represents a signif­icant cost on the hospital’s income statement, Health­Care Appraisers can help you determine if restructur­ing your agreement will result in cost savings without compromising operational performance. 

SPEAK TO AN EXPERT
Luis Argueso-01

Mr. Argueso is a Director in HealthCare Appraisers’ Colorado office, where his area of practice involves the appraisal of healthcare businesses and the valuation of healthcare provider compensation relationships.  He has been providing valuation and consulting services since 2008.  Mr. Argueso is a national subject matter expert in the valuation of compensation arrangements between hospitals and medical groups which staff and medically direct hospital-based service lines such as: anesthesiology, emergency, hospitalist, and radiology departments.  He also is a thought leader in the fair market value and commercial reasonableness of telemedicine businesses and service arrangements.  Based on this expertise, Mr. Argueso has provided consulting to clients for improving the efficiency, quality, and compliance of telemedicine and hospital-based service arrangements. Contact Mr. Argueso