Hammond, LA (PRWEB) September 6, 2010
“In today’s challenging healthcare environment, many hospitals find themselves struggling with declining revenue, rising expenses and out migration of their patient base to competitors,” notes Kirk Soileau, GHM Chief Executive.
The US healthcare market is under tremendous turmoil following the passage of the Obama Administrations sweeping healthcare legislation this spring, the most comprehensive change to how care is delivered and financed in the past 50 years.
Those healthcare entities that are part of a network of hospitals, clinics and physician providers have a better chance of viability over the next five to ten years than the traditional free-standing independent institutions found in communities throughout the country. The future of healthcare access and reimbursement will be driven from three key data points: Cost Efficiency, Quality Outcomes and Customer Satisfaction. While some independent community hospitals may fare better and in some cases thrive, many will not be able to compete with the large chain systems that share infrastructure, drive volume and have economies of scale based on their size. Key is finding your niche without duplicating services in highly competitive markets.
GHM focuses on full service hospitals that may be over-bedded due to out-migration of patients, underperforming financially due to reimbursement declines and high personnel levels or do not have the capital necessary to renovate or expand competitive services. Alternatives range from re-tooling the organization’s leadership team and staff rosters, revenue cycle management, debt financing, public-private partnering, to converting the hospital to another type of provider such as critical access, acute rehabilitation or long term care.
Global Health Management (http://www.ghmllc.net) , headquartered in Hammond Louisiana, is a privately held healthcare development and management firm with the goal of helping government, medical educational institutions, private entities or other healthcare providers realize their strategic vision. GHM team members have a proven track record of turning around healthcare organizations that have quality, operational or financial performance issues. Comprehensive development services begin at visioning, through design development, bidding and construction administration, through equipment procurement and commissioning, into short or long term operational management. Currently GHM is working with clients in the US, China, India, Africa and United Arab Emirates.
Kirk Soileau, CEO
Global Health Management, LLC