New PYA Infographic Steers Rural Hospitals Toward Long-Term Viability
Knoxville, TN (PRWEB) September 29, 2016 -- A new infographic from PYA outlines considerations that rural hospitals should bear in mind as they work toward developing a sustainable operational model that addresses industry transformation and the needs of their communities.
A National Rural Health Association study has revealed that 673 rural hospitals are “vulnerable or at risk for closure.” In order for rural hospitals to prepare for long-term sustainability, they must develop strategic pathways to success. Drawing on years of proven expertise, PYA outlines common challenges of rural health organizations—from inpatient admission decline to complex payment care models to industry consolidation—and offers approaches that can result in long-term success.
“The industry is changing,” said PYA Principal Scott Clay. “Rural hospitals have no margin for error. They must focus their resources in a way that is unique to their market and their organizational capabilities. PYA recognizes this challenge and can help rural facilities develop financially sustainable options that allow them to meet critical community needs.”
Rural providers encounter obstacles unique to their particular landscape, yet have limited resources with which to address them. PYA’s experienced team of physicians, nurses, accountants, and population health experts assists providers of all shapes and sizes in developing sound, cost-effective strategies to streamline operations, ensure regulatory compliance, and improve care for whole communities.
“It has never been more important for rural hospitals to seek help in navigating current and upcoming challenges,” said PYA Principal David McMillan. “This infographic provides easily digested information for organizations taking the first step on the road to sustainability.”
Through value transformation, strategic planning, physician and community health needs assessments, compliance initiatives, and affiliation solutions, PYA is able to assists rural providers in order to keep quality healthcare services in the communities they serve.
About PYA
For over three decades, PYA (Pershing Yoakley & Associates, P.C.), a national healthcare consulting firm, has helped clients navigate and derive value amid complex challenges related to regulatory compliance, mergers and acquisitions, governance, business valuations and fair market value assessments, multi-unit business and clinical integrations, best practices, tax and assurance, business analysis, and operations optimization.
PYA’s steadfast commitment to an unwavering client-centric culture has served the firm’s clients well. PYA consistently is ranked among the Top 20 healthcare consulting firms in the U.S. by Modern Healthcare. PYA affiliate companies offer clients world-class data analytics, professional real estate development and advisory resources for healthcare providers, comprehensive claims audits for self-insured Fortune 500 companies, wealth management and retirement plan administration, and business transitions consulting.
PYA assists clients in all 50 states from offices in Atlanta, Kansas City, Knoxville, Nashville, and Tampa. For more information, please visit http://www.pyapc.com.
Michael Levesque, PYA, http://www.pyapc.com, +1 (800) 270-9629, [email protected]
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