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HELP WHERE HOSPITALS NEED IT ®

Community Hospital Blog

Anne Block
Supply and Demand: Hospitals Need Supplies, Demand Savings

Supply costs are one of the fastest-growing cost centers for hospitals. These spiraling expenses tend to hit community-based hospitals hard because they don’t wield enough purchasing power to command preferred pricing. But greater strength and savings can be theirs now that CHC has linked our supply chain services with CHC Supply Trust.

 

CHC Supply Trust offers supply chain solutions tailor-made for community hospitals, including GPO access, regardless of size or annual spend. CHC Supply Trust client hospitals tend to save about 10 percent more than they can with other GPOs on the same products and services. In addition, 100 percent of GPO rebates are returned to hospitals monthly—a huge, helpful departure from the industry standard.

 

How much can CHC Supply Trust save your hospital? We offer a Complimentary Supply Spend Analysis to calculate how much you could save simply by purchasing your exact same products and services through CHC Supply Trust.

 

CHC Supply Trust also offers a spectrum of supply chain support, from short-term consulting to full onsite management, including:

  •  Supply chain consulting
  • GPO access
  • Customized support services agreement with GPO access
  • Outsourced materials management with GPO access 

Click for your Complimentary Supply Spend Analysis.

 

Learn more about CHC Supply Trust’s full spectrum of supply chain savings.

 

Read how Community Hospital in McCook, Neb., worked with CHC Consulting to achieve an annual savings of 18 percent on supply spend.

 

Tags: Operational Improvement, Supply Spending
To Succeed in 2015, Hospitals Must First Resolve to Stay in Business

Many New Year's resolutions fail not due to lack of resolve but to lack of resources. Many hospitals fall on hard times for the same reason, but help is at hand if hospital leaders know where to reach.

 

On the brink of closure in 2013, a long-term acute care hospital (LTACH) in rural Kentucky tapped CHC’s resources and in 12 months made a complete turnaround. Under CHC ContinueCARE’s unique ownership model, the LTACH reopened as ContinueCARE Hospital at Baptist Health Corbin and is now regarded as an LTACH industry leader. The model allows host hospitals to receive financial distributions from their LTACHs via a not-for-profit operating company.

Read the case study.

 

CHC’s turnaround strategists help ailing LTACHs like Corbin’s as well as traditional acute care facilities when financial and performance problems become dire. Our turnaround services go deeper than a traditional operational assessment designed for hospitals that are struggling but not yet sinking, and they involve much more than cutting costs — for example, revisting marketing and referral development efforts in the case of ContinueCARE Hospital at Baptist Health Corbin.

 

The entire turnaround process for any given hospital typically takes 12 to 24 months to see full benefits, but that time prepares the hospital to be a community resource for years to come. At its completion, CHC can stand by you to make sure things go as planned through continued consulting services, a management contract or an ownership model. Or we can equip you with tools and strategies to succeed confidently on your own.

 

Read about CHC's turnaround programs, including signs that your hospital may be a candidate.

 

Tags: Hospital Management, LTACH, Operational Assessment , Operational Improvement, Strategic Direction
Turnaround from Technical Default to Nationally Ranked Hospital: Gunnison Valley Health, Gunnison, CO

A 180-degree turnaround followed by an upward surge. That’s how CEO Rob Santilli describes Gunnison Valley Health’s (GVH) experience working with CHC. GVH found itself in technical default for failing to satisfy bond covenants including cash on-hand requirements. Acting fast, GVH selected CHC over two other national hospital management support firms to recommend and oversee immediate improvements and provide ongoing strategic support.

 

The action plan implemented over the next year resulted in significant improvements and revenue gains for GVH.

 

Read the full case study for more.

 

Learn about CHC's Turnaround Services.

 

 

Tags: Hospital Management, Operational Assessment , Operational Improvement
Turnaround program improves hospital’s profile and prospects: Memorial Health System of East Texas, Lufkin, TX

After six decades of regional prominence, Memorial Medical Center-Lufkin, the flagship hospital of a four-campus system in East Texas, weathered a multi-year trend of dwindling patient volume and cash reserves resulting in a bond rating downgrade. Determined to get back on track, hospital leaders hired CHC to design and implement a turnaround program to restore the hospital’s financial health and credit, as well as the system’s prospects as a whole.

 

Recently, the system announced a strategic partnership made possible in part by the turnaround program’s impressive results.

 

Read the full case study for more.

 

Learn about CHC's Turnaround Services

Tags: Operational Improvement, Partnership
Reaping the Benefits of Meaningful Use: St. Mark's Medical Center

Like hospitals everywhere, St. Mark’s Medical Center in La Grange, Texas, made a substantial investment to switch over to electronic health records (EHRs). Offsetting this expense, the Centers for Medicare & Medicaid Services (CMS) provides incentive payments for the “meaningful use” of certified EHR technology to improve patient care.

 

While demonstrating meaningful use as defined by CMS can be daunting, there’s good news: St. Mark’s Medical Center is eligible for more than $3.85 million in meaningful use incentives over five years. Hospitals that do not meet meaningful use criteria miss out on incentives and will eventually incur penalties in the form of Medicare and Medicaid fee schedule reductions.

 

Learn more about St. Mark's path to meaningful use incentives in this case study.

 

Noteworthy: CMS’ meaningful use audit program is in full swing and CHC is finding that many hospitals are less than prepared for the depth of an audit.

 

Read more in the article, “4 Mistakes to Avoid in a Meaningful Use Audit.”

 

CHC in the Spotlight