Hospital and Health System Advisory Services

Improving quality, reducing cost and maximizing outcomes are three fundamental activities organizations must take to stay relevant and ensure sustainability in today’s healthcare market. As organizations are pressured by patients, payors, and the market, they need to have the appropriate processes, tools, and structures to respond. LBMC’s Hospital & Health System Advisory Practice can help equip organizations to manage these challenges.

What Can We Do For You?

Clinical Resource Management

Improving clinical, operational and financial efficacy along the care continuum is a challenge many organizations are not equipped to tackle alone but is a required step that must be taken to be successful in the future. Whether the need is enhancing the performance of your case management programs or standardizing care delivery to support cost management and increased quality, our expertise can help:

  • Improve care coordination
  • Reduce length of stay or avoidable care days
  • Improve access and capacity management

LBMC can help enable providers to care for patients in the right level of care, at the right time, in the right location.

Healthcare Finance & Reimbursement

We have subject-matter experts who can help executives accomplish debt covenant studies, managed care contracting negotiation and analysis, chargemaster and rate review, cost report preparation or review, and feasibility studies for Medicare special programs (CAH, MDH, SCP, 340b, etc.), and other objectives.

Inpatient and Outpatient Clinical Documentation Integrity (CDI)

Inpatient CDI has long been focused on ensuring complete and accurate documentation in the electronic health record for hospitalized patients to improve capture of appropriate patient care delivery and the most accurate coding and billing. As there has been a shift to increased volumes of patient care in the outpatient setting, the importance of also having the most accurate documentation possible in the outpatient setting has been highlighted. LBMC offers solutions to focus on inpatient and outpatient documentation where we can assist with validating or enhancing current processes, effective use of CDI software and the integration with the EHR, and defining, tracking and trending program metrics and goals to ensure program success.

Integration Planning & Management

Taking into consideration company culture and values, we help develop impactful, measured plans to integrate the operations of disparate organizations into a cohesive “system”, which we have found to be the common difference between a successful M&A transaction and a failed one.

Performance Improvement

With most community hospitals surviving on razor-thin margins, Executives must be hyper-responsive to changes in performance. We help develop data-based improvement plans and, with management, organize sequentially prioritized action plans that target energy where it matters most so as to optimize the speed and durability of results.

Revenue Cycle Improvement

With most healthcare organizations having razor thin margins, a small disruption to your revenue cycle can be catastrophic. We help organizations: 1) manage accounts receivable, 2) reduce denials, 3) increase point of service collections and other key revenue cycle metrics.

The result is a healthy revenue cycle that supports a strong performing organization and enhances overall patient experience.

Workforce Productivity

People are the most important component of your organization. Ensuring you are right sized to meet the demands of your patient’s while also maintaining efficient processes, will set you apart from your competition. Our experts help your organization determine the right complement of staff, outline processes to utilize them at their top of their skillset, while also balancing cost.

Hospital & Health System Advisory Services

Link to Lane Hospital and Health System Advisory Services

Lane Jackson

Shareholder, Healthcare Consulting

phone icon email icon Nashville
phone icon email icon Nashville
Link to Michael Hospital and Health System Advisory Services

Michael Corbett

Director, Healthcare Consulting

phone icon email icon Nashville
phone icon email icon Nashville