Four Ways Clinical Outsourcing Can Alleviate Financial Challenges
- August 31, 2016
- ByYogin Patel
Like any business, hospitals are challenged to do more with less while still improving the level of service being provided. Fortunately, there are positive solutions that can lead to greater efficiencies and do not come at the expense of cost savings. By connecting with the right clinical outsourcing partner, hospital systems can both reduce expenses and optimize outcomes.
Partnering with an experienced multispecialty practice gives hospitals a single point of contact and the ability to reduce costs by combining revenue-generating specialties with those that would typically require subsidies. ApolloMD specializes in the provision of Emergency Medicine, Hospital Medicine, Anesthesia, Radiology and Transitional Care services. Having knowledgeable and experienced teams in each of these specialties with an understanding of how they can most effectively operate together allows us to streamline services and develop consistency in patient care.
Increased Efficiency / Capacity
The most effective multispecialty groups are able to leverage their clinical operations expertise to improve patient flow and efficiency, allowing capacity for volume growth and increased revenue. The ApolloMD clinical operations team provides on-site observation, guidance and implementation of solutions for our partners. Working across service lines, these site visits allow the team to incorporate more efficient processes that integrate old and new procedures, leading to a direct positive impact on patient flow and volume.
Recruitment and Retention Expertise
ApolloMD takes pride in our ability to recruit and retain top-quality physicians that become ingrained in our partner facilities and local communities. We stand out in a crowded industry by remaining privately-held and physician-run, with an expanded physician ownership platform that makes us an attractive option for doctors looking for a true (and increasingly elusive) private practice model. Our growth offers leadership and professional development opportunities for many of our physicians. Our internal STRIKE Team also reduces the need for costly and inconsistent locum tenens providers during the transition process.
Clinical Quality / Outcomes
The optimization of clinical quality and patient outcomes are more critical than ever in the current state of healthcare. With governing bodies such as CMS holding the key to reimbursement, hospitals and health systems are held to the highest level of performance standards. Led by our Chief Quality Officer, we have created a specific set of quality compliance initiatives for each service line, keeping in mind clinical alignment across many areas of practice. One size does not necessarily fit all, so quality focuses are ever-evolving to the needs of our partner facilities.