In a recent discussion on health system service line strategies, Chip Hutzler, Partner at HMS Valuation Partners, Alaina Crislip, Member at Jackson Kelly PLLC, and Claire Turcotte, Director of Legal Services at Premier Health, share insights on both the successes and challenges they face in this dynamic field.
Key points from their discussion include:
- Reevaluating Specific Service Lines: They emphasize the importance of continuously reassessing service lines to ensure they align with the evolving needs of the health system and the community it serves.
- Addressing Excess Capacity: Strategies for dealing with service lines that have more capacity than demand were explored, including optimizing resources and reallocating staff and equipment to areas with higher need.
- Embarking on Joint Ventures: They discuss the benefits and complexities of forming joint ventures with other healthcare entities, which can enhance service offerings and expand reach but also require careful negotiation and alignment of goals.
- Revisiting Service Line Arrangements: Regularly revisiting and updating service line arrangements is crucial for maintaining efficiency and effectiveness, particularly as healthcare regulations and market conditions change.
- Maintaining Services Amidst Unexpected Challenges: Ensuring the continuity of services in the face of unexpected challenges, such as pandemics or economic shifts, was highlighted as a critical aspect of resilient health system management.
Through their expertise, Hutzler, Crislip, and Turcotte provide valuable perspectives on navigating the complexities of health system service line strategies, underscoring the need for flexibility, strategic partnerships, and proactive management.
To listen to the podcast in full, click here.
