TURNAROUNDS

START MAKING HEALTHY DISTRIBUTIONS.
There are three primary ways to improve your bottom line:

1. REDUCE EXPENSES
2. INCREASE CASE VOLUME
3. COLLECT MORE PER CASE

Accomplishing these things is not as easy it may seem. That is why around half of all ASC’s are supported by a corporate partner with experience in management and turnarounds; you need a partner with the business acumen to manage costs, improve revenues, and build cohesiveness among the partners and staff.

We start by listening. Your ASC is unique, and we want to understand its intricacies. After asking many questions to paint a complete picture, we will begin designing a recovery plan. We will likely begin with initiatives that will have the greatest impact.

IMPLEMENT THE RECOVERY PLAN

Reduce Expenses

  • Reduce staffing costs
  • Reduce inventory stock levels
  • Utilize group purchasing organizations (GPOs)
  • Identify unprofitable cases through case costing
  • Refinance loans and/or renegotiate lease terms

Increase Case Volume

  • Increase case volume from partners
  • Meet with physician schedulers
  • Recruit new physicians
  • Focus on profitable case types

Collect More Per Case

  • Consolidate and attack accounts receivable
  • Update billing charge master / fee schedule
  • Restructure business office
  • Renegotiate managed care contracts

ARE YOU INTERESTED IN WORKING WITH MEDBRIDGE?

Simply answer a few questions and we will provide you with more information on our services.