Meridian Healthcare Partners led the turnaround of Kern Medical Center from a $21.2 million net loss for the fiscal year ended June 30, 2014 to a net income of $7.7 million a year later through improvements in the revenue cycle, labor productivity, physician enterprise performance, operational efficiencies, a focus on profitable growth, and managed care contracting strategies.
Physician Practice Management (PPM) is a unique and demanding skill set, with operational nuances one will not find in any other occupation. We are experiencing an era of sweeping change in the Healthcare Industry. With decades of PPM experience, Meridian Healthcare Partners has the knowledge to maximize your business strategies and streamline day-to-day operations that will improve quality, profitability, and patient satisfaction.
With a changing focus nationally, we have seen Waiver Programs build demonstration projects and delivery system reform incentive programs that test the boundaries of innovation and drive performance improvement to a new level. Waivers are vehicles states can use to test new or existing ways to deliver and pay for health care services in Medicaid and the Children’s Health Insurance Program (CHIP). While Waivers Programs are deployed by state leadership, local leaders and healthcare executives are tasked with designing and implementing locally tailored programs and systems necessary to succeed and sustain impactful change within their health system. Meridian Healthcare Partners has experience implementing solutions to these multidimensional and complex problems.
Lean Six Sigma is a combination of Lean and Six Sigma principles that originated in the manufacturing industry and have since been applied in healthcare. Lean principles focus on ways to streamline processes and how to eliminate “waste” involved in a process. Six sigma principles are data driven quality improvements that ensure a process is consistent and repeatable. Combined,LSS takes a process apart and then puts it back together in a better, more sustainable way with less waste.
Meridian’s Tools for Results
Meridian employs a variety of tools to achieve demonstrable success
- Managed Care Contracting Strategies
- Governance Structure Evaluation and Best Practices
- Physician Enterprise Management
- Physician Compensation Modeling
- Hospital Turnaround
- Employee Engagement
- Utilization and Case Management
- Strategic Planning
- Physician Documentation
- Revenue Cycle Services
- Labor Productivity Management