CASE STUDY
CLIENT: 270-Bed Inpatient Replacement Hospital and Ambulatory Care Center
Using standardized metrics allows our clients to measure and value the performance of their assets. We are developing unique management frameworks that allow health systems to scenario-test investments on a portfolio level, as well as comparatively measure each initiative’s potential operational impacts and fiscal returns. This analysis forms the basis for a prioritized asset strategy.
SERVICE: Strategy
EXECUTIVE SUMMARY
METHOD: Physical Asset Valuation Matrix
After a robust acquisition and consolidation campaign, a regional healthcare system found itself saddled with a massive physical assets portfolio, many of which were under performing. As senior leaders focused on re-examining their clinical services,
Challenge
developing new capabilities, and reducing costs, they recognized that they needed a
A healthcare system wanted to replace its current facilities to improve clinical capacities and better serve the needs of its community. As senior leaders began to evaluate sites, they realized that comprehensive comparative evaluation of each location and market was essential to supporting a strategic decision of this magnitude.
comprehensive real estate strategy to support the mission of the organization and to position them for growth. Senior leaders also recognized that the comparative frameworks they used to value individual care sites needed to be comprehensive, focusing not only on the current and projected market real estate value of each asset, but also on the operational value of those assets to the health system and to the communities that they serve. Through the integration of market intelligence, predictive analytics and operational
Solution
and organizational analysis, Array designed and managed a process that yielded
Through prescriptive analytics, Array’s platform provides the system’s senior leaders the ability to test and visualize the decision ramifications of not only individual site selection processes, but also potential service line optimization, market improvement and revenue enhancement in a dynamically evolving business landscape.
testing. Knowing that the client’s long-term investment strategy will have
PROJECT HIGHLIGHTS
a unique, comprehensive, integrated platform for decision modeling and scenario
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broad implications for both the organization and the community, we created a communication plan to foster collaboration and engagement. The data visualizations that power the decision modeling platform also form the foundation of the communication plan, as they convey complex analytics and impacts in a simple, focused manner.
MAJOR VALUATION STRUCTURES
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INTEGRATED DATA SOURCES
47
ASSETS DYNAMICALLY COMPARED
Discovering Your Healthcare Solutions Together We are innovators who specialize in the areas your system seeks out to leverage its valuable operational and facility resources. Array Advisors has the expertise and skills to reach beyond your milestones and provide you the decision support you need.
Our Purpose Our Solutions We are dedicated to improvement. Problemsolving and forward-thinking individuals lead our efforts, which focus on your unique place in the healthcare delivery spectrum. Our knowledgeable staff can help you solve strategic business problems and develop a method to improve efficiency and utilization.
We are Array Advisors, your trusted partners in Strategy Development and Organizational Transformation. The challenges you face are not unique, but your solutions should be. Through a partnership of Strategy and Transformation we help you achieve and sustain. Our process begins by understanding your current operations and clearly defining your system’s goals before generating options. We employ a variety of integrated methods tailored to your strategic challenges, such as process mapping; operational planning; and healthcare real estate portfolio optimization, to help position your organization for future success.
STRATEGY The need for healthcare real estate portfolio optimization has never been greater. With the acceleration in mergers and acquisitions, as well as the evolution of clinical models, healthcare organizations must continuously evaluate their physical assets and maximize the value they derive from them.
Click here to learn more about our Strategy services.
TRANSFORMATION Transformation and lean methods are very useful when focusing on operational process improvement. By bringing all constituents together and giving them the tools to experiment and test new ideas, current state barriers can be identified and transcended.
Click here to learn more about our Transformation services.
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