CLIENT:
CASE STUDY
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.
CHALLENGE
EXECUTIVE SUMMARY
A healthcare system wanted to replace
After a robust acquisition and consolidation campaign, a regional healthcare system
its current facilities to improve clinical
found itself saddled with a massive physical assets portfolio, many of which were
capacities and better serve the needs of
under performing. As senior leaders focused on re-examining their clinical services,
its community. As senior leaders began
developing new capabilities, and reducing costs, they recognized that they needed a
to evaluate sites, they realized that
comprehensive real estate strategy to support the mission of the organization and to
comprehensive comparative evaluation of
position them for growth.
each location and market was essential
Senior leaders also recognized that the comparative frameworks they used to value
to supporting a strategic decision of this
individual care sites needed to be comprehensive, focusing not only on the current
magnitude.
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.
SOLUTION
Through the integration of market intelligence, predictive analytics and operational and organizational analysis, Array designed and managed a process that yielded
Physical Asset Valuation Matrix
a unique, comprehensive, integrated platform for decision modeling and scenario
Through prescriptive analytics, Array’s
testing. Knowing that the client’s long-term investment strategy will have
platform provides the system’s senior
broad implications for both the organization and the community, we created a
leaders the ability to test and visualize
communication plan to foster collaboration and engagement. The data visualizations
the decision ramifications of not only
that power the decision modeling platform also form the foundation of the
individual site selection processes, but
communication plan, as they convey complex analytics and impacts in a simple,
also potential service line optimization,
focused manner.
market improvement and revenue enhancement in a dynamically evolving business landscape.
PROJECT HIGHLIGHTS
3
Major Valuation Structures
14
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 SOLUTIONS
OUR SERVICES
We are dedicated to improvement.
How can we assist you?
Problem-solving and forward-thinking
We are Array Advisors, your trusted partners in Strategy Development, Organizational
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.
Transformation, and Facility Informatics. 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.
MEET YOUR ADVISORS
Informatics Building Information Model management (BIM) is an enabler of most other technology trends in the Architecture, Engineering, Construction, Operations (AECO) industry, including but not limited to: sustainable design, offsite fabrication, LEAN construction, and energy efficient operations. Carefully considering how best to leverage virtual/digital representations of physical buildings can provide significant returns on innovation throughout the entire lifecycle of your facilities.
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.
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.
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Published: APRIL 2016