Industry Expertise in Feasibility Studies and Operations
Due to our demonstrated experience over the past twenty years, trauma center development and planning is a major strength of this firm. Trauma centers are complex, demanding health services, and initial decisions tend to get locked into place, particularly with respect to medical staff costs and quality. Our assistance to clients lays the groundwork for successful development of new trauma centers, particularly in regard to establishing collaborative relationships with your medical staff for the next decade.
One of our primary focuses for this type of project is to conduct a market analysis to assess the likely volume, acuity and payer mix of a new trauma center. Tasks undertaken will include:
- Analyze Current Volumes & Severity Mix
- Analyze Current Charges, Reimbursement, Cost, and Payer Mix
- Benchmark Severity Adjusted Financial Information with Bishop+Associates’ database
- Forecast Potential Volumes and Net Revenues of New Trauma Center
Another significant focus for the project is to conduct a medical staff analysis. Typically, gaining current medical staff support for trauma center development is problematic. We have demonstrated success in developing structures for on-call support for the trauma center that minimize the disruptive impact on sub-specialists.
We will also assess the financial performance of current trauma care being provided by the hospital. This information will be important as we assess the feasibility of a designated or verified Level I/II trauma center.
Our final project deliverable will be to assess the feasibility of a new Level I/II trauma center at your facility. Tasks undertaken will include:
- Project development and operating costs
- Project standby costs for trauma physician support
- Project revenue based upon optimal financing strategies
- Compare financial projections with norms from Bishop+Associates’ database
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