Operations and Finance
We don’t have the time, money, capacity, or capability. How can we do this?
HVA can assist this organization’s administrators in creating a new entity or transforming their current organization into one that can be successful with ERM implementation, and become clinically integrated in a way that is economically beneficial to the members and sustainable. HVA has developed a template process by which organizations can be built quickly. We can help hold down initial investment, decrease on-going costs, provide staff and expertise otherwise unavailable to such communities, deliver a breakeven investment and positive return on investment, and those communities maintain the organization and their HIT infrastructure.
How do we pay for all this?
Access to pay-for-performance programs whether sponsored by government or private payers is avail-able for our clients. Participation in programs like the Medical Home and PQRI projects is also available to our clients. In addition, hospitals are now allowed to invest in provider HIT projects due to the relaxation in the Stark laws, and most are eager to make this part of their physician engagement strategy.
There is investment of human and financial capital, and providers themselves will have to pay some of the expense if their true aim is to be clinically integrated. However, it is easier now than it ever has been to reach payback or breakeven, and to start realizing significant positive return on investment in a short time period.
How can we reduce the cost of our project?
HVA strongly advises working with a team that knows what they are doing. There is no need to rein-vent the wheel. HVA has been down this path. We have developed the organizations, implemented EMR systems, guided our clients to clinical integration, and supported and maintained successful pro-jects. We know where the hurdles and potholes are and can help you avoid them. We know where the opportunities are and can help you exploit them. These projects involve a large investment of re-sources. They shouldn’t be run by folks unfamiliar with them. It is just too costly.
Is there any chance of gaining a return on our investment?
How do we maximize our ROI?
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