AMCP’s Post

Healthcare leaders face a delicate balancing act. Some may even call it a high-wire act given the passions and opinions involved – weighing, evaluating, and scrutinizing sometimes competing medical and business needs. As a physician executive, I have learned that you can't make decisions with solely one lens which is a tendency with younger leaders. Seasoned leaders focus relentlessly on the critical intersection of these two areas. Focus too heavily on clinical priorities, and fiscal realities get overlooked. Obsess over finances, and care can suffer. The best leaders contemplate both perspectives in parallel and align them toward a critical goal, namely the long-term success of the organization. Because at the end of the day, a well-run company is an organization that is able to provide care for decades to come. Of course, with the terrain, leaders must sometimes make tough calls that won't please everyone. Leadership isn't a popularity contest. But by giving clinical and operational voices equal seats at the table, leaders make informed choices. The path forward isn't always linear. In fact, most of the time it isn’t. But when medical and business needs intersect, an organization is running on all cylinders. Leadership in healthcare is both an honor and a responsibility. It’s important to steward our organizations to best serve those that entrust us with their care – and that means providing high-quality care and ensuring the lights are on for years to come.

Half of my healthcare career has been in private equity and the other half with a health system. This article summarizes the mutual benefits and growth strategies through partnership well.

The following article published by Becker's Healthcare features an interview with VMG Health Founder & CEO Greg Koonsman about the growth of private equity investment in healthcare. In this article, he shares how this trend is offering health systems partnership opportunities for growth and is making the healthcare industry a hotspot for investment and collaboration. Read the full article here to learn more: https://lnkd.in/gDWc44zJ This article was published by Becker's Hospital Review in collaboration with VMG Health. #privateequity #healthcareinvestment #healthcarepartnerships #healthcareleaders #PEinhealthcare #PE #VMG #VMGHealth

Free clinical leadership webinar: How leaders can drive more efficient, cost-effective, and value-based healthcare Healthcare is under immense pressure to deliver more value with fewer resources whilst providing more patient-centric care. The current ‘fee-for-service' model is no longer sustainable to support rising costs and demands. In this webinar, learn about the value-based healthcare (VBHC) delivery model and how it can lead to more efficient use of resources and improved patient care. Furthermore, discover why diagnostics labs are well-positioned to support the shift to VBHC and how to implement VBHC in healthcare systems. #healthcare #valuebasedhealthcare #vbhc #clinicallaboratory #clinicalmanagement #nhs #medicallaboratory Roche Watch on-demand, suitable for IBMS and HCPC self-certified CPD https://lnkd.in/ew4pcwd7

Leaders of accountable care organizations (#ACOs) are currently balancing several critical work streams simultaneously ⬇ They are focused on understanding their Performance Year (PY) 2023 performance, executing their PY 2024 clinical strategy, and planning budgets, renewals, and strategies for PY 2025. In our new blog, Maryanne Kiley and Blair Mohney, MBA explain how ACO leaders can apply data across 4 key scenarios to succeed in this balancing act: https://lnkd.in/emdHvR5b #accountablecare #acoreach #mssp #valuebasedcare #carejourney

“You treat a disease, you win, you lose. You treat a person, I guarantee you, you’ll win — no matter what the outcome.” — Patch Adams Healthcare leadership is of paramount importance in today’s complex and rapidly evolving healthcare landscape. As the stewards of patient care, healthcare leaders play a critical role in shaping the quality, safety, and effectiveness of healthcare delivery. Their decisions impact not only individual patients but also entire communities and populations. Effective healthcare leadership involves more than just administrative tasks; it requires vision, empathy, and the ability to inspire and guide others. Here are some reasons why healthcare leadership matters: 1. Patient-centered care: Healthcare leaders set the tone for patient-centered care. By emphasizing compassion, communication, and personalized treatment, they ensure that patients receive holistic care that goes beyond medical interventions. 2. Addressing challenges: The healthcare industry faces numerous challenges, from resource constraints to technological advancements. Leaders must navigate these complexities while maintaining a focus on patient well-being. 3. Team collaboration: Effective leadership enhances collaboration among multidisciplinary teams. Whether it’s physicians, nurses, administrators, or support staff, cohesive teamwork leads to better outcomes for patients. 4. Quality Improvement: Healthcare leaders drive continuous quality improvement. They implement evidence-based practices, monitor outcomes, and create a culture of learning and adaptation. 5. Advocacy and innovation: Leaders advocate for policies that enhance healthcare access, equity, and affordability. They also champion innovation, encouraging the adoption of new technologies and best practices. Healthcare leadership is not just about managing budgets and operations; it’s about inspiring a shared vision, promoting patient well-being, and ensuring that healthcare remains a compassionate and effective endeavor11. As Florence Nightingale wisely said, “How very little can be done under the spirit of fear.” 👉See our site for our innovative approach in healthcare leadership by the National and Kapodistrian University of Athens https://lnkd.in/dunZM58J

✨“You treat a disease, you win, you lose. You treat a person, I guarantee you, you’ll win — no matter what the outcome.” — Patch Adams Healthcare leadership is of paramount importance in today’s complex and rapidly evolving healthcare landscape. As the stewards of patient care, healthcare leaders play a critical role in shaping the quality, safety, and effectiveness of healthcare delivery. Their decisions impact not only individual patients but also entire communities and populations. Effective healthcare leadership involves more than just administrative tasks; it requires vision, empathy, and the ability to inspire and guide others. Here are some reasons why healthcare leadership matters: 1. Patient-centered care: Healthcare leaders set the tone for patient-centered care. By emphasizing compassion, communication, and personalized treatment, they ensure that patients receive holistic care that goes beyond medical interventions. 2. Addressing challenges: The healthcare industry faces numerous challenges, from resource constraints to technological advancements. Leaders must navigate these complexities while maintaining a focus on patient well-being. 3. Team collaboration: Effective leadership enhances collaboration among multidisciplinary teams. Whether it’s physicians, nurses, administrators, or support staff, cohesive teamwork leads to better outcomes for patients. 4. Quality Improvement: Healthcare leaders drive continuous quality improvement. They implement evidence-based practices, monitor outcomes, and create a culture of learning and adaptation. 5. Advocacy and innovation: Leaders advocate for policies that enhance healthcare access, equity, and affordability. They also champion innovation, encouraging the adoption of new technologies and best practices. Healthcare leadership is not just about managing budgets and operations; it’s about inspiring a shared vision, promoting patient well-being, and ensuring that healthcare remains a compassionate and effective endeavor. As Florence Nightingale wisely said, “How very little can be done under the spirit of fear.” 👉See our site for our innovative approach in healthcare leadership by the National and Kapodistrian University of Athens https://lnkd.in/dXDVQxgK

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Mission Rural Partners- a division of Mission Healthcare Partners is a full- service rural hospital management company. Mission Rural Partners was formed from the merger of several types of healthcare companies. As leaders, we saw a need to stop competing against each other to bring together a multi-disciplinary team whose experience in rural healthcare would be an asset to the hospitals we serve.  Most importantly, we saw an opportunity to bring our rural hospitals into a collaborative that would bring together teams across geographical lines. Lasting friendships and collaborations occur in this partnership.  Rural hospitals can no longer thrive without the resources and strategy that comes with joining a team. Together, we have the accountability and imagination to tackle the tough issues that the hospital faces all the while planning for the future of rural healthcare.  We are not your ordinary hospital management company. Our mission is simple- to save rural hospitals through a faith driven evidence- based team approach.  We work hard. We dream hard. We love and support each other. We achieve the impossible. Join us on our journey.

With recent challenges, many mid-size hospitals are facing unexpected headwinds. This recent case study outlines an $18 million improvement after a rapid 6-month engagement following a $32 million in annualized improvements projection. Impact: - Identified $32 million in annualized improvements within 30 days of projections - Rapidly moved from assessment to implementation to generate ROI and cash flow within the first month of engagement - Realized $18.4 million in savings across workforce, revenue cycle, supply chain, clinical effectiveness, pharmacy, and physician enterprise workstreams within six months of project kick off - Achieved Rural Health Clinic status and Medicaid rate increases in just six months, immediately optimizing revenue #guidehouse #revenuecycle #revenuecyclemanagement