Tap the Experience of Seasoned Operators
The breadth of our inSight Advisory Services team is extensive and comes from experience in real-world operator settings. The team delivers on HealthTrust’s total spend management mission in multiple ways, including:
- Spend analytics to identify areas for spend reduction
- Leading practices to enhance procure-to-pay operations
- Staff development and process improvement in the pharmacy
- Strategically and collaboratively optimizing surgical services
- Value analysis approach that is clinically integrated and evidence-based
- Leadership staffing to support quality, outcomes and cost objectives
- Shared services model for purchasing, accounts payable and distribution
- Revenue cycle management strategies for improving collections
- Alignment of technology and organizational strategy
HealthTrust’s Spend Analytics platform identifies areas for expense reduction on medical/surgical supplies and pharmaceuticals, and aids healthcare organizations in the development of enterprise-wide initiatives to streamline processes and drive further savings.
Our team of advisors helps HealthTrust members utilize the tool’s near-real-time spend information to maximize compliance with HealthTrust contracts and eliminate lost savings in two of their largest spend categories. Spend is easily managed via a single portal, where contract conversion opportunities are revealed, tiered savings can be optimized and the performance of HealthTrust therapeutic initiatives can be tracked. Spend Analytics embodies the best of a collective model, providing insights as benchmarked against the best practices of leading health systems from around the country.
Supply Chain Operations
Our team of supply chain operators has years of experience implementing innovative leading practices in hundreds of facilities across the nation. Our solutions support patient-focused care while engaging physicians and clinicians—and improving their satisfaction—in addition to generating bottom-line results.
We apply our experience as hospital operators to help identify sustainable approaches to enhancing your procurement, sourcing, inventory management, distribution and accounts payable processes.
HealthTrust has proven methodologies to help members improve their pharmacy operations, clinical programs and formulary management.
Our optimization program includes developing the appropriate metrics to monitor financial, formulary, clinical, quality and regulatory performance. HealthTrust will work with your facility to develop leadership and staff and implement an optimization program to reduce pharmacy expenses while enabling a greater focus on patient care.
HealthTrust has advisory expertise to help providers struggling with developing and implementing strategies to increase productivity, improve patient throughput and lower operating costs.
Our team is proficient at optimizing scheduling and patient flow in surgical areas with efficient processes and proven supply management practices—and by optimizing resource utilization, systems and data. And we do it collaboratively with your physicians, hospital executives, clinicians, supply chain team members and suppliers.
Healthcare executives are challenged to develop a clinically integrated, evidence-based process for evaluating products, technologies and services to ensure the greatest quality of care and value to patients.
HealthTrust has a team of clinicians/operators and a proprietary database of more than 1,000 best demonstrated practices to help hospitals establish a robust value analysis process—or add rigor to an existing program. Our methodologies focus on engaging physicians and key stakeholders to equip them with an effective, repeatable and sustainable means to stay ahead of continuous cost and quality pressures.
HealthTrust frequently complements existing management teams with experienced leaders that include supply chain, value analysis, custom contracting, and pharmacy leaders, to assist organizations in standardizing processes and providing day-to-day direction as new initiatives are being launched—supporting the focus on quality, outcomes and cost.
Revenue Cycle Management
Cost pressures, compliance hurdles and technology changes are among the many disruptions to the healthcare revenue cycle in recent years as care models make the shift from volume to value. Financial success hinges on quickly and seamlessly implementing solutions to operational and financial performance gaps.
HealthTrust, through our affiliation with Parallon, has advisors to help healthcare organizations optimize their revenue cycle around the new normal—as we’ve already done in collaboration with hundreds of hospitals and thousands of physicians nationwide. Our team has answers on how to encourage prompt payment—and reduce collection costs and time—that translate into faster incoming flow of dollars while enhancing the patient experience with the collections process.
We have the operator expertise to ensure your organization has the right technology strategy in place—and that you deploy the most appropriate IT at a cost you can afford.
HealthTrust, through our affiliation with Parallon Technology Solutions, has advisors to properly align your IT spend and product mix with your organization’s strategy. The team is equipped with tools and a process that has been successfully used with IDNs around the country to evaluate and benchmark current operations, systems infrastructure, staff and expenditures; develop an IT roadmap; and assist with remediation and strategy alignment.