Services for Academic Medical Centers

The Insight team has the expertise to help academic medical centers respond to complex challenges while still maintaining their commitment to medical education, research, high-quality patient care and access for the indigent population. We have helped many academic medical centers improve the strategic, operational and financial performance of their hospitals, faculty groups and health plans.

Our services include:

PERFORMANCE IMPROVEMENT

• Determine how to improve productivity, develop reporting systems that facilitate improved financial accountability for clinical and academic programs
• Improve performance of faculty practice plans
• Ensure revenue potential maximization via charge capture, medical record documentation and care coordination functions
• Assess and develop physician compensation plans

FUNDS FLOW ASSESSMENT

• Analyze time, effort, payment for services and strategic support by using mission-based allocation of funding and resource consumption as the guiding principle
• Confirm the appropriate funding level (by mission) through reviewing all sources and uses of funds for:
  • Clinical practice income
  • Mission-critical strategic support
  • Administrative time
  • Teaching and research support
• Recommend changes in funds flow between the hospital, medical school and physicians (faculty)

SHARED SERVICES ASSESSMENT

• Provide labor benchmarking
• Provide cost benchmarking
• Conduct detailed departmental reviews
• Identify savings opportunities

FACULTY PRACTICE PLAN REVIEW

• Analyze patient access
• Develop physician productivity analysis
• Conduct staff productivity, operating expense analyses and determine potential savings
• Analyze staff productivity and operating expenses and determine savings opportunities
  
• Determine the optimal reimbursement methodology - hospital-based or hospital clinic

STRATEGIC PLANNING

• Develop plans and models for expanded product lines or faculty expansion by specialty and practice
• Evaluate facilities and operational readiness
• Develop financial models for new physician ventures