Healthcare delivery is complex and evolving rapidly.   Transformative ideas and strategies are vital if providers are to continue to improve quality of care and provide better outcomes in the future, but funding pressures are always an issue.  The shortage of doctors and nurses, coupled with increased demand and expectation from patients, technological advances that push up costs, changes in reimbursements, an aging population, and the increase in chronic diseases, all provide obstacles to new healthcare opportunities.  Healthcare leaders must explore options for expansion and acquisition carefully as they plan for the future.  Many systems are also turning to alternative approaches to funding and organization in order to positively impact the future of care.  Proper allocation of capital is necessary to achieve an organization’s strategic goals.  Objective prioritization is essential for assessing the best use of capital, including identifying “value” to the organization.

 

One option on the rise is the opportunity for a joint venture partnership between physicians and surgical facilities.  When forming a partnership to joint venture a surgical facility such as an ambulatory surgery center or surgical hospital, there are many key elements to consider.  What are the legislative restrictions on the development and ownership of physicians in an ASC or Hospital?  Should the partnership include an equity partner and/or management company?  Should the venture include a health system partner and at what equity level?  What considerations should be given to the structure of the governing board to accommodate the different classes of owners?  These questions and more will be answered during this presentation.  A case study of a unique partnership that includes physicians, two health systems, and a management company will also be explored.

 

In the second part of this session, learn how to use objective-based capital planning to achieve strategic goals and objectives.  The presenters will delve into important considerations, including the importance of realistically presenting and examining all risks, opportunities, and eventualities.  Discussion will include methods of ensuring that your organization can ensure that it has adequate re-capitalization to extend the life of existing facilities, as well as plan for future new construction.