Targeted Margin Improvement

We diagnose your eroding hospital margins and address root causes to improve your financial performance.

We unify your raw data and make profitability visible at the individual patient level. We classify each account into our customized Millwood inpatient & outpatient groups to create consistent service line Margin Insight. We identify clinical services which are generating losses and your most successful services to improve your margin.

Using our years of industry knowledge and our Tweaking the Equation playbook, we lead thoughtful data-driven discussions to convert information into action.

By fixing things that are broken, rather than cutting costs haphazardly, leaders can best ensure continuity of their organization's mission into the future.

What We Do

Our team provides insight and expertise to achieve sustainable margin improvements that last. By fixing things that are broken, rather than cutting costs haphazardly, leaders can best ensure continuity of their organization's mission into the future.

We:

• Unify your raw data across multiple systems

• Categorize your inpatient business into inpatient DRG groups (Millwood30 & Millwood150)

• Segment your outpatient business into similar treatment, payment and referral sources, making the groupings useful for outpatient service line planning & tracking (Millwood outpatient group)

• Make profitability visible at the individual patient and service line level

• Diagnosis margin-eroding service lines

• Adjust the “equation” for the least profitable services

  • Good volumes versus bad volumes

  • High cost inputs

  • Underpaid opportunities

• Identify growth opportunities for most successful services

• Predict the change impact

• Implement unique & proven solutions

• Formulate the plan to effectively execute

We don’t:

Focus on staff reductions which often don’t produce lasting results

Our Approach

We have a holistic approach to margin improvement with integrated financial, operational, and clinical data to accurately inform decisions and effectively execute.

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