Service Line Strategy
Organizations can generate incremental margin opportunities of 10-15% by developing new service lines and programs. Progressive Healthcare has recently helped a health system develop a regional pain management program. Our work included:
Redefining roles and clinical responsibilities at five hospitals
Acquiring and integrating independent pain centers
Developing a physician led governance management model
Standardizing operating policies and procedures
Selecting and implementing a common software solution for the pain management program
Client realized over $5 million direct margin though increased surgical and imaging volumes.
Progressive Healthcare’s Service Line offerings:
Understand clinical services and programs
Identify and grow profitable services
Use new operating and care delivery models to mitigate losses on unprofitable services
Generate profit today from chronic care, wellness, and preventive care programs
Generate signficiant margin from comprehensive, outpatient, 340B pharmacy program