We research and develop successful strategic, business, and turnaround plans for psychiatric hospitals and inpatient units, residential treatment facilities, behavioral health programs, mental retardation and developmental disabilities agencies, and more. Each company's situation and needs are unique, so our approach is always customized. Our methodologies are constantly refined and improved.
Our strategic or long range plan results in a practical management tool to reach clearly defined business, program, mission, and market objectives. We approach planning as a collaborative process informed by industry knowledge and a tested array of tools, for example:
Internal Assessment: surveys of Board, management, staff; utilization trend; payer mix; staffing; skills; systems; facilities and technology; organizational culture
External Assessment: market research; future service needs; competition; legislation; government funding and mandates; politics; stakeholder survey; acquisition opportunities
Analysis: strengths, weaknesses, opportunities, threats (SWOT); portfolio; quantified demand over time
Strategic Action Plan: objectives, strategies; time frame; responsibilities; status reports
Our involvement in developing a business plan for new behavioral health facilities or programs is based on strong industry knowledge, extensive start up, and senior management experience. With our help, an enterprise gains critical input regarding projected census, absorption rate and utilization over time, start up costs, payer mix, future breakeven, pricing, and licensing issues. In addition, we provide recommendations regarding Medicaid, Medicare compliance, state funding options, location, and marketing.
When the business plan is viable, we can help owners and Boards access investors, partners, and capital.
When the focus is growth, diversification, or integration, we work with qualified clients interested in researching and structuring a business development plan. Our knowledge of the behavioral and specialty health care field will accelerate the process of finding suitable targets and closing on small to mid size acquisitions, mergers, and management agreements. More about mergers and acquisitions...
We know how to make it work: growth, new markets, new payers, new services and products. Please contact us in confidence if you want more information about our planning services.