Hospital Crisis Intervention
New Jersey hospital’s are in the midst of unprecedented financial pressures that have resulted in bankruptcies, closures, sales and mergers. DKA has worked with hospitals to dramatically improve the cash available to hospitals, without any significant change in quality or scope of services. Some of the key initiatives include the following areas:
Service Line Management
DKA will assist hospitals with an evaluation of each service line and provide recommendations to maximize efficiencies, modify scope of services, joint venture partners, or orderly closure of service.
Access to Ongoing Cash
DKA has partnered with prestigious national companies in specific areas expertise to assist hospitals with the initiation of managed care audits of closed accounts, sale of closed bad debt accounts, revenue cycle charge capture, coding and clinician documentation, strategic pricing, and pharmacy cost controls.
Monetization of Assets
DKA has worked with large hospital systems to assist with the sale of medical office buildings, sale/leasebacks of ancillary service and medical office buildings, sale of ancillary service lines such as home health, infusion therapy and pharmacy services.