The hospital took part in scenario modeling, designing various scenarios that might occur under the healthcare reform law based on three years of encounter-level hospital data and local market trends, such as demographics, secular utilization trends, consumer insurance uptake and employer opt-out.
It also evaluated its performance and relative risk under six key dimensions: governance, strategy, profitability, liquidity/leverage, size and demographics correlated to hospital merger and acquisition activity
The hospital found it needed to identify an additional $30 million in annual margin improvements by 2017 to maintain its financial sustainability.
Objective Health details the steps it took when working with this hospital in a complimentary case study.
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