Opportunity within Change
We recognize that nearly 20% of our national economy is undergoing a radical operational and financial transformation and we recognize that our clients share the common challenge of navigating this unprecedented journey to higher quality at lower cost. For those healthcare organizations that wish to thrive in this new economy, a new level of dialogue and collaboration will be required where historic competitors will become allies, shared accountability will be the norm and markets will change in an instant.
Starting that dialogue with DHG Healthcare is the first step towards a responsible, productive and energizing approach to this shift. It mandates a partner that inspires courage and brings honesty, insight and a forward-thinking point of view.
Risk Capability: Beyond the Tipping Point
The healthcare ecosystem (including providers, payers and employers) is undergoing a radical shift from a traditional fee-for-service economy towards one that is value-based with vastly increased expectations for quality and cost. While the speed at which individual markets tip from one economy towards the other has varied, we believe that the healthcare industry, as a whole, has passed the tipping point. At this point and beyond, healthcare organizations will be facing greater risk for payment of services despite the impact to the organization, both financially and operationally.
We believe that risk capability is the new measurement by which healthcare providers will thrive or struggle. This demands the creation of operational playbooks that enable organizations in specific markets to advance towards risk capability. As illustrated below, these game plans are unique to each organization and market – and responsive to specific execution beyond the tipping point.
Read more about Risk Capability here.
The industry’s preparation for Risk Capability drives unique perspectives and approaches in Assurance, Tax and Consulting. With over 220 professionals dedicated to the healthcare industry, the resources of DHG Healthcare stand at the ready to assist our clients on their journey toward becoming more Risk Capable.
The DHG audit approach is a risk-based, continuous process with significant partner involvement throughout the year. As our industry transforms, our clients benefit from the technical acumen and transformational industry understanding of our audit teams. This skill and insight, coupled with the resources of the DHG Healthcare industry practice, enables DHG to provide assurance services that support our clients in the present, and in their journey toward Risk Capability.
Read more about our assurance services here.
The DHG tax approach is customizable to a client’s situation and market dynamics. This flexible approach enables DHG tax to define services that mitigate risk and maximize opportunity. Our current engagements typically involve targeted products and services such as 990 preparation and review, specific issue research, and arbitrage rebate calculations and related compliance.
As our healthcare tax clients progress on their journey toward Risk Capability, we have the capabilities to provide services to:
- Achieve financial regulatory compliance within a risk based contracting environment
- Execute and implement population health assessments (CHNA)
- Design, develop and execute tax appropriate strategies for Risk Capable organizations
Read more about our tax services here.
DHG Healthcare Consulting serves the continuum of care by bringing agile and innovative approaches to the complex business challenges that face healthcare organizations in their journey toward Risk Capability. We serve our clients via four focus areas:
- Enterprise Intelligence
- CFO Advisory Services
Recognized by Modern Healthcare as a top 20 U.S. healthcare management consulting firm, we understand the challenges in your market and offer the services required to meet demanding needs.
To thrive in the new economy, a new level of dialogue and collaboration will be required where historic competitors will become allies, shared accountability will be the norm, and markets will change in an instant. The breadth and depth of the DHG Healthcare Consulting team enables us to rapidly deploy multi-functional teams skilled in assisting our clients in addressing the key challenges of the day and advancing the transformational dialogue.
Read more about our consulting services here.