CASE STUDY
CLIENT: 270-Bed Inpatient Replacement Hospital and Ambulatory Care Center
Using standardized metrics allows our clients to measure and value the performance of their assets. We are developing unique management frameworks that allow health systems to scenario-test investments on a portfolio level, as well as comparatively measure each initiative’s potential operational impacts and fiscal returns. This analysis forms the basis for a prioritized asset strategy.
SERVICE: Strategy
EXECUTIVE SUMMARY
METHOD: Physical Asset Valuation Matrix
After a robust acquisition and consolidation campaign, a regional healthcare system found itself saddled with a massive physical assets portfolio, many of which were under performing. As senior leaders focused on re-examining their clinical services,
Challenge
developing new capabilities, and reducing costs, they recognized that they needed a
A healthcare system wanted to replace its current facilities to improve clinical capacities and better serve the needs of its community. As senior leaders began to evaluate sites, they realized that comprehensive comparative evaluation of each location and market was essential to supporting a strategic decision of this magnitude.
comprehensive real estate strategy to support the mission of the organization and to position them for growth. Senior leaders also recognized that the comparative frameworks they used to value individual care sites needed to be comprehensive, focusing not only on the current and projected market real estate value of each asset, but also on the operational value of those assets to the health system and to the communities that they serve. Through the integration of market intelligence, predictive analytics and operational
Solution
and organizational analysis, Array designed and managed a process that yielded
Through prescriptive analytics, Array’s platform provides the system’s senior leaders the ability to test and visualize the decision ramifications of not only individual site selection processes, but also potential service line optimization, market improvement and revenue enhancement in a dynamically evolving business landscape.
testing. Knowing that the client’s long-term investment strategy will have
PROJECT HIGHLIGHTS
a unique, comprehensive, integrated platform for decision modeling and scenario
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broad implications for both the organization and the community, we created a communication plan to foster collaboration and engagement. The data visualizations that power the decision modeling platform also form the foundation of the communication plan, as they convey complex analytics and impacts in a simple, focused manner.
MAJOR VALUATION STRUCTURES
14
INTEGRATED DATA SOURCES
47
ASSETS DYNAMICALLY COMPARED