PYA and Grassi Healthcare Advisors (GHA) have dispatched Calibrated Performance™, an assistance line intended to help healthcare suppliers react to difficulties brought about by COVID-19 and other monetary stressors. While any supplier may profit by Calibrated Performance, given the pressing necessities of post-intense, gifted nursing (SNF), and senior consideration offices in the wake of the COVID-19 pandemic, PYA and GHA are first dispatching Calibrated Performance for SNFs.
Calibrated Performance is an exhaustive set-up of warning arrangements that utilizes information examination and industry best practices to assist suppliers with recognizing shortcomings and accomplish authoritative objectives. Fueled by information, innovation, and healthcare ability, these administrations incorporate operational and monetary evaluations, benchmarking, business knowledge devices, income cycle uphold, cost control, and money the executives plans.
"Even before the COVID-19 pandemic, SNFs were facing varying levels of financial difficulty," said PYA Managing Principal of Consulting Services David McMillan. "But a recent industry report shows that many SNFs may now be on the verge of financial collapse. We recognize the dire need to assist SNFs in a comprehensive, strategically informed manner. Calibrated Performance sets forth an actionable plan, informed by data—but not blindly led by data, to help these organizations regain stability."
"Our combined team brings the full resources of clinical, operational, financial, and strategic expertise to assist our clients through this challenging period," added Joseph Tomaino, GHA CEO. "With internal resources stretched so thin, we can offer the guidance and support needed to put an organization back on the right path and keep it moving forward."
With Calibrated Performance, PYA and GHA work with SNFs and other healthcare providers to create customized Success Plans—sequential 12-week action plans—with a goal of improving financial and operational health. The plans follow a three-pronged approach:
- Resource utilization through cash management and cost efficiencies
- Value realization through optimized revenue streams
- Capital rationalization through strategic realignment and effective use of existing/new funding sources
An exclusive offering of PYA and GHA, Calibrated Performance is driven by both firms' decades of healthcare strategy, operational, and financial performance experience, coupled with contemporary data utilization.
About PYA
Serving clients in all 50 states from offices in Knoxville, Nashville, Atlanta, Kansas City, and Tampa, PYA is consistently ranked by Modern Healthcare as one of the nation's Top 20 healthcare consulting firms and by INSIDE Public Accounting as one of the nation's "Top 100" Largest Accounting Firms.
About GHA
GHA is a team of business, clinical, and financial professionals who specialize in helping skilled nursing facilities improve revenues, enhance resource utilization, and secure funding to achieve greater sustainability and profitability. This multi-functional approach is supported by the team's first-hand experience and in-depth understanding of the healthcare environment, care delivery design, revenue cycle, and regulatory compliance. GHA is an affiliate of Grassi Advisors & Accountants, the 67th largest accounting firm in the nation.