Situational Audits

Analysis of organizational strengths and weaknesses related to trends in the marketplace and identification opportunities and methodologies for refinement and enhancement of a competitive position. A situational audit is a valuable tool to be used when looking at any major adjustments or changes to the service line, capital investments or re-engineering project.

The situational audit focuses on a single hospital, health care system or unit related to:

Regulatory compliance
Financial structuring based on TEFRA
Case mix identification
Payor mix
Staffing mix and reporting relationships.
Quantitative analysis of programs related to strengths, vulnerabilities, image and competitive positioning.
Identification of opportunities for enhancing market penetration.
Identifying areas for program and operational refinement or expansion, including an assessment of organizational administrative structure related to efficiency of operations, care delivery and continuum utilization.
Conduct and analysis determining both the cost/benefit of care delivery and projection of revenue/expense ratios.
Report optimal integration as a key venue along the system's continuum of care.

Murer Consultants has written and presented on this and other financial topics.