The final strategic operations assessment of University Medical Center, Inc. (University Hospital | James Graham Brown Cancer Center) is now complete. The report identified key recommendations to improve operational, clinical, and financial efficiency.
The report identified key recommendations to improve our operational, clinical and financial efficiency. The “big picture” recommendation states that, “Even with operational and strategic improvements, the economic viability of University Hospital is questionable at best.” Dixon Hughes Goodman, engaged by UMC to analyze its operational performance, believes that University Hospital should explore partnership opportunities in conjunction with the following improvements to make itself a more suitable partner:
- Find a partner that enables UMC to increase access points and expand primary care physician base.
- Develop a strategic plan with a revitalized organizational mission and vision.
- Pursue 3 to 5 LEAN initiatives for operational, economic, and cultural improvements.
- Engage with ULP to promote closer alignment and integration.
- Pursue service line growth initiatives with support from University of Louisville Physicians.
- Evaluate the organizational structure to ensure aligned incentives for all parties.
- Assign individual ownership to each improvement initiative.
Bob Rounsavall, Chairman of the UMC Board of directors, said “I would like to especially thank the members of the Governor’s cabinet, Mayor’s office, and Metro Council for their thoughtful input as we worked through this process. The collaborative effort gives us a better understanding of what the organization is doing right, as well as the significant challenges we face as a stand-alone urban hospital serving two critically important missions; a teaching hospital and safety net provider, with a larger than average share of charity care.”
To view a copy of the final report (click here)