One in three rural hospitals may be forced to close their doors in the next decade.2 With guidance from an experienced healthcare financial consulting partner, it doesn’t have to be yours.
While only 83 rural hospitals in the U.S. have closed since 2010,1 nearly 700 more face the same possibility. You know the reasons: lower reimbursements, rising bad debt, worker shortages and competition from newer regional facilities, to name a few. Most likely, you feel the pain of some or all these issues in your own organization.
While business as usual is not an option, many rural hospital executives simply don’t know where to turn for help. They often assume financial consultants are cost-prohibitive, don’t understand healthcare and certainly can’t relate to a small-town hospital’s daily challenges. The truth is, the right financial consultant can help rescue rural hospitals and communities they serve.
Just as hospitals’ problems and needs have changed dramatically in recent years, so has one consulting company’s approach. Warbird Consulting Partners is different because it’s made up of people who have been where you are and faced the same problems you face. Their consultants are former CEOs, CFOs, CIOs, revenue cycle directors, AR managers and other key players in hospitals of all sizes. They know the issues, they speak your language and they know what to do to get you back on track.
Warbird’s other big difference is cost. They know cash-strapped hospitals can’t afford big consulting fees. On performance improvement engagements, they provide flexible pricing options including charging a percentage of the results they deliver. By sharing in the upside, Warbird has skin in the game. If they don’t deliver, you don’t pay.
One in three rural hospitals may be forced to close their doors in the next decade.2 With guidance from an experienced healthcare financial consulting partner, it doesn’t have to be yours.
Contact us today to see how we can help you.
Contact Info
Michael Draa, CEO
404-496-5230
mdraa@warbirdcp.com
Doug Fenstermaker, Senior CFO
404-496-5230
dfenstermaker@warbirdcp.com
[1]Ellison, Ayla. “State-by-state breakdown of 83 rural hospital closures,” Becker’s Hospital CFO Report, January 26, 2018.
[2]“New report indicates 1 in 3 rural hospitals at risk,” National Rural Health Association, February 2, 2016.