Change Package Strategy 7: Construct Solid Business Practices that Support Your Purpose
A well-run nursing home excels as a business yet feels like home. It seeks ways to effectively manage the bottom line with integrity and with the resident as the focus. It runs efficient operations; invests in equipment and supplies to provide the highest quality care; and ensures that its physical and outdoor environments are comfortable and inviting.
To construct a solid business practice that supports your purpose and accomplishes this goal, Strategy 7, the last in the National Nursing Home Change Package, provides three change concepts:
7.a. Seek strategic and creative approaches to expand your resource base to meet your mission and serve your residents
7.b. Maximize your efficiency.
7.c. Ensure you are making the most of your physical assets.
Together, these strategies and change concepts, along with supporting action items are designed to lead to improvement.
For example, here a few of the action items created to help implement Change Concept 7.a.:
- Be a valued partner to payers and other parts of the healthcare system by demonstrating the high quality of care you provide, opening the doors to your participation in new care delivery and payment models.
- Engage senior leadership in exploring opportunities to search for alternative revenue streams that are in line with the facility’s values and mission.
The change package is loaded with many more ideas like these. Go here to download your copy.
Learn more about how atom Alliance is helping nursing homes in Alabama, Indiana, Kentucky, Mississippi and Tennesse implement Change Package Strategy 6.
