Schaefer Healthcare Advisory Services, LLC
Despite the concentration in healthcare, SHAS has project managed many other endeavors in other industries such as construction. Below is an outline of some of the areas that SHAS has been successful in.
Our approach is quite unique and simple. After an initial meeting to better understand the needs of your business, we will put together a recommendation for success in very specific areas and functions. The recommendation will include a "recipe" for accomplishment accompanied with customized reports, tools and/or dashboards for you to monitor the progress. No project is too small. Some may take longer than others.
- Experienced in a Wide Range of Business Functions
- Focus on Your Specific Needs
- Free Assessment of the Organizations' Potentially Troubled Areas
- Results Driven and Effectively Tied to Profitability
- An Affordable Approach to Sustain the Solvency of the Organization
A holistic approach of stepping away from your day-to-day activities of your business to determine the best direction for your organization. SHAS would assist in developing a plan to achieve those goals. Due to the amount of energy involved, strategic plans can take up to 1-5 years to come to fruition based upon the complexity.
To solidify their business, organizations may choose to expand their footprint in the marketplace in other local areas; expand their current business lines; and/or even add new business lines. This allows the organization to position themselves in growth mode while remaining solvent.
A detailed plan that allows for various departments to collaborate and build in accountability of specific actions to occur to ensure deadlines are met. Meeting deadlines is critical in getting projects completed on time and minimizing costs.
The "old way" of performing tasks in certain areas or departments doesn't necessarily guarantee that it is the most efficient and effective way. Analyzing the steps that are taken on a daily basis can assist the organization in modifying the way things are carried out in the most timely and cost-effective manner.
When an organization decides to expand, grow and or modify their operation, one question must be seriously considered: "is the proper infrastructure in place?" Management; employees; and other resources need to be carefully assessed when making substantial changes to the work environment.
It is vital that a steady stream of qualified candidates with specific skill sets are available to fit the exact needs of the organization. Activities such as hosting interviews, even when there is no availability in the current state, an organization can accumulate a set of ready to hire candidates.
Turnover is very expensive to an organization in which many costs are associated when an employee leaves. Such costs include severance, PTO payout, etc to the exiting employee. For the incumbent, training and time of current staff to assist adds to additional costs.
In reference to retention, many employees leave their positions due to the lack of direction and understanding of their roles and positions within the company. There are many ways to mitigate this uncertainty: robust orientation; one-on-one training; retaining; effective evaluations; seminars & webinars; and even communication from administration in presenting the organizations' goals and direction.
All of these do not have to be employed. Identifying the certain tactics would assist in instilling confidence in the employee to carry out their respective role and maximize the retention of management and staff.
Organizations are required by federal law to offer healthcare benefits to full time and some part time employees. There are others such as dental and vision coverage, etc.
There are other types of insurances that supplement the usual "cafeteria" plans. These include accidental death, extended hospitalization, cancer, extended disability and many more. Two advantages of these types of supplemental insurances include: 1, There is no cost to the employer and 2. The employees take advantage of low group rates. They can carry these low group rates with them even if a separation occurs with the organization.
On the business side of the organization, it is very important to understand and audit contracts that exist with both external and internal companies and individuals. Are both parties receiving what was agreed upon and are the terms being adhered to? Often contracts are signed by two entities but never reviewed for compliance.
This could lead to resources internally being consumed to rectify the situation and even getting attorneys involved to assist in settlement agreements. A close eye on the organizations' contracts can prevent future costs later.
Every fiscal year most organizations engage in putting together both operating and capital budgets. As the year progresses, it is prudent to see how the company is performing compared to budget on a quarterly and monthly basis. A variance analysis should be performed to determine which departments and/or lines of business should be addressed.
The appropriate management and personnel should formulate action plans to rectify large variances that are increasing costs. Waiting until the end of the fiscal year may be too late and the administrative goal of profitability can easily be missed.
"How well are we performing" Metrics should be in place to understand our respective business lines. There are many metrics that can be designed to fit your needs and accountability. The most pertinent ones need to be identified and reported to management on a regular basis, usually monthly.
Similarly, benchmarks assist us in comparing our metrics to other companies in the area, region and overall marketplace. This is used as a measuring stick to determine our success and/or downfalls.
Many different functions, there are more, have been briefly explained throughout this website. At Schaefer Healthcare Advisory Services, LLC, did not design it as an all-inclusive offering. In fact, it is more designed as an ala carte menu to suit your specific needs.
As mentioned, we will perform a free assessment of your business to assist you in determining is necessary to augment the health of your organization. Again, this is not limited to healthcare organizations.
Feel free to contact us at any time to make an appointment and we look forward to collaborating with you to enhance the durability and sustainability of your proud organization.
Phone: (716) 713-6102
Paul L. Schaefer
Schaefer Healthcare Advisory Services, LLC