To prepare a comprehensive strategic plan, providers should start with the demographics and a competitive market assessment. Identifying opportunities for growth in services and consumer needs will guide the five-year plan. These services include:

• Renovating and expanding existing communities
• Adding new campuses
• Adding affordable housing
• Adding wellness facilities, restaurants, clinics, etc.
• Revenue diversification
  • Home-based services
  • Community-based services

Developing strategic planning tools and processes on your own can be labor-intensive. Working with BKD to employ tools and strategies offers leadership a cost-effective option to better manage the anxiety of starting and completing a strategic plan.

Organizations must continue to develop relationships with other organizations in their markets to effectively serve their consumers and fulfill their missions. Care coordination with hospitals, home health agencies, physicians and specialists is essential to remain relevant. Your BKD advisor can help you navigate new payment arrangements and the ever-changing payment reform environment by addressing:

• Gainsharing and collaborating agreements
• Preferred provider relationships

Providers must evaluate community risk areas and continually strive to improve performance for the safety of their residents, employees and visitors. Annual evaluation areas include:

• Billing and coding
• Compliance
• Cybersecurity

Our teams help clients:

• Assess the market
• Evaluate the organization
• Develop a comprehensive plan to adapt to consumer needs, engage their workforce and produce strong financial results
• Implement the plan Monitor the plan
• Achieve the desired results
• This structured process helps providers remain relevant and fulfill their mission.