At the outset of our relationship, Meridian partners can expect to undergo a "Current State of Operations Assessment." In the case of an ASC acquisition, this assessment is based on the analysis of data that we pull from the existing ASC and physician's office. For de novo situations, we examine data from the physician's practice.
In either case, we work with current systems to collect data. That data is then analyzed for three reasons:
- To determine current status of operations and finances
- To assess improvement opportunity
- To develop the strategic plan for the center
The data will tell us exactly what we need to know, and from there our team works hard to effectively explain the findings to our physician partners. Together with those physicians, we develop a strategic plan that will allow us to mutually accomplish our respective definitions of success.
It doesn’t end there.
We measure our success every day. We are consistently evaluating our performance and the success of the PEAK approach. We accomplish this by benchmarking our centers against each other as well as the rest of the industry. We collect data from the centers, our patients and our physician partners to track financial, operational, and quality indicators. After careful analysis of the indicators, we are able to generate an aggressive, executable action plan allowing us to optimize our resources to achieve desired results.
We spend time with the physicians and clinicians at each center every month to present the data to determine future focus and next steps for the partnership.