Today, healthcare is among the fastest-growing industries across the world. Opening a successful medical facility depends on various factors based on the health care needs of the target population. Setting up a successful medical facility is a challenging undertaking and provides something beneficial to society. But for a medical facility to be considered successful, a detailed and precise plan is required from the start.
Several factors have to be considered in driving the facility into success. The following are five of the most essential:
Negotiating with payers
Setting up a successful medical facility entails many considerations that will be instrumental in delivering effective and efficient healthcare services. Running a hospital can be very expensive, especially in private medical facilities with exceptional quality of care. With high medical costs associated with health administration, especially in private medical facilities, patients might shy away from such medical facilities due to the fear of incurring high medical costs.
This calls for a medical facility to engage the insurance companies. Many choose to do so with the help of a healthcare consultant. A healthcare consulting firm helps providers negotiate better contracts with payers. This implies that the insured patients will be billed based on the discounted fair rates negotiated by the hospital on behalf of the patients. This is likely to promote better and cost-efficient healthcare services, thus enabling a successful medical facility.
Staff hiring in the healthcare sector is a very critical factor that should be given great attention. The kind of staff hired determines the quality of services the facility will be offering. Therefore, it’s important to hire staff members who are knowledgeable, skilled, and experienced to provide quality healthcare facilities.
Other factors to consider while hiring healthcare workers include communicating well with patients, being empathic or compassionate, being a resilient, problem solver, and being an advocate for patient safety. All these attributes are likely to promote quality healthcare services, thus promoting success within a medical facility. In order to maintain consistency, it’s also crucial to keep employee turnover to a minimum.
HIPAA and HITECH
Over the years, patient information has attracted integrity and ethical issues within a healthcare facility. Therefore, it’s crucial to observe HIPAA and HITECH regulations while setting up a new medical facility. These ensure Personal Health Information (PHI) doesn’t end up in unauthorized or wrong hands by preventing access, exploitation, and dissemination of patient health information.
The HIPAA and HITECH sets of regulations are designed to guarantee medical information privacy. This is among the top priorities within the healthcare industry. Observing such implies a high level of professionalism among the health care workers, thus setting the pace for a successful medical facility.
Licensing and certification
Like any other business, a healthcare facility, whether profit-making (private medical facilities) on non-profit making, requires licensing and certification. This will ensure that the issuers of the healthcare facility have complied with the adequate degree of competency necessary to ensure that the safety, public health, and welfare of the patients are well taken care of.
The primary objective of the certification is to measure the ability of healthcare to conform to the predetermined standards of the healthcare industry established by veritable agencies within the healthcare field. This is likely to promote trust and confidence in the medical facility with its customers (patients). Working within the healthcare jurisdictions and measures is expected to promote better healthcare facilities leading to a saucerful medical facility.
Location is among the critical factors while setting up a new medical facility. The promoters of the medical facility have to look for the most suitable building or plot to set up the facility. This is because location affects easy accessibility by the patients, which is a critical requirement that should be given topmost priority for convenient services towards public members.
Therefore, such a medical facility should be located in a place that is easily accessible to many people living around. This will save them the cost of traveling far away to seek medical services. Such a place should be away from any form of disruptions, such as around industries that might cause disturbance to the patients. The location should also be cost-effective in terms of rent payable. This is likely to attract a larger pool of patients who might be seeking different healthcare services.
In conclusion, medical costs are the primary determinant of a successful medical facility. Thus, the promoters should look at the importance of negotiating fair terms with payers (insurance companies) to promote affordable quality services supported by the other factors explained above.