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Continue LogoutTo thrive in the consumer-oriented ambulatory market, providers need to meet three consumer demands: service affordability, on-demand access to care, and a more tailored service approach.
This study outlines how to profitably meet these demands by building a competitive, coordinated, and high-performing ambulatory network.
Rising consumer price sensitivity has spurred many organizations to react with global price cuts—a strategy that can undermine system growth. Instead, offering targeted discounts that price-sensitive patient can self-select into can actually help sustain revenue.
There are two steps to creating a tailored pricing option. First, providers need to establish a less-expensive service option. Then, they need to selectively promote the lower-priced services to patients seeking affordability. Read more
Primary care and the emergency department are too inconvenient or too overpowered for immediate, lower-acuity patient needs. As retail clinics, urgent care centers, and virtual visits continue to attract business, providers will need to carefully select the asset or corporate partner that appeals to target populations, and then integrate that asset into the broader health system.
Once you've determined whether (and which) on-demand care sites are right for you, you'll need to maximize them by generating profit at the point of service and converting patients to necessary downstream services or ongoing system relationships. You can accomplish this through smart site location (and co-location), effective patient triage, hardwired referrals, and strategic partnerships. Read more
Primary care delivery for ongoing or routine services is too inflexible to suit variable patient demands for customized care. Some patients want quicker, remote appointments for low-severity conditions, while others prefer lengthier in-person consults with a physician for most needs. Despite their differences, both groups are equally willing to pay for a better and more customized service standard—and health systems can employ two strategies to meet these demands and grow their business.
First, systems can increase per patient direct revenues via premium payment models—such as concierge care and virtual care paid for out-of-pocket. Read more
Second, systems can increase the supply of clinical care to satisfy demand for basic primary care services. By offering virtual visits for conditions that do not warrant an in-person visit, systems can make room for new patient volumes while delivering benefits to existing patients and physicians.
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