Many PAC providers already consider themselves specialists, but there is still significant space for them to create well-defined, high-quality clinical service lines. To be successful, a specialty must represent a cohesive business venture rather than simply a marketing endeavor.
When a specialty line is built effectively, and is well integrated with a hospital partner, it has the potential to drive volumes to such extent that the facility or unit simply cannot accommodate all referrals. If the facility is unable to capture those volumes fully, they will not see the full benefit of their investment.
Continue reading to learn how Alden Estates at Skokie, part of The Alden Network, has achieved that level of success with their specialty: simplehip and knee replacement. For more tactics to build and support specialty lines, download our research report excerpt: 10 Tactics to Ensure Specialty Return on Investment, Part 1.
The Skokie facility generatessignificant interest among physiciansand patients because it is an attractiveoption clinically with a full range ofamenities. Due to limited capacity andstrict clinical criteria, however, thefacility cannot accept all interestedpatients.
To ensure that The Alden Network doesn't lose thosevolumes, system's leaders have built aplan to redirect patients unable to go toSkokie to other skilled nursing facilitiesin the Alden system. In other words, they are capitalizing on the spillover success of their facilities, Alden Estates of Skokie.
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To derive benefit from a specialty line’sspillover, an organization mustsuccessfully achieve four goals:
For more tactics to build and support specialty lines, download our research report excerpt: 10 Tactics to Ensure Specialty Return on Investment, Part 1
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