Rising inter-sector competition and the commoditization of post-acute care have made it essential for post-acute care (PAC) providers to differentiate themselves from competitors. Many have embraced specialization — the creation of focused, high-performing clinical service lines — to better define their value.
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The most common option for specialization is to focus on one or more diagnoses, though it’s not the only option. Providers can also specialize in treating select impairments or even patient groups, such as exceptionally high-acuity patients.
Specializing can help facilities maintain and grow patient capture by:
While specialization offers a host of potential benefits, the proliferation of specialty programs makes it difficult for any program to stand out to referrers. When many providers advertise a specialty, referrers must take the initiative to separate true specialty programs from marketing endeavors.
In order to improve patient outcomes and drive referrals, a specialty must be a cohesive business venture involving significant investment of funding and human capital. The key elements of a high-quality specialty are:
Progressive providers identify overlap between existing organizational strengths and emerging market needs. Before specializing, consider your organization’s:
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