Our principals, Steven Acree and Jonathan Gehris, are seasoned veterans of health care finance.
Steve was a college long distance runner and accounting major before becoming an auditor with Central OH BCBS. He and a senior colleague launched a boutique pricing analytics company, Quest Health Enterprises, in 1991. Steve developed the company’s OP pricing algorithm and was President of the firm.
Steve has built-out our algorithmic analytical capability with a third generation suite of tools for financial modeling, pricing, the charge master, and predictive analytics.
Jon played college baseball and basketball, and majored in psychology before serving in the Army Medical Service Corps. He negotiated long-term service contracts for a subsidiary of American Hospital Supply before launching a start-up which he later sold to a national company. Jon was the Senior Vice President for QHE and has been in the financial software arena since 1996. He is also a serial entrepreneur.
About your Hospital Consultants
Q4400 Financial delivers strategies, tools, and solutions that help hospitals turn challenges into opportunity.
The new health care is driven by technology, consumerism, and constant change. Central to financial and operational success is streamlining and optimizing Patient Experience which we know is the currency of patient loyalty and new growth.
Patient Experience data also has value when assessing service line change and variation in your book-of-business.
Overarching goals are to generate more revenue and grow net revenue strategically, model revenue drivers on an ongoing basis, measure the net revenue impact of purposeful or potential change, and position the hospital favorably in its market. Additional goals could include growing select service lines based on data, launching new wellness initiatives in the communities you serve, partnering with others where it makes sense, and strengthening brand.
More Big Picture change will create new challenges but also provide new opportunities. Yes, health care today has more moving parts, and having meaningful data-driven deliverables is essential to financial and operational sustainability.
We believe a Road Map must include:
- A digital strategy to enhance Patient Engagement and meet Patient Expectations
- A proven way to deliver favorable Patient Experience that produces authentic testimonials and social media shout-outs
- A strategic charge master
- Ongoing financial modeling of KPIs
- An ability to forecast the net revenue impact of potential change
- A streamlined approach to real-time coding that minimizes denials
- Scoring payer performance to produce actionable intel
- Measuring select service lines for value-based reimbursement opportunities
- Lower costs wherever possible without constraining service or staff enthusiasm
- Drilling-down to the real cost of each service
- Launching data-driven wellness initiatives and branding campaigns
- Identifying new market opportunities, including possible partnerships
Health care is a personal experience for each patient. Providers routinely deliver outstanding patient outcomes and new health solutions based on cutting-edge research.
Our passion is helping senior leaders achieve greater financial and operational success in the communities they serve. We are data-driven problem-solvers, conceptualizers, and seasoned consultants with “experiential knowledge”
See what ‘Q’ can do for you!