Facing a $53 million operating loss and at risk of violating bond covenant requirements, Southeast Georgia Health System (SGHS) engaged Warbird Healthcare Advisors to develop and execute a strategic turnaround plan for improved financial performance and better long-term sustainability.
Warbird’s team of experts conducted a rapid, in-depth assessment of SGHS’s operations, creating a turnaround plan that addressed its challenges and inefficiencies in operating costs, workforce shortages, denials management, patient throughput, managed care strategy and contract negotiations. Warbird then served as the implementation partner for SGHS to execute on the turnaround plan.
The partnership drove more than $49 million over a 15-month period:
Warbird Healthcare Advisors’ approach to performance improvement is designed to quickly but successfully transition healthcare organizations from study and assessment of opportunities to execution and results. This rapid transition is made possible by our operators’ ability to tailor our approach to match our client partners’ specific needs. Warbird’s practitioner-advisor model delivers guaranteed results that empower healthcare organizations to sustain financial and operational improvement, from narrowly focused performance evaluations to comprehensive turnarounds.