What's your strategic plan?

The Simione - HHS merger offers more resources as your agency develops its own strategic plan

Looking at 2020 in the rearview mirror may sound like an attractive option to most of us right now, but do you know which direction your home health or hospice agency is headed from here? Having a strategic plan, a road map for where you’re going, is crucial for the long-term profitability of your agency, according to two leading experts with decades of experience in the post-acute health care industry. This week’s merger between Simione Healthcare Consultants and Home Health Solutions can help agencies move ahead with their own strategic planning, according to William J. Simione III, Managing Principal at Simione, and J’non Griffin, Founder and President of Home Health Solutions. The merger allows Simione, the majority owner, to offer an expanded scope of business services to help home health and hospice agencies move ahead. “One of our goals at Simione is to help position strategic-thinking organizations so that they can thrive in changing environments,” Simione said. “We facilitate the development of a strategic direction for many organizations every year, helping leadership teams and boards of directors identify priorities and potential opportunities for both short-term and long-term business growth.” Setting the example Simione and Home Health Solutions led by their own example this week, announcing their Aug. 1 merger as part of a strategic plan for each to broaden professional service offerings and expand market reach. The strategic alliance positions the new organization to offer an impressive array of professional services, adding top-flight coding and OASIS review services from Home Health Solutions to Simione’s industry-leading consulting in clinical and financial operations, cost reporting compliance, data analytics, growth solutions, information technology and project management, talent management, and mergers and acquisitions. A team of strategists Simione is recognized throughout the industry for its market intelligence, analysis of industry trends and implementations support for post-acute organizations working to achieve organizational growth. Having Home Health Solutions in the fold offers an additional opportunity to provide coding and OASIS services to organizations seeking to control costs and maintain high quality as part of a strategic organizational plan, Simione said. If you’re ready to get started on your agency’s own strategic plan, here’s a short list of some of the help we can provide:

· Board development and strategy sessions

· Industry trend research and market analysis

· Creating your business development plan

· Feasibility studies

· Clinical and financial due diligence

· Business valuations

Online expertise for future planning Be sure to plan to attend Simione’s Leadership Summit 2020, a three-day online event planned for Sept. 29-Oct. 1 from 1 p.m.- 5 p.m. each day. Experts in multiple business disciplines will conduct a conversation about making sense of 2020 and creating a solid future in an industry primed for growth. Click here for more information.