"KBC Bank's long term relationship with The Hospital of St. Raphael came to a successful close upon St Raph's merger with the Yale New Haven Hospital. We at KBC credit the "Bridge Plan" as the key tool in delivering St. Raph's from the depths of illiquidity and loss operations to become a stabilized, attractive candidate for merger. The "Bridge Plan" proved to be a multi disciplined yet highly focused working plan for enhancing revenues, creating efficiencies and cutting costs while assuring maintenance of quality care delivery. Designed by deeply knowledgeable hospital professionals, the "Bridge Plan" drove measurable results in the short to medium term. The "Bridge Plan" proved expandable, continually refreshed and building on itself. The "Bridge Plan" as process provided a discipline but in the hands of its hospital savvy creators went beyond to become a full blown, dynamic program for improvement. This "Bridge Plan" is not consultant speak. It is absolutely hospital specific, remarkably practical, and strikingly impactful of financial outcomes. Many thanks to its creators."
KBC Bank, Managing Director
These plans help establish organizational goals, organize the managers and directors to achieve individual and organizational targets, and redesign operations to encourage efficiency and change management.
The sophistication of the planning process for capital varies across hospitals, the funding is increasingly challenging and the need for capital is never ending.
Hospital systems, including hospitals, affiliated organizations and related medical groups often need a short-term strategic focus for management during a budget year. We refer to this as a 100 Day Plan.