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Practice paper

Grappling with growth: A partnership journey

Imran Andrabi, David Olson, Chris Masone and Sarah Hereford
Management in Healthcare: A Peer-Reviewed Journal, 8 (3), 261-270 (2024)
https://doi.org/10.69554/ASDY7577

Abstract

While growth means different things to different organisations, the accelerating scale of consolidation within the healthcare industry indicates that innovation and flexibility will be paramount when developing future strategies. Driving long-term organisational performance requires dedication to mission-aligned, profitable growth. Today’s leaders are positioning their organisations to capitalise on present and future opportunities to drive improved systems of care and long-term financial success. But those opportunities may come in non-traditional forms with unexpected partners at times. When approaching growth opportunities, the best practice strategy for a growth-forward organisation relies on the results of five important steps: align, design, navigate, integrate and optimise. Once completed and the growth opportunity is clearly defined, deploying an effective governance structure and engagement strategy are critical next steps. With these steps completed, opportunity defined and the right team in place, execution and optimisation can begin. This case study addresses the importance of establishing guiding principles and define six to live by: trust and transparency, exceptional quality, innovative transformation, community focus, value creation and disciplined execution. With these principles to guide the way, the group envisioned the various partnership opportunities across the two organisations and prioritised a successful quaternary partnership and joint venture. The successful partnership continues to pursue benefits for partners and patients with improved access across the continuum of care and enhanced outcomes through better continuity and integration. Through openness to unexpected opportunities and the agility to pivot to those opportunities, healthcare leaders are enabling themselves to capitalise on present and future opportunities to drive improved systems of care as well as long-term financial success, as exemplified in this case study.

Keywords: joint venture; value based care; health equity; acute care; growth strategy; partnership

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Author's Biography

Imran Andrabi Dr Imran Andrabi, MD, FAAFP, is President and CEO of ThedaCare Inc. He is a dynamic, innovative, articulate, influential physician healthcare executive with a proven track record of leading transformative change. He has an extensive background in producing sustainable outcomes by developing innovative systems design, process engineering, utilising appropriate human and technology systems and lean/six sigma and TPS principles. Dr. Andrabi has expertise in strategic growth and market share development, clinical quality, academics, hospital operations, physician group operations, clinically integrated network development, population health management, analytics, data science, digital health transformation and investments along with clinical and financial turnaround.

David Olson Mr David Olson is a Fellow of the American College of Healthcare Executives. Mr Olson is an experienced chief strategy officer with a demonstrated history of working in the hospital and healthcare industry. He has strong business development professional skills in healthcare consulting, performance improvement, operations management, Medicaid and the healthcare industry.

Chris Masone Mr Chris Masone, Principal, FORVIS, is a healthcare strategist and proven professional with expertise in partnerships, strategic planning, physician alignment, data analytics, ambulatory planning and service line growth and optimisation.

Sarah Hereford Ms Sarah Hereford, MSHA, MSHI, is a Senior Manager at FORVIS. She is an experienced healthcare strategy consultant focusing on enterprise and service line strategic planning, partnerships, value-based care, stakeholder engagement, prioritisation and resource allocation, and project management for implementing and executing new strategies.

Citation

Andrabi, Imran, Olson, David, Masone, Chris and Hereford, Sarah (2024, March 1). Grappling with growth: A partnership journey. In the Management in Healthcare: A Peer-Reviewed Journal, Volume 8, Issue 3. https://doi.org/10.69554/ASDY7577.

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cover image, Management in Healthcare: A Peer-Reviewed Journal
Management in Healthcare: A Peer-Reviewed Journal
Volume 8 / Issue 3
© Henry Stewart
Publications LLP

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