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Octave helps hospital and health system executive leaders and governing boards identify, prioritize, and mitigate the challenges of strategy, growth, compliance, succession planning and access to capital.
For hospitals facing immediate challenges, we specialize in turnaround services, including access to capital, rapid savings opportunities, and advisory services. Our experts bring deep expertise and access to alternative models, and when necessary, lead organizations through restructuring to achieve ongoing viability.
Octave Leadership Advisory helps governing boards and leadership teams set organizational strategy, and focus on world-class clinical service and patient experience while staying true to the constant pursuit of a strong cornerstone for governance and leadership.
In working with Octave, Springfield Hospital in Vermont went from having one day of cash on hand to over 40 days cash and $18 million in net income.
For a small Midwestern hospital, Octave identified a false claims issue due to incorrect coding and billing and worked with the hospital to return the excess funds.
Octave Leadership Advisory Services provided the strategic plan for Gritman Medical Center to launch a general surgery program, which received 775 patient visits in the first four months after opening the practice.
Elevate is the “quiet engine” that powers the operations of hospitals and health systems and drives efficiencies in contract, spend and leveraged savings opportunities.
We help hospitals achieve supply chain cost savings of up to 12 percent as members of a 50-billion-dollar group purchasing organization. Hospitals retaining their independent purchasing authority renew their agreement at a rate of nearly 100 percent.
Elevate delivers an average supply savings of 10 percent across the entire Ovation Healthcare portfolio.
Elevate leverages market KPIs and analytic capabilities to identify 6 percent savings in purchased services.
Elevate utilizes a dedicated specialty channel to secure fill rates of 98+% for drugs at-risk of supply shortages.
Through labor benchmarking and staffing-to-demand analysis, a 12 percent reduction in annual labor expense was identified and implemented in radiology across two hospitals.
Amplify reduces the cost to collect reimbursement from government and commercial payers. We accelerate and optimize collection in your revenue cycle performance.
Our revenue cycle management services help hospitals and health systems achieve scale:
In one year, Amplify partnered with Lawrence County Memorial Hospital, a 25-bed critical access hospital in Illinois, to increase collections by $3.1 million when adjusted for revenue—an increase of 16.5 percent in the gross collection rate.
Through their work with Amplify, Abbeville Area Medical Center increased collections by $1.1 million above what they collected in the prior year in addition to a volume increase of 14.9 percent.
Amplify worked with a hospital in the southwest to improve current payer contract performance, yielding approximately $4 million in additional revenue.
In working with Amplify, Cody Regional Health decreased AR greater than 90 days by 56 percent, decreasing the volume of AR over 90 days by 75 percent.
Amplify worked with a national physician group to help fuel expansion to new states and improve overall RCM operations, resulting in a 17% YOY increase in collections.
Amplify worked with a 240+ bed system consisting of two hospitals and multiple outpatient facilities, increasing the self-pay cash collection rate by 155 percent and improving annual cash flow by more than $4 million.
Tempo provides healthcare organizations with managed IT solutions that help reduce cost, increase reliability, and satisfy users.
We offer professional and managed services around application support, security, and infrastructure management as well as cost optimization at scale to enhance satisfaction for clinicians and non-clinicians alike.
Tempo professionals provide service desk operations, managed security, server, and infrastructure support, and ongoing change management in a user-focused, consumable platform.
Tempo understands your technology environment whether it’s virtual CIO and interim leader support, data integration, enterprise architecture, systems engineering on demand, or IT build-out and migrations.
Tempo procures hardware, logistics services, biomed, and key devices to simplify decision making for our clients and optimize the clinical environments in which their clinicians deliver care.
Our team of experts uses best practices and processes to empower hospitals, health systems, and the community to achieve optimal outcomes. Their expertise covers the entire care continuum with services ranging from quality, regulatory, behavioral health, operations, care and utilization management, and leadership development.
The Learning Institute delivers 70+ classroom events and webinars to 2,500+ hospital leaders and boards of directors, annually, in addition to curated networking opportunities and leadership conferences.
Each year, 2,500+ hospital leaders attend more than 70+ events on healthcare finance and reimbursement, regulatory, compliance, and more.
We offer accredited education and other custom offerings. Clients of The Learning Institute are invited to participate in events such as Board Essentials, Leadership U, and our annual Ovation Healthcare conference and networking event.
73 percent of attendees return for 2 or more programs, 96 percent rate their session and their instructor as excellent or great, and 99 percent would recommend The Learning Institute to a friend or colleague.
Self-paced, on-demand courses to equip board members with the foundational knowledge needed to oversee and provide direction to their hospital.
Leadership U is one of The Learning Institute‘s elite offerings. Leadership U is a seven-month program that strengthens the leadership capabilities in new and potential CEO candidates, increases the talent pipeline of leaders in independent community healthcare, and improves staff retention and recruitment.
Learn how we can help solve the unique challenges of your hospital or health system.
Learn how we can help solve the unique challenges of your hospital or health system.
1573 Mallory Lane
Suite 200
Brentwood, TN 37027
615-371-7979
info@ovationhc.com
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