Bolt Partners LLP
 
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We provide the following services:

Turnaround Consulting and Interim Management Services

Organisation and Business Model Transformation

Financial and Information Services for Healthcare Organisations

Financial and Information Services for Healthcare Organisations

In order to effectively operate a healthcare organisation, management requires robust, relevant financial and activity information on which to base decision making. In addition, non executives and external stakeholders, require this information to assess management performance and take corrective actions as necessary. From our experiences in “stressed” healthcare organisations, the information required to effectively manage is simply not available. This is due to one or more of the following factors:

  • Lack of skills in finance and information teams – “stressed” healthcare organisations often have weak or incomplete finance and information teams which do not have the required skills in-house to design, produce and challenge financial and activity information on an ongoing basis
  • Inability to attract and retain talent – turnover of personnel in “stressed” organisations is often extremely high robbing the organisation of corporate memory, so vital in delivering improvement
  • Weak processes and systems – badly designed processes and weak integration of systems is often an inhibitor of robust financial and activity information
  • Poor integration with the Organisation – the finance and information department (s) are simply not integrated with the clinical side of the business

In order to address this issue, we have developed a ground-breaking outsourced finance and information service to provide ongoing support to management teams in healthcare organisations (primary or acute). The service which is long term in nature (3 – 5 years), is a cost effective way of significantly and rapidly upgrading information capabilities. Key features are:

  • Robust monthly reporting encompassing integrated financials as well as key operational metrics
  • An insightful daily and weekly reporting dashboards (bed base, length of stay, outpatient attendances) to enable quick decision making
  • Trading line profitability and return on invested capital analysis
  • Coding
  • Sensible use of technology and automation of key reports

 

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