Six Reasons Why Restructuring Your Integrated Healthcare ...

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[email protected] ... Gloriana Hunter, MBA-IT, EdD ... About the Author: Gloriana Hunter holds an MBA in Informati
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Six Reasons Why Restructuring Your Integrated Healthcare Organization Will Fail (how not to nose-dive) Gloriana Hunter, MBA-IT, EdD Your read time investment: Under 3 minutes



Value-based payment has created a significant rise in restructuring for integrated healthcare companies. As the requirements become ever clearer, organizations see it unmistakably: change the way you do business or become obsolete. As leaders, we automatically default to the idea restructuring. It is the best-known way to be adaptable in an ever-changing business environment. We attempt to create a scalable business model that can contract and expand to meet the demands of whatever is happening. We change reporting structures, financial structures, and strategic structures, with the theoretical purpose of being more organized, focused, and efficient. We are lean and ready to laser in on our core business model. There’s a largely overlooked problem in restructuring, however. According to research from The Boston Consulting Group, over 90% of companies worldwide use restructuring as a tool to stay on top of shifting demands. But here’s the kicker. Less than half were considered successful. The majority were in worse shape after the reorganization than before. This is alarming. There are six factors which drive restructure success or failure: •

Is your design synchronized with your strategy?



Are your roles and responsibilities clarified?



Do you have the right leaders with the right capabilities in place?



Did you create your design to filter into every layer of your business?



Did you identify and mitigate risks before execution?



Did you reorganize during a crisis?

Copyright © 2017 Gloriana Hunter EdD & Associates LLC. All rights reserved.

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(602) 524-6480 [email protected]

As the leader of your organization, the first five are up to you. Your skill, your knowledge, your advisors – any failure in alignment is on your shoulders. But the last one? Reorganizing in crisis? That’s external – exactly like the experience of shifting to valuebased payment models. There is a silver lining in all the bad news. The research shows that if you can manage to incorporate one success factor, you have a 32% chance of succeeding. If you can manage at the first five, you have an 88% chance of succeeding. We can’t change the sixth factor. We are knee deep here. Everything we did before to stay in financially sound no longer works in this new payment era. We must rise to the occasion or prepare for a nose-dive. As for the first five factors? Take a deep breath and start planning your strategy to incorporate these as if your business’ life depends on it. Because it does. ~~~ About the Author: Gloriana Hunter holds an MBA in Information Technology and a doctorate in Organizational Leadership. Dr. Hunter is a leading expert in how healthcare, integrated health, and social service organizations can set lofty performance goals and organize their staff to not just meet these measures, but blow the lid off what once was impossible.

Copyright © 2017 Gloriana Hunter EdD & Associates LLC. All rights reserved.

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