Our Services
Hospital Turnaround
We specialize in helping distressed hospitals by growing revenue, improving processes and transforming the culture to create sustainability.
We understand that healthcare organizations live in a challenging environment, demanding sophisticated, experienced, guidance and support. But that does not mean life-long care is needed. NewLight Healthcare will work with your existing executive team or place an on-site management team that is approved by your Board. Our daily oversight of your hospital will:
- Create a values driven organization with a clear vision, mission and core values.
- Retain a leadership team that embodies the values of your organization.
- Instill accountability throughout the organization with key operational benchmarks and financial reporting.
- Promote performance improvement through financial, operational and strategic consulting services provided by top industry consultants.
- Provide advisory services to the Hospital Board and present best in class benchmark comparisons to peer hospitals.
NewLight Healthcare has structured a team of experts to lead this transformation and to assist with the numerous challenges facing healthcare organization. Our team was created with a clear emphasis on Revenue Cycle Management (RCM) because this complex process is at the core of most cash flow issues facing healthcare organizations today.
Nursing Home Management
We manage and provide oversight for public nursing homes, optimizing reimbursement and improving quality.
NewLight Healthcare provides a variety of Nursing Home management services through its wholly-owned subsidiary LTC Group, LLC.
LTC excels at providing financial management and operational oversight services. Our clients needs vary from multi-home to single home systems, and we also support public nursing homes and their respective Authorities.
We have developed an experienced team of industry professionals and we’re proud to serve both Hospitals and Nursing Homes.
Professional Services
NewLight’s executive team has extensive experience in the management of healthcare facilities, leveraging a broad network and diverse range of abilities.
We structure the work to maximize profitability for our clients – i.e., rather than a one-size-fits-all approach, we tailor services to your specific needs and capabilities. Key professional services provided by NewLight Healthcare and strategic partners include but are not limited to:
- Cultural Assessment and Transformation
- Creation of a Values Driven Organization
- Leadership Assessment and Training
- Strategic Planning
- Operational Assessment
- Financial Analysis and Planning
- Medicare/Medicaid Cost Report Services
- Revenue Cycle Management Services
- Physician Needs Assessment and Recruitment
- Procurement of New Equipment
- Facility Planning and Development
- Managed Care Contract Review/Negotiation
- Access to Capital
- Acquisitions
- Joint Ventures.
We have developed an experienced team of industry professionals and we’re proud to serve both Hospitals and Nursing Homes.
Revenue Cycle Management
Our team brings a tremendous track record to RCM, and can bring rapid stability to your financials while preserving what matters most to your facility.
By leveraging our extensive experience and expertise, we streamline the entire revenue cycle process, from patient registration and insurance verification to coding, billing, and collections. Our dedicated approach ensures that your facility can maximize revenue while minimizing delays and errors, thus improving cash flow and reducing the burden of administrative tasks on your staff. We prioritize the accuracy and timeliness of claims processing, which not only enhances financial performance but also strengthens patient satisfaction by reducing billing errors and disputes. With a keen understanding of the unique challenges faced by healthcare providers, we tailor our RCM solutions to meet the specific needs of each facility, ensuring compliance with regulatory requirements and optimizing reimbursement rates.
Is your Healthcare Organization in Financial Dire-Straits?
Schedule A Free Operational Assessment Today
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