Knoxville, Tenn.-based IPA 100 firm PYA (FY19 net revenue of $53.2 million) and Grassi Healthcare Advisors (GHA), a division of New York-based IPA 100 firm Grassi & Co. (FY19 net revenue of $70 million), have partnered on a new service line designed to help health care providers respond to challenges caused by COVID-19 and other economic stressors.
Calibrated Performance is a suite of advisory solutions – including operational and financial assessments, benchmarking, business intelligence tools, revenue cycle support, cost containment and cash management plans – that uses data analytics to help post-acute, skilled nursing (SNF) and senior care facilities identify inefficiencies and achieve organizational goals. Using this information, PYA and GHA work with providers to create sequential 12-week action plans designed to improve financial and operational health through more efficient resource utilization, value realization and capital rationalization.
“Our combined team brings the full resources of clinical, operational, financial and strategic expertise to assist our clients through this challenging period,” says GHA CEO Joseph Tomaino. “With internal resources stretched so thin, we can offer the guidance and support needed to put an organization back on the right path and keep it moving forward.”