A new infographic from PYA, a national healthcare consulting firm, outlines considerations that rural hospitals should bear in mind as they work toward developing a sustainable operational model that addresses industry transformation and the needs of their communities.
A National Rural Health Association study has revealed that 673 rural hospitals are “vulnerable or at risk for closure.” In order for rural hospitals to prepare for long-term sustainability, they must develop strategic pathways to success, according to a press release from PYA.
PYA outlines common challenges of rural health organizations—from inpatient admission decline to complex payment care models to industry consolidation—and offers approaches that can result in long-term success.
“The industry is changing,” said PYA Principal Scott Clay. “Rural hospitals have no margin for error. They must focus their resources in a way that is unique to their market and their organizational capabilities.”
Rural providers encounter obstacles unique to their particular landscape, yet have limited resources with which to address them.
“It has never been more important for rural hospitals to seek help in navigating current and upcoming challenges,” said PYA Principal David McMillan. “This infographic provides easily digested information for organizations taking the first step on the road to sustainability.”
The infographic provides details on inpatient admission decline, aging population and increased rate of chronic disease, complex payment care models, recognition of revenue-growing opportunities and affiliation exploration.