Alameda Hospital
In 2004 this 115-bed District Hospital lost more than $14 million dollars from operations and was a hospital in financial crisis. This community hospital was floundering as a result of low patient census and expenses exceeding revenues. The financial statements were unreliable and the hospitals information system only partially implemented with the data not validated. Doom and Gloom could be seen at every turn.
As part of a management team Mr. Fallon were called into action to provide the Board of Directors with a financial and operational assessment of the facility. A group of hospital and business experts spent ten days on site gathering data, interviewing management and staff, understanding the medical community, and researching the local healthcare market. Two weeks later a report was delivered to the Board detailing the findings including analysis and recommendations.
After careful review of this report the hospital Board elected to have this management team implement the recommendations and assume day-to-day management of the facility.
Today the facility is back to the road of financial and operational success. The losses have been diminished; changes in executive management and line managers have been accomplished, financial statements are accurate and detailed, and the Doom and Gloom of yesterday has dissolved.
While hospital turnarounds do not happen in a month or a year, strong, decisive, leadership is key to stopping the downward spiral of the facility. Focused and informed decisions can be made with accurate information as the facility is guided back to a path of success. Alameda Hospital now plans for its future rather than its closure.
