The last few years have been financially devastating for the hospital industry. COVID-19 and its variants have plunged the industry into financial chaos, with long-lasting impact on healthcare focused on, but far beyond, mere finances.
The CFA Perspective
A Cardiovascular Consulting Blog from CFA
low volume cardiac surgery programs
CFA has written extensively on the challenges facing the low-volume cardiac surgery program.
We have written extensively on the issue of low-volume cardiac surgery and the challenges faced by these programs in today’s competitive environment. There are many options available to these programs to boost their volume, ranging from reinvestment in program development efforts all the way to divestiture or closure if all else fails.
In our continuing series on low-volume cardiac surgery programs, we now incorporate the Center of Excellence (COE) concept into our discussions.
In our recent post, Low-Volume Cardiac Surgery Program “Excellence”, we initiated a multi-part series discussion on the theme of cardiac program excellence. In this article, we address the importance of understanding one’s cardiac program volumes and the difference in key types of procedures that comprise your cardiac surgery program’s procedure volume.
In a previous blog, CFA asked the question, “Can a low-volume cardiac surgery program be excellent?” (posted November 16, 2016). CFA estimates,
What does marketing strategy have to tell us about maintaining or defending a service in a declining or mature market? In essence, quite a lot. For the cardiovascular administrator, there are CV sub-markets in ascension, and there are also those in decline.