Saturday, September 19, 2009

There's a Bend Up Ahead

Regardless of the outcome of the national health debate over the coming weeks, the fact is that financial realities demand that something change... e.g. Medicare running out of money by 2017 as just one example.


Is change coming? You bet it is! What it looks like is still up in the air but one thing is for sure - reimbursement will continue to erode and costs will continue to go up. Businesses will be pinched - healthcare providers and community employers.


There will be winners and losers. Those who are not productive and efficient will be the first to suffer. One need only look back to the Balanced Budget Act of 1998 and long term care sector to appreciate the scramble that was caused and the losses incurred by so many.


Was there recovery. Sure there was... for some but not for others. Business changed hands. Business that inefficient providers could no longer afford to do shifted to those providers who could do more for less and still make a profit. While some were going out of business others were taking the opportunity to grow theirs.


Times of change are times of opportunity for those who are prepared. Now is the time to be preparing. Those who are business savvy and prudent are doing just that - PREPARIING.


"A bend in the road is not the end of the road unless you fail to make the turn."


Do you have your hands on the wheel?


Bob


(c) copyright 2009
Performance Builders

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