Earnings multiples are integral to the value of any business, both in terms of an exit strategy as well as the day-to-day operations. But it is understanding what is used in driving earnings multiples that the real value is created.
Pitcher Partners Consulting recently hosted an Executive Roundtable Luncheon on the topic of Health and Technology. Approximately 15 clinical and management senior executives from Victorian Hospitals, leading care organisations and technology innovators discussed the impact that technology is having on patient care and workforce management.
High quality care while managing costs is a delicate balance in today’s health system. Currently in the state of Victoria, nurse-patient ratios in public hospitals are legislated whist within the private system there is a constant battle to ensure quality outcomes and maintain equitable distribution of shifts across the workforce.
As the aged care sector shifts from block funding to consumer directed care, passive monitoring technology is set to become a significant disrupter in the care sector. It provides care providers real time information and analytics, to identify trends and determine patient’s overall wellness levels – bringing a higher level of wellness outcomes for the patient – but there are some other considerations that need to be taken into account.
Over the last five years, we have facilitated the adoption of cloud based accounting software for many of our Medical clients. This series of articles is designed to provide guidance to take your medical practice to the next level.