How to assess the impact on production, capacity, and costs after the closing of a hospital
About the client
OLVG is a hospital in the greater Amsterdam area, with locations in the East and West. It has been at the heart of the city’s healthcare for over a century and a half, playing a central role in improving care and contributing to healthier living in the urban landscape of Amsterdam.
LOGEX and OLVG have been working together for over ten years. LOGEX was a key partner in providing the clarity OLVG needed to make critical decisions when merging with Sint Lucas Andreas Hospital in 2015.
The challenge
In 2018, MC Slotervaart, another city hospital in Amsterdam, was on the edge of closure. OLVG considered taking over a large part of the care and was asked to step in to safeguard the continuation of care and turned to LOGEX to assess the potential impact on OLVG’s capacity accurately, revenues and costs.
The solution
During the high-intensity run-up to MC Slotervaart’s closing, we ran multiple scenarios with the OLVG team to assess the potential impact accurately. LOGEX’s activity-based management methodology gave OLVG the clarity needed to quantify the additional resources required per department—number of clinicians, nurses, and other personnel —and help OLVG guarantee uninterrupted care delivery in Amsterdam.
LOGEX Financial Analytics enabled OLVG to make data-driven decisions leading to the partial takeover continuation of MC Slotervaart’s care by delivering accurate, reliable information, including complex decisions on investments, prices, and required guarantees. In addition, leaning on insights from LOGEX Financial Analytics, OLVG accomplished multiple negotiations with payers (insurers), regulators, and the municipality of Amsterdam in a short time.
LOGEX Financial Analytics provides the degree of information accuracy required for our management team and clinicians to take important strategic and operational decisions with confidence.
Jeroen van Roon, Chief Financial Officer, OLVG
Philipp Jan Flach, CEO of LOGEX
The impact
With the insights drawn from LOGEX Financial Analytics, OLVG was able to:
Quantify required additional resources and record them in an adjusted budget
Monitor additional care based on patient characteristics using our Forecasting model
Measure performance against targets and plans across the hospital from the board level down to the ward level, using our Budgeting model
Identify and takeaction on specific opportunities for efficiency
Would you like to gain insight into your hospital’s financial performance?
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