Improving Quality And Profitability In Healthcare

The healthcare industry is the largest industry in the world today.Healthcare in the modern world encompasses some areas including prevention of disease, outcomes of treatment and patient satisfaction, wellness as well as digitization of medical processes. There is a wide variety of healthcare companies. These include healthcare insurance companies, pharmaceutical companies as well as companies that deal with healthcare development and management. Companies that deal with healthcare development and management are involved in the management of hospitals as well as marketing for healthcare centers. They also have ownership of healthcare facilities. One such company is Nobilis Health Corp., a healthcare company based in the United States. Nobilis formerly known as Northstar Healthcare works with doctors by forming partnerships to manage ambulatory as well as acute care centers.To date, Nobilis Health Corp. has acquired and manages healthcare facilities all over the United States. The company has three ambulatory surgery centers in Houston, two in Dallas and one in Arizona. It also has a surgical hospital in Houston, as well as an MRI and imaging center. Apart from these, Nobilis Healthcare Corp. does marketing for 16 other surgical centers. Healthcare development and management companies are important because they improve healthcare outcomes for patients. They do this by providing healthcare services of excellent quality. Healthcare facilities managed by Nobilis, for instance, provide top notch services, proven by a continuous patient satisfaction rate of ninety-five percent. The physicians and healthcare professionals are skilled, experienced and dedicated and are focused on improving healthcare standards, therefore, a patient is assured of a great experience before and after surgery. Also, their quality improvement program ensures the continuous betterment of service delivery. These companies also lower costs of medical care to patients. For instance, Nobilis Health Corp provides at low cost by making their procedures outpatient and non-invasive.Apart from improving patient outcomes and lowering medical costs, healthcare management and development companies increase revenue collection for medical facilities through the adoption of innovative business models and marketing strategies. Nobilis, for instance, has a unique business model, which involves working with surgeons as equity partners. It has allowed for organic growth with a commensurate increase in profitability margins. The company recorded a one hundred and twenty-five percent increase in revenue in the third quarter ending September 2014 to a total of seventeen point two million dollars up from seven point six million dollars obtained in the same quarter the previous year. In 2015, the revenues have spiked up to forty-eight point nine million in the second quarter, and further increase is expected in 2016. If quality and profitability is to be achieved in healthcare, companies like Nobilis have to be in the forefront in management and development of Healthcare facilities.