Innovative Tool from the Robert E. Nolan Company Helps Hospitals Plan in Uncertain Economic Times

DALLAS--(BUSINESS WIRE)--The Robert E. Nolan Company, a leading managed care consulting firm (www.renolan.com), has announced availability of the “Hospital Planning Framework.” The Framework is an interactive model that allows hospitals to model key financial and performance variables including: payer mix, reimbursement rates, cost structure, financial results, impact on their staffing levels, and impact on the hospital’s local economy. The Nolan Framework is the only freely available model hospitals can use to explore the variables and impacts related to health care reform proposals.

The Framework is of particular importance given the high degree of uncertainty about hospital finance in light of various proposals for health care reform. The model allows a hospital to simulate differing government proposals and their impact on hospital financials, and allows hospital executives to test potential management actions.

The Framework is available without charge from www.renolan.com/framework.

“The Framework is the right tool at the right time for hospitals facing high anxiety from potential changes from health care reform. Different reform proposals have surprisingly different impacts on hospitals based on size and service mix. We’re happy to make The Framework available as a way of introducing hospitals to Nolan’s modeling and staff planning services,” said Merit Smith, director of Nolan’s health care practice.

Nolan is a leading managed care consultancy that specializes in solving service, cost and productivity problems in managed care firms. For more information about The Framework or Nolan, visit www.renolan.com or call 800-248-3742.