Synergy Health Partners

Learn About Our Client’s Success

"Working with OneAccord was a transformative experience for Synergy Health Partners. Under their Partner’s leadership, we restructured our ASCs, significantly improving our utilization from 46% to 62% and reducing our staff per case from 24.6 to 13.4. SHP’s strategic initiatives, including OA’s leadership associated with optimizing our ASC operational metrics and revamping our scheduling processes, led to a remarkable 25% increase in our trailing twelve-month revenue and an 86% increase in TTM EBITDA. OneAccord’s efforts have set a new standard for executive leadership within our organization. We highly recommend OneAccord's services for any healthcare practice seeking to achieve substantial operational improvements and financial success."

Industry

Health

Location

Greater Detroit Area

Engagement Summary

Synergy Health Partners (SHP), a 31-provider orthopedic and spine care practice, serves patients throughout greater Detroit area. Following a challenging four-year period marked by the impacts of COVID-19 and a change in auto insurance regulations that capped payments to healthcare providers in July 2022, SHP appointed a new CEO in the fall of 2023 to spearhead a turnaround effort.

Business Situation

Despite SHP’s stellar reputation built over multiple decades, the previous executive leadership team struggled to steer the company toward success. The new CEO, an accomplished leader with extensive knowledge of the private equity backed physician practice management roll-up industry, began by strengthening and supporting proven leaders within the executive team while restructuring and replacing those who were not aligned or capable of guiding the organization to success.

Over approximately eight months, the CEO focused on several key areas:

  • Optimizing the utilization and staffing of the two Ambulatory Surgery Centers (ASCs)
  • Renegotiating key supplier contracts
    Initiating a new pharmaceutical service line dispensing service
  • Reenergizing marketing efforts to reconnect with former patients

 

During this eight month period, SHP engaged OneAccord Partners to serve as an interim COO, focusing primarily on restructuring the ASCs along with other key initiatives.

OneAccord Solution

One Accord concentrated on understanding the critical metrics that drive the performance of a well-functioning ASC. OneAccord recognized that improving basic operating metrics, such as facility utilization and staff-per-case ratios, would provide a foundation for steady performance improvements. Collaborating with key operational leaders within the executive team, physicians, and ASC staff, OneAccord began outlining the parameters needed to transform SHP into a market-leading facility.

Over the course of an intensive eight-week period to align the schedules across the ASC, hospital, and clinics, as well as securing physician approval to revamp long-standing habits related to their clinic days and surgery schedules. The solution focused on optimizing three main areas:

  • Reducing the number of available days to match the demand for surgeries
  • Decreasing the number of staff needed to support the new, more compressed  ASC schedule
  • Establishing “block times” for each surgeon on surgery days

 

Based on these tenets, the team developed and implemented a “clean sheet” approach to redesigning the flow and scheduling processes, to enable efficient utilization of precious physician operating time and minimizing staffing expense.

Results

ASC utilization increased from 46% to 62%, and staff-per-case metrics improved from 24.6 total staff per case to 13.4 total staff per case. As a result, this single initiative increased annual EBITDA by 25% over the previous year’s performance.

Contact | (425) 250-0883 | [email protected]

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