Analytics and Performance Improvement
One of our core capabilities is the analysis of issues and developing of solutions based on our extensive knowledge of the health sector funding models.
Key focus areas include improving the quality and effectiveness of a service, increasing generated revenue and improving efficiency.
Hospital Capital Projects and Planning
O’Connell Advisory is recognised as the leading commercial advisor to the public and private sector for infrastructure developments ranging from day surgeries through to tertiary referral hospitals.
We have provided advice on some of NSW’s largest metro and regional hospital developments. Advice required typically leverages our expertise in market assessments, clinical service planning, workforce planning projections and the preparation of Financial Impact Statements (FIS).
Market Sounding, Tendering, Contestability and Contracting
We believe that it is critical that a service contract should ensure delivery of a high quality service. We provide commercial advice to both the public system and private providers on commercial arrangements for a wide range of corporate and clinical services.
Examples of commonly provided advice include leading market soundings, developing procurement strategies, preparation of Public Sector Comparators (PSC), acting as the financial advisor to significant procurements and assisting with the negotiation of the commercial terms of the final contract.
Medical Research Institutes and Universities
O’Connell Advisory has provided advice to numerous medical research institutes and universities.
We have worked closely with the NSW Office for Health and Medical Research to monitor and evaluate the outcomes of various grant schemes including Medical Device Fund (MDF) and Medical Research Support Program (MRSP).
O’Connell Advisory has also assisted with the development of funding applications for new technologies.
Policy Reviews, Scoping Studies and Program Evaluation
Using a combination of quantitative and qualitative analysis we produce evidenced based reports and practical improvement opportunity recommendations for our clients. Our approach tends to be highly consultative, particularly when clinicians are involved.
We have consulted with a diverse range of consumers and clinicians and all types of service providers.
Private Revenue and Funding Maximisation
O’Connell Advisory has a deep understanding of the alternative funding and revenue models applicable for various services provided by hospitals and ambulatory services.
Using this understanding and our data analytics capability, we can assist hospitals to identify opportunities to generate additional revenue and funding to services they are providing.
Strategic and Corporate Advice
O’Connell Advisory is a highly respected provider of a wide range of strategy and corporate advice. This advice can include development of strategies, commercial due diligence, securing of financing, negotiations and litigation support.
Usually our advice is based upon sophisticated models encompassing activity, staffing and financials that assist with analysis of strategic options.
Workforce Planning
O’Connell Advisory can assist hospitals to prepare high quality workforce plans that are aligned to clinical service planning projections taking into account the impact of capital redevelopments and changes in the models of care.