Understanding the finer details of Australia’s healthcare funding models and the ability to practically analyse and use this data to improve quality and performance are critical skills in today’s complex healthcare environment.

A core capability of O’Connell Advisory is the analysis of issues and the development of solutions based on our extensive knowledge of the health, aged care, disability and affordable housing sectors and their respective funding models.

We have performed numerous diagnostic reviews to identify the root causes of problems. Such reviews often involve analysis of operational and financial data, consultation, workshopping of issues and solutions and the development of pragmatic remediation strategies.

Where appropriate analysis may include:

• Statistical and modelling techniques,
• Activity based costing (ABC) of services,
• Analysis of the costs and case mix funding of services,
• Analysis of variations in clinical practice and service utilisation.

Commonly this process will involve the development of sophisticated models encompassing activity, staffing and financials to assist with the analysis of strategic options. Our team uses their detailed knowledge of the state and Commonwealth funding arrangements to advise clients on how to maximise their revenue and funding. We have also performed clinical audits for funders.

Our approach is to work closely with the client’s management team. This ensures that the recommendations are sound and the management team have bought into the solutions to be implemented. Generally O’Connell is retained to assist with the implementation of the recommendations.