Do You Need Help Now? When Is It Time To Say Yes To Interim Management?
October 9, 2021
Top 5 Reasons To Consider Interim Management:
- Replacing An Administrator: Whether you are the one leaving or retiring, you may need someone to fill the role or someone to help train your replacement once you are gone. Not all situations are ideal and maybe within your hospital system you do not want the current administrator to train a replacement. This is where interim management can help to fill the position as well as help train the replacement. Unfortunately, interim management is sometimes a necessity during times of unplanned absences or losses of an administrator. Regardless the reason, these interim positions can be in place anywhere from 1 month to 6 dependent upon the circumstances within your agency.
- Operations Management: Let's say you have built your agency from the ground up. No one knows it better than you. Now, you are struggling with turnover more than you ever have and can't figure out why? Maybe it's a need to break down the clinical process to cut some direct costs from your budget, but you don't know where to make that change. Regardless what is going on with your agency, an interim manager can also work side-by-side with you to deep dive into process management and staffing to make sure you meet financial goals. This is just a couple of potential operations issues although there are so many more that can be managed with a short term interim. These types of situations may mean someone on site several times a week for a month as opposed to a longer term engagement like loss and training of an administrator.
- Financial Management: We see a lot of agencies with clinical administrators who have good financial heads on their shoulders. However, they also have good finance managers in their agencies. Now, should you find yourself without a finance director, you would want someone to work on site to help keep the flow of finance in place as well as identify any potential shortcomings in the finance department. This is often a 1-3 month process depending on the size of the agency and the scope of work for the interim manager.
- Clinical Management: This is the exact opposite of the last bullet on finance management. Superior financial or operational administrators that run superior agencies have superior clinical management at their side. If you need someone to fill the role of clinical management/ administration, you need an interim manager who is a nurse administrator to fill the role.
- Hiring The Right Replacement: You may be the person in charge of the healthcare system that needs to replace your home health or hospice administrator. You may need some help to choose the right person as you don't typically function in this realm of your healthcare system. This is an expensive position and you don't want to pick the wrong person. Enter interim management. They can help you through the initial screening and them complete a deep dive into the hiring process to advise you while running the agency while the role is vacant.
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