Case Study: Bristol Health achieves $22M in margin improvement with Impact Advisors

Bristol Health achieves $22M margin improvement with Impact Advisors

Bristol Health, a 154-bed hospital system in Connecticut, was challenged by a difficult financial position requiring rapid margin improvement. They faced issues including low provider productivity, long patient wait times, high length of stay, and rising costs. Bristol Health engaged Impact Advisors to help achieve this necessary financial turnaround.

Impact Advisors implemented a holistic solution across revenue cycle, labor, supply chain, and clinical operations. Their work included implementing patient-focused staffing, improving medical group scheduling and productivity, reducing excess patient days, standardizing supply contracts, and enhancing denial prevention and point-of-service collections. As a result of this partnership with Impact Advisors, Bristol Health achieved $22 million in margin improvement and reached a break-even financial position within six months, while also fostering a new culture of transparency and accountability.

Bristol Health