Author: LBodnarchuk

SBA WOSB certified

ProspHire Awarded WOSB Certification by SBA

PITTSBURGH, PA – ProspHire, a national management consulting firm focused on healthcare advisory, project delivery and strategic resourcing, is proud to announce that it has been awarded the Women-owned Small Business (WOSB) certification by the Small Business Association (SBA). This certification helps small businesses owned, operated and controlled by women to compete for federal contracts. The federal government’s goal is to award at least 5% of all federal contracting dollars to women-owned small businesses each year.

“We are honored to officially be designated as a certified Women-owned Small Business,” says Lauren Miladinovich, ProspHire’s Managing Principal and CEO. “This is an opportunity to connect with and serve companies who share our commitment to diversity and inclusion. Companies that have the need or desire to diversify their partnerships can now utilize ProspHire to fulfill those requirements.”

About ProspHire
ProspHire is a national management consulting firm focused on healthcare advisory, project delivery and strategic sourcing. Founded on the core value of relationships, with the goal to “prosper together”, ProspHire partners with clients to identify and solve their most significant people, process and technology challenges. The women-owned and rapidly growing Pittsburgh-based firm has nearly a 100 dedicated practitioners and consultants who deliver on projects and services across the U.S.

Modern Healthcare Best Places to Work 2021 and 2020 logo

ProspHire Ranks on Modern Healthcare’s Best Places to Work List Again

PITTSBURGH, PA – ProspHire, a national management consulting firm focused on healthcare advisory, project delivery and strategic resourcing, announced today that for the 2nd year in a row, the Firm has ranked in the top ten on the Modern Healthcare Best Places to Work List under the category of healthcare supplier. In 2021 ranking 8th and 2020 ranking 5th, respectively. The award recognizes high performing and successful teams, regard for employee’s well-being, acknowledgement of contributions and respect to the experience and dedication in helping maintain a level of harmony during the pandemic. This program singles out and recognizes outstanding employers in the healthcare industry on a national level.

“Thank you to Modern Healthcare for recognizing our emphasis on the compassion and respect that is essential to an engaged and productive workforce. During an incredibly trying time for the industry, and the world, it’s inspiring and humbling to see the dedication of our employees to strive for growth,” said Lauren Miladinovich, ProspHire’s Managing Principal and CEO.

Christopher Miladinovich, ProspHire’s Principal and COO, said, “Being a great place to work means having great people and compassionate leadership. We’re nearing 100 employees, with offices in Pittsburgh and Philadelphia and celebrating rapid growth since our founding in 2015. This is a direct result of the relentless dedication of our people who have helped scale this organization so responsibly.”

The executive leadership at ProspHire believes that to be successful you must start internally with employees who then lead you to great clients. “We leverage mentoring and training programs to build an environment that focuses on the right thing to do for our clients, the Firm and the individuals involved.” says Dan Crogan, Principal and SVP of Consulting at ProspHire. “In turn, it empowers our employees to think creatively, make decisions and build trusting relationships with our clients.”

2021 has been another award-winning year for ProspHire. The Firm ranked in the top ten on the Pittsburgh Business Times Fast 50 List of the fastest growing private companies in the Pittsburgh Region. The award recognizes the Firm for its 95.68% revenue growth between 2018 and 2020. ProspHire was also named an unprecedented 2 years in a row to 2021 Inc. Magazine’s annual list of America’s Fastest-Growing Private Companies – the Inc. 5000.

About ProspHire
ProspHire is a national management consulting firm focused on healthcare advisory, project delivery and strategic sourcing. Founded on the core value of relationships, with the goal to “prosper together”, ProspHire partners with clients to identify and solve their most significant people, process and technology challenges. The women-owned and rapidly growing Pittsburgh-based firm has nearly a 100 dedicated practitioners and consultants who deliver on projects and services across the U.S.

What Employers Should Consider for Post-Pandemic Health Care Offerings

Insight into what employers should keep in mind when developing health care offerings that address the post-pandemic needs of their employees.

The COVID-19 pandemic has been a once-in-a-century event that few of us could have predicted. We mourn the tragic loss of life globally and in the U.S., while we also manage through the surge in the Delta variant and continue forward with optimism as our children return to schools. Adversity has also driven perseverance, ingenuity, and adaptation. There is no question that the impact of the pandemic has changed how we work, socialize, shop, and how we consume health care. For example, a study from the Journal of the American Medical Association reported that telemedicine services grew by more than 1000% in March of 2020 and more than 4000% in April of 2020.

While these numbers were early in the pandemic, many professionals expect the use of telehealth services to continue, with notable hospitals such as UCLA anticipating that about 20% of volume will continue via telehealth. Reinforcing this future trend are the positive impacts from telehealth, such as increased access to specialists, avoided hospitalizations, and improved outcomes, as noted by the American Hospital Association in a letter to the U.S. Senate. Through necessity, the pandemic has rapidly advanced adoption of telehealth in a short time. As we move ahead, we also hear about increasing needs for post-pandemic behavioral health and we must still address rising healthcare costs that predated the pandemic.

So, how do health plans, employers, and health systems plan for post-pandemic needs?

At ProspHire, our research and our experience with health plan and hospital system clients shows the need to focus in three key areas:

  1. Increase support for telehealth.
  2. Prepare for behavioral health needs.
  3. Use data to manage costs to narrow networks and value-based arrangements.

Increase Support for Telehealth

As employers, health plans, and health systems consider strategies for the post-pandemic needs of their employees, members, and patients, it is important to encourage and support access to telehealth options across all types of care. Telehealth serves to reduce barriers to care and serves an important role in augmenting rather than replacing traditional care. In January 2021, U.S. News cited a 2020 JAMA study in stating that “the increase in telemedicine only offset about 40% of the decline in office visits” suggesting that both traditional visits and telehealth are important tools. The article further cited a common scenario in which a diabetic patient missed a visit due to transportation issues, which is a common social determinant factor. Telehealth helped the care provider to engage the patient and to continue monitoring overall wellness and compliance with a prescribed course of care … potentially avoiding more acute and higher-cost issues in the future. Employer and health plan support for telehealth coverage will encourage providers to continue and even to expand telehealth options.

Prepare for Behavioral Health Needs

Our ability to use telehealth for care needs, to continue work and school safely via virtual meetings, or even to attend social events through Zoom or other platforms has saved us time and money that we previously spent commuting or traveling. However, all these virtual connections don’t fully replace the in-person relationships and interactions that we enjoy, potentially leading to feelings of isolation, stress, or other factors. Better integrated behavioral health was already identified as a need prior to the pandemic, addressing whole-person wellness, and helping to avoid hospitalizations or unnecessary ER visits. A 2019 study by BlueCross BlueShield of Kansas City (BCBSKC), and reported by the National Institute of Health, showed 10.8% savings in costs for a group of BCBSKC members with integrated behavioral health. Employers and health plans should embrace the opportunity to integrate behavioral health services and improve outcomes and costs.

Use Data to Manage Costs with Narrow Networks and Value-Based Arrangements

Balancing the “quadruple-aim” of better outcomes, better patient experience, better provider experience and lower costs is a challenge. Managing this effectively means using data-driven insights to seek out opportunities to control costs and align incentives without compromising quality or creating administrative burden. Value based contracting combined with narrow network arrangements can help to achieve this balance. A 2018 Change Healthcare study cited in Health Payer Intelligence quoted an average of approximately 5.6% savings because of value-based arrangements. Aligning employees and members in partnership with health systems can shift risk, cap costs, and align care incentives.

The pandemic has created a leap forward in health care – driving adoption in telehealth and bringing focus to behavioral health that may have required years of change and regulatory intervention. Employers and health plans can embrace and amplify these trends through benefit designs, care programs, and value-based incentives in partnership with health systems. These measures will drive a more integrated care model that delivers on the promise of better outcomes, better experience, and more affordable care,

This blog was featured in Member Perspectives by The Chamber of Commerce for Greater Philadelphia.

2021 Pittsburgh Business Times Fast 50

ProspHire Ranks in Top 10 for Pittsburgh’s Fastest Growing Companies

PITTSBURGH, PA – ProspHire, a national management consulting firm focused on healthcare advisory, project delivery and strategic resourcing, announced today that it has ranked 9th on the Pittsburgh Business Times Fast 50 List of the fastest growing private companies in the Pittsburgh Region. The award recognizes the Firm for its 95.68% revenue growth between 2018 and 2020. ProspHire also ranked 5th on the list of fastest growing private companies in the Pittsburgh region with revenues of $10 million to $25 million.

“We are honored to be recognized for the third year in a row by Pittsburgh Business Times for our exponential growth. The pandemic is unlike any other challenge we have faced. To have grown in this environment over the past year is a true testament to our Firm’s ability to pivot and adapt,” said Lauren Miladinovich, ProspHire’s Managing Principal and CEO.

Christopher Miladinovich, ProspHire’s Principal and COO, said, “Our mission has been to help solve some of the biggest challenges in healthcare. Today, we’re nearing 100 employees, with offices in Pittsburgh and Philadelphia, and celebrating rapid growth since our founding in 2015. This is a direct result of the relentless dedication of our people who have helped scale this organization so responsibly.”

ProspHire was also just named to 2021 Inc. Magazine’s annual list of America’s Fastest-Growing Private Companies – the Inc. 5000. This list represents a unique look at the most successful companies within the American economy’s most dynamic segment – its independent, small businesses.  

About ProspHire
ProspHire is a national management consulting firm focused on healthcare advisory, project delivery and strategic sourcing. Founded on the core value of relationships, with the goal to “prosper together”, ProspHire partners with clients to identify and solve their most significant people, process and technology challenges. The women-owned and rapidly growing Pittsburgh-based firm has nearly a 100 dedicated practitioners and consultants who deliver on projects and services across the U.S.

Inc. 5000 Color Medallion Logo

ProspHire Earns Spot on the 2021 Inc. 5000 List

PITTSBURGH, PA – ProspHire, a national management consulting firm focused on health care advisory, project delivery and strategic resourcing, announced today that it is 2390 on Inc. Magazine’s annual list of America’s Fastest-Growing Private Companies – the Inc. 5000. This list represents a unique look at the most successful companies within the American economy’s most dynamic segment – its independent, small businesses.

“Building one of the fastest-growing companies in America in any year is a remarkable achievement and building one during a pandemic is amazing. We were able to achieve this great accomplishment because our people adapted to change and focused on industry-specific business issues and an unparalleled commitment to meeting our clients’ needs,” said Lauren Miladinovich, Managing Principal and CEO.

Not only have the companies on the 2021 Inc. 5000 been incredibly competitive within their markets, but this year’s list also proves especially resilient and flexible given 2020’s unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million.

Chris Miladinovich, ProspHire’s Principal and COO, said, “This is the 2nd year in a row that   ProspHire has been named by Inc. as one of America’s Fastest-Growing Private Companies and we are excited to again be recognized for our exponential growth. For more than 6 years, ProspHire has grown by more than 20% year over year and is on the trajectory to exceed its annual revenue goal in 2021. We continue to look forward to a prosperous future.”

Complete results of the Inc, 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria can be found at www.inc.com/inc5000.

About ProspHire
ProspHire is a national management consulting firm focused on health care advisory, project delivery and strategic sourcing. Founded on the core value of relationships, with the goal to “prosper together”, ProspHire partners with clients to identify and solve their most significant people, process and technology challenges. The women-owned and rapidly growing Pittsburgh-based firm has nearly a 100 dedicated practitioners and consultants who deliver on projects and services across the U.S.

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