The Innovative Health Strategies™ team knows that being innovators in the industry means continuously gaining new insights and staying up to date on the challenges and opportunities our clients face in their businesses. In addition to our legal backgrounds, we have significant experience in the health care industry, including serving as in-house counsel for health systems and suppliers. Some team members also have backgrounds in the life sciences field and hold advanced degrees or certificates in business or health administration, health law, public health or public policy. Along with speaking engagements, many of our team members are actively involved with industry boards, regularly publish articles and are often quoted in the media.
Recent Insights/Alerts
Hospital Nets $3.8 Million in Annual Savings Through Purchased Service RFPs
Engagement Summary Innovative Health Strategies™ (IHS) and Faegre Drinker achieved $3.8 million in annual savings for a 300-bed, nonprofit hospital in the Northeast by combining the sourcing experience of IHS consultants with the health care transactional experience of Faegre...
Read moreNavigating Uncertainty During and Post COVID: A Path Forward for Health Care Providers (Session Six: Guaranteed Realized Savings)
Chicago partner and President of Innovative Health Strategies™, Neil S. Olderman, will discuss how IHS’s hospital-clients are generating savings by evaluating purchased services and other strategic vendor partnerships. Brett W. Warner, Assistant Vice President of IHS, will highlight Clinical...
Read moreInnovative Health Strategies Executive Team Presents on “Guaranteed Realized Savings” at IDN Summit & Reverse Expo 2020
Top executives at Innovative Health Strategies™ (IHS), Faegre Drinker’s health care consulting affiliate, presented “Guaranteed Realized Savings” at the IDN Summit & Reverse Expo 2020, held August 24–26. Chicago partner and President of IHS, Neil S. Olderman, discussed how...
Read moreHealth Care Amid and After COVID-19 Webinar Series: Session Five
In an effort to learn from the past and continuously improve, are there lessons from the recent pandemic supply chain issues that supply chain leaders might share? What models or alternative approaches might executives consider to enhance preparedness and...
Read moreHHS Announces Additional Details Regarding $50 Billion Provider Relief Fund General Distribution
The Department of Health and Human Services (HHS) is in the process of completing a $50 billion general distribution (General Distribution) from the $100 billion available to health care providers through the Public Health and Social Services Emergency Fund...
Read moreHHS Announces Over $40 Billion in Additional Distributions From the Provider Relief Fund
The Coronavirus Aid, Relief and Economic Security Act (CARES Act) makes $100 billion in funds available to hospitals and other health care providers for health care-related expenses or lost revenues that are attributable to COVID-19 through the Public Health...
Read moreCARES Act Relief Fund Payments to Health Care Providers: Key Requirements and Compliance Risks
On April 10, 2020, the federal government began distributing $30 billion of the $100 billion in funds that the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) makes available to health care providers through the Public Health and...
Read moreNew Low-Cost Ventilator Approved by FDA for Emergency Use
The Food & Drug Administration (FDA) has authorized the manufacture of a new, low-cost ventilator for emergency use. The Coventor is a compact cereal box-sized ventilator that will be sold by Boston Scientific Corporation for less than $1,000 compared...
Read moreThe CARES Act: Relief for Health Care Providers
The $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020, contains significant relief to assist health care providers faced with the double burden of an onslaught of COVID-19 patients and a...
Read moreNew Legislation Increases N95 Face Mask Supply for U.S. Health Care Workers
New legislation signed on March 18, 2020, will bring tens of millions more masks per month into the hands of U.S. health care workers. The new legislation protects N95 mask manufacturers against lawsuits if an N95 face mask sold...
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