Our main initiative is to provide the business expertise for healthcare professionals to allow them to focus on their patients and maintain an efficient and profitable practice. We help practices by employing our Three-Dimensional Approach to identify areas of improvement in the financial, operational, and business development aspects of the business to help them reach new levels of profitability.
We understand the complexities of navigating the issues associated with owning and growing medical practices and healthcare businesses. It is important to be striving for continuous operational improvement, effective employee and contractor performance, cost efficiencies and vendor management, all while providing great patient care.
We can either follow traditional fixed fee pricing model based on deliverables or an At-Risk Pricing model. With the At-Risk Pricing model, there will be no monthly retainer cost to the physician and compensation will be based on performance hurdles once the physician sees the increase in profitability. We will base our fee structure on the successful implementation of strategies to cut costs, increase efficiency, and profitability. By using this approach, it ensures that our economic interests are aligned with our clients.
Financial and Operational Assessment of Practice
Identify practice and financial goals/strategies
Marketing and Business Development Plan
Identify areas of improvement and inefficiencies
Ancillary revenue development
New Physician Buy In
Real Estate and PPE Appraisals
Strengthen Compliance and HR Procedures
Management of the practice
Exit Planning and M&A
For physicians who want to start their own practice, we can advise on setting up the processes and management to ensure success. Our goal is to help these entrepreneur minded physicians set up a well managed practice and reduce wasted time and resources.
Formation of Company/Entity
Securing Startup Loans
Identify Practice & Financial Goals
Trademarking & Website Development
Setup CRM & Efficient Office Processes
Compliance & HR Procedures
Management of the Practice