We specialize in providing end-to-end consulting to start a new practice.
Starting a practice is embarking on a new journey full of opportunities. Taking right decisions, leasing real-estate, designing the practice space, putting the right processes in place, hiring the right staff, making the technology choices, setup-up digital marketing can be highly over whelming. We are there to help to smooth your journey with over 20 years of experience helping over 1000 providers
We specialize in providing end-to-end consulting to start a new practice.
Starting a practice is embarking on a new journey full of opportunities. Taking right decisions, leasing real-estate, designing the practice space, putting the right processes in place, hiring the right staff, making the technology choices, setup-up digital marketing can be highly over whelming. We are there to help to smooth your journey with over 20 years of experience helping over 1000 providers
1. Market Research and Viability Study
- Discuss reasons for starting a practice and ensure they are the “right” reasons
- Choose potential location options and prepare a market assessment to define the competitive nature of the location(s)
- Determine “Go” or “No-Go”
- Define estimated timeline and create of project plan
1. Market Research and Viability Study
Discuss reasons for starting a practice and ensure they are the “right” reasons
Choose potential location options and prepare a market assessment to define the competitive nature of the location(s)
Determine “Go” or “No-Go”
Define estimated timeline and create of project plan
2. Business and Financial Plan
- List services to be offered to estimate revenue to be generated
- Estimate staffing and related payroll & benefits costs
- Prepare initial cash-flow analysis
- Define all capital funding needs to include pre-opening, opening and ongoing operational financing
3. Help with Financing
- Explore various financing options
- Create documentation package for Financing
- Help answer banker’s questions
- Closing and post-closing activities
4. Office Set-up and Human Resources
- Secure a space and coordinate office fit up
- Assist with HR fundamentals for the practice: recruiting, determine employee benefits and create employee handbook
- Deliver HIPAA & OIG compliance plans
- Set-up patient communication platform
5. Vendor Selection
- Choose optimal EHR option, secure a quote and negotiate
- Choose an option for revenue cycle management. In-house vs. Outsourced, secure a quote and negotiate
- Build team of experts for payroll, accounting, legal and other support functions
- Research and identify low cost/high value insurance for malpractice & office
6. Website and Digital Marketing
- Help create website
- Search engine marketing
- Digital marketing plan
- Patient satisfaction and referral
7. Report, Monitor and Improve
- Define and Monitor practice KPIs (Key performance indicators)
- Set-up Practice Dashboard
- Identify any bottleneck and constraints
- Improve practice performance