You and your staff work hard to maintain your medical practice, and your income should show it. However, at DoctorsManagement, too often we see our clients leaving income on the table — sometimes even half of their earning potential! So, how can you be sure your financial and operational standings are in order? And what should you do if they aren’t?
With DoctorsManagement, your solution is as simple as reaching out and requesting a medical practice assessment. The advantages of medical practice evaluations can reinvigorate an operation and put your staff’s focus back where it belongs — on taking care of patients.
A practice assessment is DoctorsManagement’s way of taking a “snapshot” of your financial and operational standing and assists us in identifying ways to improve productivity, reduce patient wait times, increase patient satisfaction, and more. We oversee finance, operations, growth, and marketing strategies to help pinpoint where your medical practice can improve.
Some physicians reach out to us with a previous understanding of where a trouble area lies, and some are completely in the dark. A practice assessment from DoctorsManagement is completely customizable to target the whole scope of your practice or hit a specific area.
As part of the practice assessment, we can:
Following the practice assessment, we will present providers with a practice-customized short- and long-term strategic plan. This plan is delivered during a formal presentation of findings and recommended action items at the conclusion of the assessment to key stakeholders. We commit to working with you and your team on implementing our findings, correcting deficiencies, and setting practice operations and financial goals. The initial plan is the starting point for constantly going through a “Plan, Do, Check, Act” cycle (PDCA).
The positive financial impact of performing the practice assessment has historically resulted in an increase in revenue (or cost savings) of three to five times the assessment fee. Additionally, it can help you gain:
Still unsure of whether this evaluation is right for you? Learn more about practice assessment benefits:
Almost every practice can benefit from a comprehensive evaluation, but it is most important when you:
Every practice is different, and each of our clients sees different results from our assessments. However, these statistics can give you a good idea of what you have to gain:
At DoctorsManagement, our focus is on simplifying the complexities of medical finances so your practice can do what it does best — treat patients. Our full-service consulting firm prioritizes exceptional performance, guided growth, and actionable accountability, allowing us to innovate practical solutions to your most pressing concerns.
What would your practice look like if you could eliminate the stress of the business side? Find out and put your facility on the path to a more productive future. We invite you to connect with us today to start your assessment.
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