Startups and Mergers
Sometimes the whole is greater than the sum of its parts.
While most physicians will create a new practice once or twice in a lifetime, we've done more than 40 of them, and have gotten quite good at it. Our involvement is always different, depending on the circumstances, and ranges from lecturing to Residency programs to providing a turnkey start-up. All of MedMan's talents become focused on helping a client to visualize and then put into play the ideal practice or medical group.
In this consolidating medical environment, "grouping" is a comfortable strategy. MedMan can depersonalize yet professionalize the process to blend the good, not the bad, of merging entities.
It's so much easier to do it right the first time, when selecting systems, people, and procedures. Let us help you with the latest and best methodologies, policies, and procedures, so as you bring others on, you can confidently say, "This is the way we do it here."
Case history: Four-physician primary care group, Idaho
Subjective:
High producing physicians were complaining of loss of income, loss of control, and frustrations with the management of their large, multi-specialty group.
Objective:
The existing group's culture and structure disincentivized hard-working physicians by its high overhead, governance, and income distribution.
Assessment:
Our financial projections suggested these self confident physicians could do better on their own, and their departure may lead to the disintegration of the larger clinic.
Plan:
With reassurance from MedMan, the newly formed group split off and started seeing patients in a temporary facility within one week of their decision. MedMan fast tracked the startup through the placement of an interim manager, location of modular units within which to practice initially, computer installation, bank financing, and additional capital from MedMan, and payroll and benefits through our co-employment department.