ORTHOPEDIC PRACTICE INCREASES PROFITS BY 80%

SITUATION

The owner of a two-physician orthopedic practice faced a crossroads when his partner announced his retirement. After examining various growth opportunities, and a failed attempt to merge with another group, the physician turned to DoctorsManagement (DM).
DM presented a strategic plan to help the physician achieve his long-term business goals of creating a phenomenal corporate culture while positioning his practice for growth. The plan, which was broken out into manageable steps, ensured that the practice could build a solid infrastructure with clear systems and benchmarks to track results.

RESULTS

  • Increased profits by 80%
  • Grew practice revenue by 18%
  • Expanded from 4 to 8 providers
  • Improved provider utilization
  • Streamlined clinical operations
  • Improved revenue cycle management
  • Reduced overhead and expenses

HOW WE DID IT

PRESENT
A Strategic Plan
based on values
and long-term goals.
IMPLEMENT
scalable systems
to optimize
patient flow
REMODEL
Facility to increase
utilization and
clinical capacity
EXPAND
Service lines,
exam capacity and
patient volume
CULTIVATE
a culture that
rewards excellence
and productivity
SIMPLIFY
the delivery
of exemplary
patient care

More than a decade later the practice continues to grow while the providers and staff deliver exemplary patient care and enjoy a healthy work-life balance.

* National Society of Certified Healthcare Business Consultants Annual Statistics Report