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
& Long-Term Goals
IMPLEMENT
Scalable Systems
to Optimize Patient Flow
SIMPLIFY
Facility to Increase
Utilization & Clinical Capacity
EXPAND
Service Lines, Exam
Capacity & Patient Volume
CULTIVATE
a Culture That Rewards
Excellence & 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.

DOCTORSMANAGEMENT SERVICES UTILIZED
  • Senior Management Consultant
  • Accounting Services
  • Coding and Compliance
  • Human Resource Management
  • OSHA & HIPAA Compliance
  • PowerBuying Department

* National Society of Certified Healthcare Business Consultants Annual Statistics Report