PODIATRY GROUP EXCEEDS 40% PROFIT MARGIN

SITUATION

A podiatry group with five doctors, a physical therapist, and six locations contacted DoctorsManagement (DM). The group’s profits were less than 30% and revenue was stagnant. The lack of structure inhibited their ability to take advantage of growth opportunities. In addition, tension between the providers created turmoil among staff and reduced productivity. One of the biggest challenges for DM was to implement operational and financial systems without disrupting productivity.

RESULTS

  • Grew profits to more than 40%
  • Increased monthly revenue by 39%
  • Raised performance to 90th percentile of peers*
  • Expanded from 6 to 11 locations
  • Added 4 providers and 2PTs

HOW WE DID IT

PRESENT
Strategic
Business Plan
IMPLEMENT
Operational
Controls
SIMPLIFY
Financial
Reports
INCREASE
Efficiencies
EXPAND
Revenue
Opportunities
CREATE
Cohesion
Among Staff

More than ten years later the physicians maintain a professional and productive environment. Each team member takes responsibility for his or her role in creating an exemplary patient experience.

DM continues to help the providers and managers maintain focus on their common goals, which include expanding their business and delivering high-quality patient care.

* National Society of Certified Healthcare Business Consultants Annual Statistics Report