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    3 Reasons to Hire a Healthcare Consulting Group

    Posted by William Reiser on Oct 18, 2017 8:00:00 AM

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    If you’re in the business of owning medical practices, you’ve probably heard the term “healthcare consulting” before. Healthcare consulting firms work with health system and hospital-owned medical practices to improve efficiency, optimize everyday operations, better meet patient needs, and increase the bottom line for the health system.

    The question is, how do you know if the time has come to consider medical practice consulting services?

    Here are some of the best reasons to hire a healthcare consultant for your health system medical practices.

     

    You Need to Engage Your Physicians

    Your employed physicians—especially primary care physicians—have a greater impact than you may realize on operational efficiency, financial viability, patient satisfaction, and medical practice growth. In other words, if you want to see sustained improvement in your medical practices, you need to get your physicians on board.

    But the task of bringing executives and medical practice providers into alignment can be daunting. So how do you get started? This is where an experienced third party can make all the difference.

    In high performing health system medical practices, executive and physician leaders work together on governance councils to define a vision, set performance expectations, establish policies, make decisions, and develop a culture of accountability within the medical practices. The right healthcare consulting company can help you create a sustainable council system by providing education, expert insight, and guidance all along the way.

     

    You Need to Pinpoint Areas for Improvement

    As many hospital executives have discovered, running a medical practice is far different from running a hospital or health system. But even when you know something isn’t working right, it’s often difficult to identify exactly what the problem is—or how to fix it.

    The best healthcare consulting companies can do a deep-dive into medical group operations and provide a detailed look at how your medical group is doing when compared to best practices. This means that you can know, in detail, what you need to improve—and how to go about making sustainable changes.

     

    You Need a Seasoned Leader in Times of Change

    Often health systems will engage a healthcare consulting firm to provide an interim executive during times of transition. An experienced interim manager from a top healthcare consulting firm doesn’t just serve as a warm body in an executive role waiting to be filled. The best interim managers bring their expertise to the table in identifying areas for improvement and optimizing day-to-day operations. They also pave the way for the incoming permanent replacement so he or she can hit the ground running.

    These are only a few of the reasons health systems and hospitals choose to hire healthcare consulting firms to improve the everyday operations of their owned medical practices. Keep an eye out for the next post, where we’ll discuss even more of the important reasons to invest in services from a healthcare consulting firm.

     

    Topics: Medical Practice Consulting, Medical Group Consulting, Healthcare Consulting, Physician Group Consulting

    Halley Consulting Builds High Performing Medical Groups

    Industry Insights from Leaders at Halley Consulting Group

    Halley Consulting Group has a proven track record of building high performing medical practices. We can show you how to continue to benefit from the downstream revenue provided by your owned physician network, while at the same time, diminishing the losses. If this type of measurable performance improvement would be of interest to you, please contact us! We would be delighted to visit with you. 

    Check our blog regularly for industry insights on many topics, such as:

    • Enhancing physician-hospital relationships
    • Improving performance through operational governance
    • Managing medical groups
    • Evaluating revenue cycle
    • Planning physician compensation
    • Facing changes in the healthcare industry

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