MD Growth Strategies

Since 2007 MD Growth Strategies has helped medical practices increase revenue, acquire more patients, and manage expenses to achieve higher income levels and profitability.

We have worked with 30 medical practices in 12 states, and launched a total of 12 start-up clinics in 6 states.

Recent Activities

Recent activities have included helping a well respected plastic surgery clinic and MedSpa improve operations and profitability through implementation of a financial benchmarketing process that measured revenue sources, expenses, provider productivity and profitability against industry baselines. This was highly successful, and is an example of a profit improvement process that can be implemented in any type of medical practice or healthcare related business.

Previous accomplishments included creating a seven-partner gastroenterology practice from ground zero from an idea to a fully functioning medical practice with 60+ employees including physicians and physician extenders, and developing a $35,000,000.00 medical plaza which included an ambulatory surgeruuy center with two operating rooms, seven procedure rooms and associated pre-op and post-op areas as well as all ASC support functions.

Medical Practice Business Development

The challenges and time constraints of day-to-day operations within a medical practice can often make it difficult to set aside time to focus on practice building. MD Growth can provide you with a proven strategic partnership that makes it possible to manage and grow your practice efficiently. We are trusted advisors to physicians and medical practices, providing assistance with:

• New Practice Start-up planning and activities
• Business Management and Administration
• Billing, Financial Management, Revenue Cycle Management
• Developing New Revenue Streams & Strategic Relationships
• Patient Acquisition, Branding & Marketing, Growth Strategy

Whatever your practice goals are, we are uniquely equipped to help you plan and execute a strategy to achieve those goals in a timely fashion.

Ambulatory Surgery Center Development

Our unique experience in surgery center and medical real estate development can provide you with the confidence that your project is delivered on-time, on-budget, and finished to your specifications. Our experience completing all aspects associated with surgery center development and start-up can help you navigate the complexity and volume of work involved in this process.

Our expertise includes, but is not limited to: revenue cycle management, development of policy & procedures, financial and legal infrastructure, growth initiatives, staffing, and physician recruiting can help you navigate the complexity of

For new ambulatory surgery center developments, we have created a 5-step feasibility assessment to aid in the decision-making process, which will be customized and refined for each specific project:

ASC FEASIBILITY ASSESSMENT:

PHASE ONE: Discovery Process: Information Gathering
PHASE TWO: Facility Requirements
PHASE THREE: FF&E: Furniture, Fixtures & Equipment
PHASE FOUR: Human Resource Requirements
PHASE FIVE: Financial, Regulatory & Compliance

The goal of the feasibility process is to provide the owner/investor with enough information to make an informed decision whether or not to proceed with the project, and a roadmap to successful completion of the project, if desired.

Business Growth

We are have a history of success in executing proven strategies to increase ASC/practice revenue, pursue plans for expansion and establish a continuous fiscal maturationfor our clients. We can help you achieve superior results at a fraction of the expense you would expect from traditional marketing firms.

These are some the tools and activities we use to help you develop your practice, generate additional revenue and position you for strategic growth in a way that meets your practice goals. These activities will also increase your visibility to the community, new patients and current patients. Together we will decide which of these are appropriate for your specific situation.

Review and utilize current Patient Demographic Data for patient outreach
Create new office collateral, signage, handouts
Practice website review and revisions (if needed)
Social media content and management
Search Engine Optimization – makes you more visible to new & existing patients
Search Engine Marketing
Dedicated Landing page management
Reputation Management
Google Business updates with current information and materials.
Create and distribute a monthly digital patient newsletter
Patient conversion management utilizing a customer relationship management (CRM) system

Strategic Planning/Exit Strategy

The activities in your personalized development plan can all work together to create a higher valuation for your medical practice by incorporating these elements that are necessary to make the practice an attractive business opportunity to potential buyers/partners. Your years of hard work should have a high value in the marketplace, and your dedication to your patients and their families should be honored. We can help you create a legacy in which others will follow to continue your work and service to your patients.

Standardized processes in place i.e. Written policies & procedures
Sound financial management
Adherence to standard accounting and bookkeeping principles
Performance Benchmarking
Robust web presence and digital outreach
Regular contact/outreach with existing patients
Scalable Infrastructure
Growth Potential

Next Steps

Let's have a conversation! Connect with us today at Bill@MDGrowth.com or call (501) 240-1968.