Today's physician providers are under pressure as never before. Decreasing reimbursements, rising practice-related costs, and increasing demands from patients, payers, and hospitals are all combining to create an extremely challenging environment. TRG Health Care Solutions has an array of products and services that are designed to assist with the revenue and expense challenges faced by physicians in today's changing marketplace.
Practice Valuation and Health System Integration Planning
While professional and ancillary reimbursements continue to decline, putting increased strain on the financial health of most specialist practices, hospital reimbursements continue to increase, thereby suggesting a targeted desire at the federal level to drive physician-hospital integration. In addition, because the current regulatory environment enables the development of incentives in an employment model that are prohibited in other hospital-physician relationships, many physicians are more receptive than ever to considering acquisition and employment opportunities with health systems. TRG can help with:
- Valuation of your practice
- Compensation models as an integrated member of a health system
- Development of appropriate governance, non-compete and other key terms
Your practice may be at the peak of its value. There are benefits of being the first in your marketplace to consider integration with a health system.
Physician Practice Strategic Planning
Physician practices are under increasing pressure today to expand services, increase market share, and operate with greater efficiency. Faced with questions that range from the clinical to the administrative, practices are finding a multi-year strategic plan necessary to chart a path to future success.
TRG Health Care Solutions develops strategic plans for physician practices that address these three key components:
- Environmental Analysis
- Identification of Strategic Direction
- Implementation of Solutions
If your practice does not have a strategic plan for at least the next three years, you may be at risk for loss of market share and increased costs. Our team will help you establish the strategies to meet your goals and objectives, and delineate the tactics necessary to implement those strategies. The end result will be a business plan that will guide the direction your practice takes in the future, thereby ensuring its long-term health and success.
Recruitment
Seeking administrative leadership for your cardiology practice? We can help. TRG Health Care Solutions can utilize its national network to find the right leader for your practice. |