Healthcare Management Resources

HMR presents the financial pro forma and business plan it developed to it's collaborating banking partners and secures capitol funds necessary to the new practice start up. HMR assists with incorporation issues, selection of corporate advisors, contracting and credentialing with third party payers, selection of business office systems and services, staff requirements, benefit design and more. HMR provides on-going, as needed administration, management and consulting services. Today, this physician is one of the most successful and well known specialists in his field. Case Study Two physicians employed by a large Minnesota-based healthcare system terminate their employment and start their own independent practice In November of 2000 the physicians contact HMR. On February 1, 2001 they saw their first patients as independent physicians in their own office location. They currently have two office locations, 15 employees and a substantial increase in their personal income. Case Study Private Practice Physicians Have Disruptive Staff Issues and Significant Cash Flow Problem Rendering Them Months Behind In Paying Bills HMR conducts discovery interviews with physicians and staff and makes recommendations to physicians which include termination of various staff members. HMR legally positions physicians to terminate a key staff person, conducts the termination meeting and assists in development and implementation of replacement strategy. HMR conducts a financial analysis which includes business office performance and overhead evaluation. HMR discovers negligent cash flow management and careless management of the account receivables. HMR assists in securing bank loan needed to remain viable. HMR takes over all business office functions and cash flow management. In less than one year the practice becomes current with bills and the over all financial performance and financial reporting in dramatically improved. Testimonials " HMR took care of everything. Their expertise and guidance were monumentally significant to the success we are enjoying today." " The first most important aspect of success is vision. The second is surrounding yourself with the people and resources that can help you achieve your vision. HMR's expertise, advise, timely response to urgent needs and general healthcare business savvy were very instrumental to my success. " We had no idea how serious our situation was until it was almost too late. Because of HMR we were able to recover. HMR provides us with the management expertise we need to continue to grow in this competitive market.