Strategic Consulting
Whether your practice is just starting out or already a large, well established operation, facing significant financial challenges or exploring opportunities for expansion or maybe you just need help managing the day-to-day responsibilities. Regardless of the situation, you can rely on us for experienced-based professional guidance and results.
Practice Formation:
Starting your own practice can be a daunting process, but Idilus will be there from step one. Our accomplished consultants will take care of the key aspects to get your business off and running.
We’ll perform a market analysis to find the right location for your practice, develop financial projections, determine capital requirements and guide you in structuring practice workflow and workspace design. We will assure you are credentialed with the correct carriers and recommend the technologies that fit your needs. As your practice prepares for opening day, our staff will set up your billing services and work with you to recruit top of the line employees.
Practice Valuation:
There are a number of triggering events (death, divorce, potential sale, etc.) that require the formal valuation of your practice. There are also a number of occasions where it is desirable to know what your practice is worth. Our in-depth understanding of practice operations enables us to provide credible, third party market valuations that consider financial and operational data as well as physician productivity and intangible assets.
Strategic Planning:
Whether you want to break ground on a new practice, build a brand to expand your presence or need help restructuring an existing practice, Idilus can provide you with expert guidance. We’ll make sure your practice is reaching its full potential and help solidify your position as an outstanding health care provider in your community.
Workout & Restructuring:
Our consultants have established strategic relationships and unique expertise that are essential for turning around financially troubled or struggling practices. We provide a comprehensive plan to transition practices out of financial stress and restore them to fiscal health, while evaluating current strategies and operational processes to identify potential obstacles to future revenue potential.
Mergers & Acquisitions:
Many physicians are attempting to increase their market share by exploring possible mergers or acquisitions that will result in improved access, reduced operating costs and enhanced quality of care. We will provide the expertise, resources and partners necessary to help you fulfill the vision you have for your practice.
Equity & Debt Financing Alternatives:
Whether you need capital for expansion, want to add to your professional medical team or anticipate the acquisition of new equipment or technologies, our network of lenders and private and institutional investors gives us access to monies and financing that can be tapped to ensure the future health and growth of your practice.
Crises Communications:
A positive reputation is paramount to the success of any practice. Unfortunately, events that threaten the reputation of your organization may occur. We can help you through those tenuous times by providing sound crises communications counsel to help you successfully navigate your interactions with the press, the professional medical community and your patients.
Accreditation:
Becoming accredited offers multiple advantages for your practice: participation in reimbursement programs, new marketing opportunities, increased efficiency and cost/quality control and enhanced market position as a fully accredited facility. Our accreditation experts can provide an on-site assessment of your facility, recommending changes and reviewing your application for completeness, accuracy and compliance.