As a physician or provider, you are responsible for your patients' experience and care. Many physicians have become averse to the administrative burden in healthcare due to its complexity and in many cases the lack of trust that can exist between a physician and their administration. Building relationships with people
Pro Forma, Projections, & Transition Plan
A Pro forma is a structured analysis of your projected financial performance over a given period of time. Depending on your specialty and anticipated patient volume, we can build out this projection using reimbursement rates on key services you provide. If we can obtain legacy data from your current employer, that is also a bonus to ensure accuracy. However, we always look at the “worst”, “middle”, and “best” case scenario for you to have a sense of what might be the range of outcomes.
The Organization & Vision,
One of the greatest parts of starting your own practice is the ability to add a personal touch. Emphasizing your vision and passion will be what connects you and your team to patients and your community. This is also what will drive your growth and success. We have experience helping translate what drives you into your company’s culture, strategic plan, and brand. Having these aspects in place will allow you to stand out among your community as a preeminent practice within your specialty.
Starting any business comes with its costs. Especially in the medical field, you will need to plan to borrow money upfront to be able to get the ball rolling. The process of securing financing can be a rigorous one and involves a lot of documentation and planning. Fortunately, we have relationships in this industry and can also leverage the other tools we provide to you in the Practice Start-Up package to convey your potential to lender prospects and secure the funding you will need.
Commercial Real Estate
Choosing your location has a big impact on your success. There are varying strategies on whether to buy, lease, or build medical office spaces, and the best decision can be contingent on a multitude of variables specific to you. We help walk you through these decisions and connect you with real estate partners, as well as provide assistance in negotiating closings and leases to best suit your needs.
Keep Your Existing Patients Engaged
Your patients seldom care about what corporation you used to work under. They have developed a relationship with you and will want to follow you in your next venture. Your prior place of work will have to inform patients of your new whereabouts, but we will also help you get the word out to make sure your patients continue their care with you.
Trust is crucial when selecting an administrative consultant for your practice start-up. At CareFlo, we provide innovative, thorough, and compassionate services. We understand the challenges of starting a new practice and the importance of a trustworthy consultant.
Our expertise, experience, and unwavering commitment to integrity, transparency, and client satisfaction set us apart. We prioritize building strong relationships based on trust and open communication for long-term success. Our story demonstrates our passion for guiding healthcare professionals in practice start-ups and achieving their goals. We are dedicated partners invested in bringing your vision to life.
CareFlo provides personalized attention, tailored solutions, and ongoing support. Visit our website to learn more about our work ethic, extensive experience, and success stories. Let us guide you towards a prosperous future in the healthcare industry. Trust CareFlo as your ally on this journey.
Payor Contracting, Credentialing, & Licensing
When you first get started, there is a lot to get done in regard to getting set up with Payors, which is paramount for your practice's revenue stream. We offer Contracting & Credentialing Services with maintenance to maximize your revenue and ensure this critical step is handled properly.
Risk Management & Compliance
From insurance coverage, to having the right posters hanging in your office, there is a wide range of compliance measures that need to be taken to minimize risks or threats to your practice.
We work with our preferred partners to ensure that you have the right tech to streamline your workflow and meet HIPAA requirements.
Staffing and HR
Finding and training the right people can be challenging. We help you recruit your team and get you set up with payroll, benefits, and other HR components. We also work with your staff to improve their workflow.
A critical part of your revenue stream, it is paramount to explore various billing options for you and help you make the decision that best supports your practice. We also assist in denial management and improvement analysis to pinpoint bottlenecks in your revenue stream.
Marketing (new patients / referrals)
We work with you and preferred partners to leverage modern methods for marketing as well as maintaining and developing good relationships with your referral sources.
We've made it easy for you to understand your practice's performance. Running a successful practice requires continuous improvement and, in this day and age, leveraging state-of-the-art tools. We have developed a data analytic tool that will empower you to easily monitor and improve your practice's performance by making data driven decisions.
Operational Analytics and Support
Alongside other services, we strongly recommend the use of our proprietary analytic solution. We monitor 4 key areas of your practice using Business Intelligence (BI), which is a term that encompasses today's most advanced data analytic tools.
Using these tools provides you the ability to gain real, meaningful insight using complex data, as well as prevent revenue or patient experience errors.