Dr. H: Vascular Surgeon Practice in Suburbs of Los Angeles Location Los Angeles, Suburban Categories Vascular Surgery, Consulting Case Study: Vascular Surgeon in need of assistance to shore up practice profits Vascular Surgery Consulting:Dr. Hameed, Vascular Surgeon Practice in Suburbs of Los Angeles A wonderful and kind vascular surgeon seeking to add additional surgeons. However, …
Dr. H: Vascular Surgeon Practice in Suburbs of Los Angeles
Location
Los Angeles, Suburban
Categories
Vascular Surgery, Consulting
Case Study: Vascular Surgeon in need of assistance to shore up practice profits
Vascular Surgery Consulting:
Dr. Hameed, Vascular Surgeon Practice in Suburbs of Los Angeles
A wonderful and kind vascular surgeon seeking to add additional surgeons. However, struggling to make ends meet in a busy practice. The practice accepts most insurances and his reputation is spotless in the community. His calendar is mostly full. Yet, his profits do not reflect his skills or the number of surgeries performed in a year.
The challenge in this vascular surgery consulting task was to find where the losses were occurring and thereby increase profitability of his clinic.
Key Areas of Analysis:
Review Entire Billing/Coding Process
Surgical practices have complex billing and relationships with hospitals. A thorough analysis of current billing and contractual arrangements was performed.
Understand Core Business/Goals
As Dr. Hameed was nearing retirement, it was vital to understand his desires and how he perceived the transition.
Understand Practice Management
Thorough review of staff utilization, Profits and Losses for the clinic, profitability of procedures and understanding of current systems in place was performed.
Results
Key areas of losses were discovered. Recommendations were made to help stem losses. Recommendations were also made to increase profits.
