Conversion Options
We frequently are asked why we should be brought on to assist a physician. Our answer is this: you DON’T need a consultant – there are physicians all across the US who have done it by themselves. However, there are an equal amount of physicians who decide that they definitely WANT assistance, either in the form of a consultant or in the form of joining a franchise or corporate organization. We’ve provided a list of the benefits of each choice below.
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Do It Yourself:
PROS
- Lower transition costs
- Knowledge that you did it yourself
- Hands on approach allows for knowledge of every detail
CONS
- Large unexpected time requirements
- No knowledge of whether what you are doing works
- Ineffective, expensive communicating strategies
- Unproven marketing tools
| HCMC
PROS
- Customized approach based on individual practice requirements
- Allows you to focus on being a doctor, not on process management
- Ongoing advice on best practices
- Higher patient transition rate
- Implementation of processes perfected over time
- Knowledge of most effective communication
- Advice on reasonable expectations based on past experience
- Established documents for a new practice (HR, HIPAA, OSHA, etc.)
- You are still in control and make all the decisions
CONS
- Larger transition costs than doing it yourself
- Less interaction with day-to-day transition details
| Franchise Models
PROS
- Proven standardized approach
- Large staff to do work
- Lowest physician time requirement
CONS
- Single approach for all physicians
- No flexibility in practice design
- Long term financial commitments with high ongoing costs
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