How a Private Practice Consultant Can Help Your Private Practice Succeed

March 1st, 2023 | Private Medical Practice

When you start your own private practice, you go from solely being a physician to wearing many hats. The load can quickly get heavy, causing your practice to suffer before it even gets off the ground.

This doesn’t have to be your story, though, if you seek the help of a private practice consultant. Continue reading to discover how a private practice consultant can help your practice succeed!

1. Practice Growth

If your practice is stagnant, you may not be able to sustain it for long. A private practice consultant can assess your practice and identify potential venture opportunities and extra revenue streams. Rockett Healthcare also has a revenue growth officer who can show you how to keep your practice competitive and provide you with a feasibility analysis for new ventures, markets, and service opportunities. With the help of our consultant, you have endless possibilities for practice growth and development!

2. Efficiency & Workflow Configuration

The beauty of having your own private practice means tailoring your workflow configuration to increase efficiency. You can do this both with the design of your office space and the processes and procedures you follow during the work day. Finding a sweet spot for your workflow configuration can be tricky when you’re trying to balance other responsibilities. Having the help of a private practice consultant means having an experienced professional who can ensure maximum efficiency through your office design and day-to-day procedures.

3. Accreditation and Compliance

While accreditation is necessary to run a sustainable and successful private practice, it doesn’t come without its headaches. Going through the accreditation process can be long and grueling if you don’t have an expert walking you through it. A private practice consultant with years of experience can use established relationships and processes to get you the accreditation you need and make sure you’re running your practice in full compliance.

4. Medical Start-Ups

Starting your private practice may seem unattainable due to inexperience and the simple unknown. But, a private practice consultant who has gotten multiple private practices up and running can share their knowledge and experience to help you make your dream a reality. A consultant like Rock has a team of talented people who can help you start your practice efficiently and effectively.

5. Surgery Center Development

Your move to private practice may have stemmed largely from a lack of control over your own patient care and treatment. By developing a surgery center in your community, you can oversee your patient’s care from start to finish, including surgical procedures. A private practice consultant can help you set this up by finding possible location sites for the center, employees to run it, and proper equipment to use for procedures.

6. Office-Based Surgical Suite Development

A successful private practice does several procedures in-office to increase both efficiency and profitability. Creating an office-based surgical suite can seem out of your wheelhouse at first, but with the guidance of a private practice consultant, you can receive help with a feasibility analysis of this project, compliance training, and procedure manuals.

7. Favorable Contracts

Without the right amount of experience in private practice, you may have been bamboozled by the insurance companies in your initial contracts. A private practice consultant can help you renegotiate your contracts with the insurance company to get you better rates and increase your overall profit.

Help Your Private Practice Succeed With Rockett Healthcare Strategies

Starting your own private practice doesn’t have to be something you do on your own. A private practice consultant can bring valuable experience and existing relationships to the table that can ensure the success of your practice.

At Rockett Healthcare Strategies, Rock has decades of experience that he uses to help physicians start and maintain successful practices. Schedule a feasibility review today to get an expert’s opinion and find out what services we offer to help your practice!

Contact Rockett Healthcare Strategies today for help starting your own private practice!

Reach Out to Rock!

"Rock and I met when I was considering joining an existing endoscopy center. He helped me do the analysis that showed I'm better off doing procedures in my office and taking advantage of the rates he has negotiated with payers in the Chicago area. In addition to helping me design my center, equipping it, and getting it accredited by AAAASF, Rock has helped us implement multiple revenue streams and significantly increased professional fees over my prior rates. He also worked diligently to recover thousands of dollars in payments from our major payer that had been miscoded and denied."

Dr Manoj Mehta, MD

Endoscopy Center of the North Shore

Wilmette, IL

"Rock Rockett helped us to successfully launch our first healthcare product in the US. His knowledge and experience were instrumental in helping us understand and navigate a complex health system. We are thankful for his guidance and are excited to see what the future holds."

Aonghus Shortt, CEO

FoodMarble Digestive Health

Dublin, Ireland

"We contracted with Rockett Healthcare, LLC to help us develop our endoscopy center and contract with payers. Rock led a very successful contracting effort with the payers and we are earning combined facility and professional fees for office-based procedures that are 200-300% of Medicare ASC rates(depending on the payer). Rock achieved this for us by educating the local Hawaii payers on the value of office endoscopy in Hawaii's regulatory environment which makes it difficult to obtain an ASC license."

Dr Mel Ona, MD

Ohana Endoscopy Clinic

Kapulei, HI

"Rock and I met about 10 years ago when he led the negotiation process to get higher rates from our major payer for office-based procedures. He and his team helped us get our office endoscopy suite accredited and successfully completed negotiations with other payers.

More recently, I engaged Rockett Healthcare, LLC to evaluate the financial feasibility of merging with another GI group in our area. He did a terrific job of assessing the risk and reward potential of that transaction. He regularly proposes new strategies to better manage the practice and grow revenue. Rock is very prompt, forthright gets the job done expeditiously.

Rock’s contacts in the health care/insurance industry and his understanding of medical practices puts him in a unique position to advise physicians."

Suman Kaur, M.D.

Digestive Disease Associates, LTD

Hinsdale, IL

"We worked with Rock from day one of our project to develop a two room endoscopy suite for office based procedures. In addition to guiding the project from start to finish, he also has contracted with almost all of our major payers. His negotiations yielded rates with the payers that are 3x what we were getting when we did endoscopy procedures in surgery centers and hospital outpatient settings. We are grateful for his expertise and persistence in negotiating higher rates on our behalf."

Samuel Cordeiro, MBA

Prima CARE

Fall River, MA