Providing timely, professional, cost-effective medical practice planning, assessment and development services to healthcare organizations since 1986.
Jim Cremins needed a practice assessment for his Hagerstown, MD medical practice. Dr. Cremins was trying to determine whether to take the practice private. It is currently a hospital-run facility.
Dr. Cremins was referred to Healthscope and Brian King by a former colleague who understood his need for expert guidance. Healthscope reviewed the practice’s financial and production trends and rendered an opinion regarding the feasibility of taking the practice private.
Healthscope was able to offer an assessment and explanation of viable options critical to making this important decision. The financial benefits, expenses and factors in transitioning away from hospital...
Ancillary care—lab tests, radiology, physical therapy, and other services which support the work of primary physicians—is becoming increasingly important as a revenue generator for medical practices.
According to data in the latest issue of MGMA Connection, single-specialty practices with ancillary care earn more revenue—up to $245,500 per physician in the case of surgical specialties. These practices spend an average of only 5% more per physician on operating costs to achieve these significant revenue gains.
Investing in Ancillary Services