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 ownership (space and staffing needs, cash flow, optimal timing, etc) were analyzed in depth.
“The directness and efficiency of their approach was appreciated, as well as their honesty in what their initial consultation provided,” Dr. Cremins says. “Healthscope was very professional, and answered questions clearly, directly, and with excellent response time.”
By doing a telephone consultation and remote practice assessment, Healthscope was able to compile useful data and present business scenarios without incurring excessive costs for Dr. Cremins and his partners.