The US Medical Private Practice Trend
- The trend is obvious...there has been a decrease in physician reimbursement in the United States by 29% from 2001 to 2024 with inflation which has risen 54% in the same time period. Medicare has only increased reimbursements during this time by 8% and is trend is not likely to stop. -AMA 2024
- This indicates that private practices are facing significant challenges, leading to physicians' practices either affiliating with hospital systems or being acquired by private entities. Without implementing diversified growth strategies, fostering a cohesive medical team, optimizing operations, establishing a consistent marketing and sales process, while simultaneously maintaining an active community presence, sustaining these independent practices will remain challenging.
- Without physician private practice, patients lose access to autonomy with their physician, patient care standards decrease as wait times for care and specialty practice dramatically increase, leading to higher prices and lower quality for overall healthcare.
- Angle's mission is to empower medical private practices with financial and operational growth strategies to restore the sanctity of physician private practices and the longevity of quality patient care.
A recent study indicated 49% of physicians were experiencing physician burnout- Medscape 2024
Angle Healthcare Solutions identifies the importance of implementing physician-centric attributes into all of our physician services, in order to reduce physician burnout, improve productivity, and raise worker satisfaction. Here are a few examples:
- Evaluation of EMR vs. Throughput: How much is your current EMR system costing you in terms of time? For every hour of direct patient care physicians spend 2 hours on EMR and desk work. -Annals of Internal Medicine
- Bottleneck identification:
In order to process a patient during a typical visit what steps have to occur and is there a bottleneck in the process? Is there enough staffing to maximize implied utilization? These and other assessments will reduce physician load while improving productivity and profitability.
Angle's Marketing and Sales Strategies
Utilize Angle's marketing and sales systems at every stage of your company's customer acquisition process. The sales cycle is meticulously analyzed and optimized to achieve a lead closing rate exceeding 90%.
- Marketing Systems: 3 tiered system with a full year of planning. Analysis and action steps at each phase of the customer decision journey keeps you pro-active to market fluctuations and produces steady lead generation growth.
- Sales Systems: Leveraging marketing systems to produce predictive, repeated, statistical results.
- Staff marketing/sales training on-boarding:
All staff contribute to marketing and sales, ensuring consistent interactions to generate leads and opportunities. Angle will train your team for cohesive performance.
Angle's Financial Planning
- Financial Analysis: Evaluation of financial reports with action steps to achieve business goals. Concurrent operational planning is critical to achieving financial goals.
- Breakeven & ROI analysis: Determination of the appropriate timeline for cost recovery along with timeline for profitability.
- Financial Prediction Modeling:
Systems designed to determine financial decision making so that you can keep doing what you love.