Practice
Management
INTERIM / Contract Management
When there is change among the ranks of leadership, a physician practice can be impacted in a myriad of ways. Day-to-day workflow can shift to accommodate areas of new or growing responsibilities, stretching an already thin overworked support team. Organizations can go through a phase of uncertainty as employees look to physician leadership for reassurance and direction. One thing is certain: patients still need to be cared for and the daily operations must go on. It is not uncommon for physician practices to seek Interim Management services to help maintain stability and ensure that the business continues normal operations. Interim Management also provides administrative guidance and emotional support to staff, leaving you one less thing to worry about.
InnoMed Management Group, based in Lincoln, Nebraska provides Interim Management services to help physician practices work through this transitional time.
Practice Administrator Search
Many clients seek InnoMed’s expertise to manage the search and recruitment phase of replacing a practice administrator. Often, this involves determining what type of candidate the practice needs. The physicians may want to strategically go in a different direction when there is a change in an executive position and seek applicants who align with their vision and achieve long-term goals. Most importantly, the individual has to be a good cultural fit.
Typically, an InnoMed interim administrator will work with a client, establishing short-range objectives that can be completed in the first two to four months. Longer range plans will also be identified. InnoMed often uncovers other areas of inefficiencies in the organization and helps practices identify processes that may need revamping. We also assist in implementing changes while we are part of the team. If changes or special projects are more long term in nature, a Contract Management option may be a better choice until the changes or project is completed.
InnoMed’s experienced team of professionals can hit the ground running to manage your practice’s day-to-day operations, whether that is on an interim or contract management basis. Because of our experience and expertise in practice management, often clients see immediate overall improvement and cohesiveness within the organization. Other practices utilize us on a retainer basis, partnering with existing management as a trusted resource for their leadership team.
Retained Management Option
Many physician practices prefer working with InnoMed on a retained basis after our contract engagement is completed. This allows the practice to continue to have access to a trusted resource when a sideline consult is needed as things pop up for both physicians and management. It also accelerates the ramp-up time needed to become familiar with the intricacies of your firm, if or when a new administrator is placed.
InnoMed Management Group in Nebraska offers a wealth of knowledge and experience to meet your organizational needs. We welcome the opportunity to discuss our services with you.
Administrative Recruitment & Retention
Administrators and managers have many of the same decisions to make when choosing career paths, between joining a health system or an independent physician practice. For independent private practices, you want to attract the brightest minds who are a good fit for your group. Keeping them employed is also important. Having a robust recruitment and retention program will go a long way in achieving those two goals.
Let’s start with recruiting. Whether it’s to fill a vacancy or add a position to manage growth in the practice. InnoMed is there every step of the way. Understanding where your practice is and where it needs to be will help to define recruitment strategies.
InnoMed has helped a number of clients find and recruit individuals who bring the right experience, knowledge, and personality that complement the group. Having a structured recruitment plan will make the process more manageable and result in applicants feeling you have thought of every detail when it comes to wanting them to join your group. InnoMed in Lincoln handles all aspects of the recruitment process, from initial contact and screening to making the offer and negotiating the contract.
Assess Practice
Assist in Development of Position and Advertise
Screen and Assess Candidates
Conduct In-depth Telephone Interviews
Qualify Candidates
Select Top Candidates
Facilitate On-site Interviews
Negotiate Offer
Develop Onboarding Plan
Once the hiring process is completed, retention strategies help to ensure that new hires are fulfilled in their jobs, have the technology they need, and are content with their decision to join the group.
Your retention strategy should also extend beyond the workplace to include issues such as the relocation of family members and getting them acclimated to their new community. InnoMed can help make the recruitment and retention process seamless and rewarding for both you and your new hires.
To discuss Administrative Recruitment and Retention services, contact our experienced team at InnoMed Management Group centrally located in Lincoln, Nebraska.
Benchmark Practice Analysis
As physicians, you rely on evidence-based medicine every day when it comes to providing care to your patients. The same is true when it comes to the business side of healthcare and practice management. A Benchmark Analysis allows a physician practice to compare itself to other similar practices in an evidence-based manner. InnoMed can conduct a Benchmark Analysis for your practice starting with a financial analysis using standard industry metrics. Together we can then use the analysis to establish baseline criteria for the evaluation of the practice as a whole and to provide a roadmap of areas that need additional attention.
Population Health Management
For primary care practices and those involved in organizations with value-based contracts, an understanding of population health management is critical to future success of your organization. As insurers and CMS move toward paying for quality and preventive care, rather than just paying for office visits for sick people, InnoMed can assist you with gathering, analyzing, and acting on your patient data to identify areas with potential for increased quality and resulting reimbursement.
Strategic Planning & Marketing
Every physician practice needs a strategic plan that provides direction, sets objectives, and drives actions to ensure your organization’s success. For physician practices, healthcare is more complex and constantly changing. A strategic plan must be able to adapt to these changes that directly impact your practice and operations today, as well as in the future.
InnoMed Management Group, provides clients with expertise in the Strategic Planning process. Together, we create a plan that positions your physician practice for long-term growth and success. We start by listening to you, your colleagues, your management team, and staff. We learn about your goals, and what challenges you feel you face in achieving them. It is also important to consider external factors that will impact your practice, such as healthcare and economic trends, medical advancements, technology needed to support your services, expansion of facilities, and staffing. We work with you to identify your vision, key areas, goals, and strategies to achieve objectives.
Importance of Strategic Planning & Marketing
Strategic Planning gives practices a working plan that drives every aspect of the organization, from the departments that provide direct patient care services to operations and finance. It makes good business sense that you want to keep physicians, employees, and other stakeholders informed to encourage belief in your vision, the leadership, and the success of your organization. At InnoMed, we suggest including everyone in the process.
Share the vision and strategic plan through well-defined communication that all members of your organization can understand.
Communicate with all departments what their roles are in achieving the goals.
Engage your employees so they feel valued, committed, and motivated to help achieve the vision.
Encourage collaboration as an important element in realizing the vision and long-term goals of the physician practice.
Having a well-thought-through strategic plan for your practice helps you stay on track in achieving your vision. InnoMed’s years of experience and knowledge can help you set attainable goals that will position your physician practice for success well into the future.
Marketing Supports Your Strategic Plan
Physician practices need a strong marketing plan that supports the strategic objectives of the organization. Tactics used to implement your plan can include market research, digital and traditional marketing, public relations, and involvement in the community. InnoMed has experience working with various types of physician practices when it comes to growing your base and retaining patients. We work with you to determine long-term strategies to grow your business. We can help you develop a marketing plan that best fits your needs and takes a comprehensive approach to tactics used.
If you need help with Strategic Planning and Marketing or just need a sideline consult, InnoMed Management Group based in Lincoln, Nebraska welcomes the opportunity to talk with you about how we can help.