Urgent Care Consultants has the tools and blueprints you need for urgent care growth.
If you’re not seeing the urgent care volume you had expected for your center, you’re not alone. Many urgent care startups are not as profitable as the owners would like for them to be. The good news is there are many tactics to help grow your enterprise and increase revenue.
The key is having a solid, well-informed game plan. The experts at Urgent Care Consultants have the experience and industry insight to analyze your market and urgent care operations to develop a plan for improvement and profitable growth. We start with proprietary market and site analytics and our predictive performance algorithm that accounts for factors like population density, demographics, payer mix, traffic counts, and urgent and primary care competition. Let us show you how your market and site rank.
Is there opportunity to improve your current operations?
Our operational improvement consulting evaluates the end-to-end patient process and provides recommendations for driving better throughput, shortening wait times, improving documentation, optimizing collections, reducing overhead and containing labor costs.
Acquisition of other urgent care clinics may be in the cards or building new locations. You could add services such as occupational medicine, primary care, aesthetics or behavioral health. Other “low hanging fruit” ideas for urgent care growth: Improve operational efficiency of your clinics and drive more traffic through your doors.
Urgent Care Expansion
A firm foundation supports urgent care expansion.
How does growth occur in urgent care? It’s by adding new patients, new rooftops, new geographies, new services, new payers, and by serving new patient populations.
Do you dream of urgent care expansion? Want to operate a multi-site urgent care network to serve your entire community? Be Careful! While this laudable goal can pay off tenfold, there’s also the risk that operating not one, but many unprofitable clinics can backfire. Hard. If your first clinic isn’t operating at high efficiency, opening a second could just double your staff issues and financial losses.
Urgent Care Consultants will ensure that you establish a strong foundation to build on before you take the next step of expansion.
Urgent Care Acquisitions
Sometimes urgent care acquisitions make more sense than starting from scratch.
When acquiring an urgent care center, decisions need to be made such as whether you’re purchasing the business, including contracts, or the assets. In some cases, ]urgent care acquisitions—not reinventing the wheel—make more sense than building something new from the ground up. Entrepreneurs generally succeed using this strategy while suffering far fewer financial difficulties than the typical startup. The key lies in identifying centers that exhibit symptoms of falling short of their potential.
Urgent Care Consultants takes a 360-degree approach to acquisitions by evaluating all components of revenue, expenses and capital investment required. We quantify upside potential or downside risk in patient volume, net revenue per visit driven by contracting and credentialling, coding and documentation, and revenue cycle processes. We benchmark all expenses including staffing levels, scheduling and salary and benefits. And we identify capital investment needed from deferred maintenance to equipment and technology upgrades needed. With this we show you hidden “value” in the acquisition, taking EBIDTA from “here” to “there” so you can make a more informed decision.
