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Great Lakes Advisory

(773) 904-8833 Chicago, IL 60613 M-F 8am-5pm, Sa-Su Closed Official site

Categories: Business Consultants, Business Services

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Medical Practice Consulting STRATEGIC PLANNING “Hope” is not a strategy. A windfall will not fall in your lap simply from working harder. It is critical for independent physician-owned practices to develop a disciplined strategy to ensure the survival of their practice. We will conceptualize the longer-term vision of your practice and develop a strategy that will better position the practice to remain guided towards your vision. LEADERSHIP & MANAGEMENT COACHING For a practice to maximize the potential of its staff, it is imperative that the staff is led by strong leaders. We will assist in the following: Develop a more effective leadership style Deal with conflicts and learn conflict-management skills Manage “difficult” people Enhance presentation and networking skills Learn how to have critical conversations Strengthen self-confidence, assertiveness, and well-being Develop “superstar” employees PATIENT WORKFLOW & SCHEDULE OPTIMIZATION Do you find yourself idle for periods of time during your day? If so, there is likely a governor within your workflow that is preventing your practice’s profitability from reaching its maximum potential. We will identify any and all inefficiencies within your patient workflow and scheduling protocol. Once these inefficiencies are identified, we will implement solutions to afford your practice the ability to see more patients on a daily basis and improve the overall patient experience from visiting your office. PHYSICIAN EXIT STRATEGIES When you retire, will your medical practice close its doors as well? Or is there a strategy in place to preserve the organization that you founded? Many of our clients express that they do not know what will happen to their organization once they retire. They simply hope that the savings accumulated over their career with the organization will provide an adequate amount of assets in retirement to service their spending needs. Unfortunately, this presents the risk of a lot of guess work and leaning on your financial advisor to ensure that your retirement is properly funded. At Great Lakes Advisory, we prefer to take a more methodical approach. We offer unique insight due to our investment background coupled with medical practice experience to develop a strategy that will provide more financial flexibility for you and your family in retirement and is aligned with your vision for the organization. PRACTICE EMPLOYEE GOAL SETTING & PRACTICE MORALE From our experience, we have found that practice employees display a stronger work ethic when they work towards goals. In turn, these goals hold employees accountable when they fall short of said goals and provide incentives when goals are met or exceeded. We will help your practice establish goals for each of your employees so that their interests are better aligned with the practice. In addition to setting goals for each employee, we will implement techniques that will create a positive workplace culture. Positive workplace culture attracts talent, drives engagement, impacts happiness and satisfaction, affects performance, and improves practice morale. PRACTICE GROWTH STRATEGIES Whether your practice is looking to expand geographically or looking to increase the daily number of patient visits, we will develop a customized strategy and perform the financial analysis to help you achieve your goal. CUSTOMIZED PRACTICE SOLUTIONS Is your practice’s problem not neatly categorized into any of the services listed here? You are not alone. Your practice is unique, and the solution to your needs requires a customized approach. Contact us today to tell us about the problem your practice is currently experiencing. PRICING Pricing is dynamic and determined on a contract-by-contract basis. The cost of the project is transparent and known prior to initiation of our services. We do not believe in add-on or hidden fees. The price stated within our service agreement will not change, and our engagement will not be complete until the services we agreed to perform are delivered. Our fee represents our contribution to your practice with a dramatic return on investment for you and an equitable compensation for our firm. If we are unable to confidently offer a solution that provides a material benefit for your practice after our fee, we will respectfully decline the engagement.

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