A unique aspect of owning and operating a healthcare company is that healthcare providers are often not involved in the day-to-day management of their healthcare companies. In order for physicians to render personalized medical care to patients, they must delegate the day-to-day management of their medical business to others. This delegation of management serves as a catalyst for the expansion of healthcare administration, with the objective to facilitate the management of healthcare provider businesses, including outpatient facilities and senior care facilities.
While large healthcare companies employ a substantial staff of healthcare administrators, it is more challenging for independent outpatient facilities and senior care facilities to bear the operating costs of a vast administrative staff. Coupled with fewer economies of scale and lesser bargaining power than larger healthcare companies, independent outpatient facilities and senior care facilities face many financial hurdles to maintain or grow their business while simultaneously providing quality medical care to their patients. Healthcare consulting helps to bridge the gap for independent outpatient facilities and senior care facilities facing these financial challenges.
The purpose of healthcare consulting is to assist healthcare business owners in making their healthcare companies achieve financial growth, while increase the valuation of the business. At Seigel Advisory Services, our team of qualified professionals provide a broad range of services to improve the financial profitability and value of your medical business.
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5 Keys to Effective Healthcare Consulting
By Gregory Seigel, J.D., LL.M.
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At Seigel Advisory, we assist healthcare business owners in a variety of consulting services, including:
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