Griffin Healthcare Advisors

Running a medical practice successfully demands much more than delivering quality patient care. Therefore, the demand for medical practice management consulting is on the rise. Besides that, getting your finances right is also crucial for your business. However, it is easier said than done! Imagine managing complex billing systems and chasing unpaid balances along with your medical services. Sounds tough, right? Indeed, it is! Did you know that 82% of startups and small businesses fail owing to poor cash flow management ? Yes, you read it right! That is exactly why bookkeeping for doctors matters.   This blog will take you through how bookkeeping services can help enhance the financial health of your medical practice. Let’s dive in!   #1 Accurate Cash Flow Monitoring It is no secret that doctors have to attend to hundreds of patients on a daily basis. Amidst such hectic schedules, it is easy to lose sight of your income and expenditure. As a result, the chances of in...

If you think running a medical practice is easy, think again, because recent studies indicate that around 80% of small and independent medical practices fail due to a variety of reasons. When you are running a medical practice, patients expect you to be compassionate and offer top-notch care. However, on the other hand, you also need to keep your business profitable by completing budgets, handling staff, and of course the ever-changing industry regulations. How do you do it? Well, the answer lies in medical practice management consulting .   Wondering why you need to work with medical practice startup consultants and how they can make your life easier? Well, here you go!   Do You Wear Too Many Hats? Chances are that you became a doctor to care for the people, not to wrestle with spreadsheets or all the insurance claim headaches. However, running a medical practice often demands you do just that. Many medical professionals find themselves stretched thin between patient...

According to Bloomberg, about 29% of hospitals in NYC are financially distressed. Even when we don’t consider the finances, there are also other issues like staff shortages, low reimbursement rates, and poor federal ratings. Let’s be honest: running a medical practice in the States, and especially the Big Apple isn’t getting any easier. In between the lines of managing appointments, handling insurance claims, and keeping up with patient demands, healthcare providers can feel like taking care of a hundred things at once.   And guess what? The challenges are not halting anytime soon. In fact, as we move into 2025 and beyond, the healthcare industry will move at a pace that humanity has never seen before, and at that tremendous pace, you won’t want your medical practice to be left behind, would you? This is where medical practice management solutions come into the big picture. How and why? Read on to find out.   Patients Expect More than Ever Here’s the thing: patients t...

  Starting a medical practice can seem quite exciting. You get the chance to put your training and passion to work, under your own roof, and having a healthcare facility means a window of opportunity to give back to your community and serve society in a noble line of profession. However, let’s be very real: between the vision and the grand opening, there’s a tricky maze of decisions. From budgeting to finding the right staff, you might think every now and then, “Where do I even start?” However, you aren’t alone. Setting up a medical practice is a huge undertaking, but with the right medical practice startup consultants , you can make it relatively easier.   Want to know about the obstacles that lie ahead in the process and how you can overcome them? Here’s a guide to help you get started!   #1 Financial Planning and Funding Starting a medical practice means significant financial investment. From buying equipment to setting up a facility, hiring staff, and marketing your s...

Did you know that the primary care market size in the US is likely to reach USD 503.17 billion by 2030?   Yes, that’s true! However, running a medical practice startup successfully isn’t easy. It demands much more than just medical practice. Strategic planning, efficient management, and a keen understanding of the modern healthcare landscape are vital. Therefore, opting for medical practice management consulting services proves to be a smart decision.   Ready to take your practice a notch higher? Partnering with a medical practice startup consultant can be a game-changer! In this blog, you will explore the key benefits of working with the consultants. Let’s dive in!   Enhanced Operational Efficiency In the ever-evolving healthcare landscape, streamlining operations can be indeed challenging. However, when you decide to work with management consultants, improving operational efficiency becomes effortless. The experts can assist you with task delegation, st...