Griffin Healthcare Advisors

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...