Physicians and administrators must evaluate their current services and incorporate new revenue streams to achieve growth in their medical practices.  Lower reimbursements, increasing expenses and a constrained economy require providers to continually analyze sources of revenue and control costs to maintain income levels and profitability.

Adding Ancillary Services is a great way to increase practice revenue and
practice profits.  But adding ancillary services can be risky.   Legal
ramifications and impact of increased costs to the practice need to be analyzed.  Even if the economics are favorable, the philosophy of the new service must fit the practice mission and the capabilities of the staff. 
Appropriate analysis of internal and external factors must be undertaken before launching into ancillary services.

In this audio conference, Max Reiboldt, CEO of The Coker Group, will identify specific operational aspects that practices should consider to enhance its future market position. 

Join us and learn the following:

1.  What are ancillaries and why do I need them

2.  What are the rules to follow and what do I need to know about due diligence

3.  What are the legal and regulatory issues and what is my exposure

4.  How do I implement ancillaries and what are the pre-opening requirements

5.  How do I monitor and manage the operations of my ancillaries and benchmark performance

6.  How can I assess profitability and implement an ongoing assessment plan

Our Expert Speaker:

Max Reiboldt, Managing Partner and CEO of The Coker Group, has been involved with medical practice consulting even before joining Coker in 1992.  Mr. Reiboldt’s expertise covers physician employment and compensation, physician network development, business and strategic planning, disengagements of practices and network unwinds, practice operational assessments, hospital-physician services, medical staff development, practice appraisals, and negotiations for acquisitions and sales. Mr. Reiboldt also performs financial analyses for health care entities as well as equity planning arrangements for medical practices. 
Mr. Reiboldt has “written the book” on ancillaries:  Ancillary Services:
Evaluation, Implementation, and Management of New Practice Opportunities
(2005 Jones and Bartlett Publishers).