Our Services
MANAGEMENT & HEALTHCARE
Management Services Outsourcing (Non-Clinical)
Our comprehensive team can eliminate the frustrations of managing administrative tasks so you can focus on patient care. We stay on top of compliance and regulatory changes, manage your financials, consult on operational performance, and take a data-driven approach to revenue cycle management, marketing, and other areas.
It is difficult to excel in all areas so we focus on administration while you focus on clinical excellence. We offer several flexible options of management services, depending on which functions you want to outsource or retain. Our transparent pricing allows you to budget easily and our team will analyze every administrative and clinical outcome to ensure we keep your expenses in-line while finding opportunities to increase your revenue.
Business Relief for Healthcare
Our goal is to give providers relief on the business side of healthcare so that they can focus on their core competency of patient care.
MANAGMENT & HEALTHCARE
Advisory Services
Healthcare providers specialize in patient care and our consultants at Summit Healthcare Advisors specialize in business operations. We collaborate with physicians, dentists, and practice administrators on simple or complex decisions that impact your business and/or practice. Our team can help with the planning, analysis, and implementation based on your needs. We bring an outsider’s opinion but make sure that our collaborative efforts aligns with your specific goals.
For providers, we want your practice to look and operate the way you have always envisioned it. For business administrators, we want to equip you with the knowledge, skills, and abilities to be successful in your practice.
Our diverse team combines rich experience and industry depth to deliver successful results.
Our diverse team combines rich experience and industry depth to deliver successful results. Our ability to help your business is limitless, but some broad-based advisory services include advisement on:
- Strategic marketing and branding using traditional and digital methods
- Succession planning, coaching, or management training
- Market analysis and competitive advantage assessments
- Human Resources support including compliance, policy & procedures, recruitment, staffing, compensation & benefits review
- Vendor analysis and selection
- Technology investment planning and analysis
- Capital planning and return-on-investment (ROI) planning
- CPA services, accounting, and bookkeeping
ADVISORY SERVICES
Our solutions are based on your specific needs.
We are equipped for small non-profit healthcare consulting, medium-sized dental practice consulting and medical practice consulting, or large hospital and health systems consulting. As the industry continues to evolve and regulatory changes and reimbursement changes remain fluid, it is critical to have a business partner who is aware of emerging trends and technologies. It is also beneficial to have a results-oriented team deliver solutions so that you can reach your personal and professional goals.
If you are unsure, whether or not you need assistance with a project, idea, or service, do not hesitate to contact Summit Healthcare Advisors for a free consultation. We believe in the power of networking and welcome an open discussion on whether we can help your business out.
In today’s environment, high performing organizations are agile and cutting edge. If this does not describe your current environment, Summit Healthcare Advisors is available to help.
Services provided to:
- Small and medium sized medical private practice
- Small and medium sized dental practices
- Outpatient and Ambulatory Surgery Centers (ASC)
- Hospital and Health Systems
- Post-Acute Care Settings (Rehab, LTC, Home Health & Hospice, Skilled Nursing Facilities)
- Public Health Agencies
- Non-Profit Healthcare Entities
Our team is an extension of your brand and works collaboratively to help you develop and meet your goals. We stay abreast of industry trends and can help modernize practices when it comes to technology, workflows, financial stewardship, and operational effectiveness.
About us — Summit Health advisors
MANAGEMENT & HEALTHCARE
Outsource & Fractional CEO/CFO Services
Fractional Executive services is an emerging trend that started in the high-growth tech industry where industry expertise was drastically needed for start-ups and small businesses, but they did not have the financial resources to invest in a full-time executive. The need for executive CEO/CFO services is growing in small and medium-sized medical and dental practices where experience is needed to help with market differentiation, cash flow management, and productivity as key business drivers. Fractional Executive consulting allows physicians and dentist owners to have access to this expertise on a part-time (fractional) basis without having to pay for the cost of a full-time executive.
Outsource CEO/CFO services are beneficial to physicians and dentists under these circumstances:
Interim services in the event of turnover with your practice administrator or executive.
Practices that have outgrown their organizational structure and need the support of an industry expert without the hassle of recruiting.
Practices that have not utilized an executive team to manage their business and want to see how their business could function with few strings attached.
In rural or low population density areas where the need for executive experience is limited.
We aim to be an asset to you.
In long-term strategic planning, we aim to be an asset. We can break it down into actionable items with measurable results.
In either scenario, we can provide an executive presence to help you manage your business as effectively as possible. For providers, it takes a lot of time and attention to detail to manage a business at peak performance.
This is where the consultants at Summit Healthcare Advisors can bridge that gap so that you can focus on delivering the best patient care possible.
Some of the services that we can provide but are not limited to include:
- Long and short term strategic planning
- Profit and Loss (P&L) management
- Management of A/R (aged receivables) and maximizing cash flow into your practice
- Establishing budgets as a management tool
- Productivity and staffing assistance
- Contract negotiations
- Operations management and efficiencies in workflow
- Developing Governance structures and managing tensions between providers in a partnership
Whether you are a new single provider dental office or an established multi-site medical practice, executive assistance is available and can generate significant improvements to your private practice. If you don’t have an operational scorecard or regularly review financial and operational performance, it is likely you have opportunities to improve and better manage the business side of your practice. Call Summit Healthcare Advisors in order to elevate your performance.
SUMMIT HEALTH ADVISORS
We can keep your practice agile.
Service Line Development is about two key drivers: Increasing Market Share and creating a Sustained Competitive Advantage. Increasing market share can be attributed to innovative design, patient satisfaction, and finding the right patients that are within your service area. Competitive Advantage is about staying one step ahead of your competition. This means creating value for patients and making sure that they see your brand as the industry leader. Summit Healthcare Advisors can keep your practice agile with new services or improve your existing service lines.
Management & Healthcare
Service Line Development & Strategic Marketing
For new service line development, ask yourself the following:
Do I have the expertise and time to plan and implement new services effectively?
Will new services translate into new market share?
Can new services elevate my brand to “premier” status in my service area?
Am I confident in designing new services with emerging trends and technologies?
Do I have a blueprint to generate a strong return-on-investment for these new investments?
For existing service lines, ask yourself the following:
Do your current services offer the best in technology and workflow design?
Do your services align with your values of quality and patient satisfaction?
Are your services different than your competitor? If so, what stands out and does your patient base understand the difference?
Have your services shown consistent growth year-over-year? Or is your performance stagnant and possibly declining?
Summit Healthcare Advisors can help clients refine their service lines to be more competitive. We make sure our consultants help you become more efficient, leverage industry resources, and have provider-optimized workflow.
Advantages of a Healthcare Strategic Marketing Firm
We see the tremendous benefits of strategic marketing in everyday life. From the way an organization shows up on the first page of Google to the strategically placed ads that immediately grab our interest. Having a local healthcare-specific marketing firm can improve volume, revenue, and credibility. It’s a way to increase your brand’s visibility and let others know about how your services stand out against your competitors.
Consider the following:
- 72% of consumers say positive testimonials and reviews increase their trust in a business
- 88% of consumers trust online testimonials and reviews as much as recommendations from friends or family
- Using customer testimonials regularly can generate approximately 62% more revenue
Identifying and engaging the best audience with the right message is how to outlast your competition. Summit Healthcare Advisors can help you generate leads and boost services with precision. We utilize a variety of techniques and tools with high quality that gives your brand a polished and professional look. We develop Patient Testimonials, Website design, Search Engine Optimization (SEO), Social Media Optimization, Pay-Per-Click (PPC) campaigns, among other techniques.
We provide solutions.
Regardless of your size, specialty, or complexity, we provide solutions that meet your needs and help you remain competitive in your market.
MANAGEMENT & HEALTHCARE
Practice Transitions
- Retiring physicians or dentists
- Providers wanting to sell their existing location and relocate to another area
- Providers or physician groups interested in selling out to private-equity or corporate entities
Whatever situation you find yourself in, if you are interested in selling your practice, it is in your best interest to make sure the value of the practice meets your financial goals and expectations. At Summit Healthcare Advisors we can help set realistic expectations and help your practice achieve consistent performance to obtain those financial goals.
Buying or Building a Practice
For current residents, new physicians, or relocating physicians, finding the right practice is important for two key reasons: 1) It’s a long-term investment and 2) The more you know about your needs, the better expectations can be managed.
At Summit Healthcare Advisors, we can help you develop your mission, vision, and values, as well as personal and professional goals. From there we can help analyze any existing practice or help you start from scratch.
Below are some things to consider for those wanting to buy or build a practice:
- Will you take insurance? If so, do you know what insurances make the most sense?
- Do you plan on being standalone or part of a larger group?
- What type of patient population are you targeting?
- What is the competitive landscape in the area?
- What is the reputation you are purchasing? For new build-outs, what is the reputation you want?
Whatever your need, a consultant or group of consultants is available to help you achieve your personal and professional goals.
“Our mission is to provide qualified individuals with the opportunity to meet their professional and financial goals through providing organizations with the guidance and support necessary to maximize their potential.”
MISSION — The Summit Companies
MANAGEMENT & HEALTHCARE
Recruitment
Summit Healthcare Advisors can provide assistance with recruiting efforts including creating appropriate job descriptions & posts, managing interviews, selecting high-quality candidates, conducting reference checks, and validating any credentials or certifications pertinent to the vacancy. We can help analyze your current business model to recommend what job types are needed and how many staff can help you perform at peak levels.
The average cost of a bad hiring decision is at least 30 percent of the individual’s first-year expected earnings
On average, 1 in 5 people (22 percent) lack the skills to interview and hire people effectively
Outside of lost revenue, other factors can be negatively impacted by the wrong hire including:
Increased turnover and loss of trust within your current staff
Time and energy managing poor performance and disruption in your organization
Increased burden on your higher performing staff to compensate for poor performers
Countless hours spent screening candidates, reviewing resumes and interviewing.
Time and expenses associated with onboarding & training new employees
Risk of negative brand attention and patient’s perceiving lower customer service from your company
The best organizations hire personnel that can handle the job requirements AND support the organization’s culture. Summit Healthcare Advisors understands your business needs and your personnel needs.
Lets Chat
Tell us more about you.
Interested in learning more about Summit Health Advisors? Conact us! We would like to hear more about you, your practice and/or business and how we can help.