Contact SomarHealth today to learn how we can help improve your medical practice.
SomarHealth, LLC is pleased to partner with our clients to help effectively manage their medical practice. We offer customizable solutions to help clients meet their current needs and believe that relationships are built over time. Given the attention our clients deserve, SomarHealth limits the number of simultaneous engagements to deliver high-quality work and remain focused. We seek to become your trusted business partner.
Below is a sample of service offerings:
In Physician Practice Management
EXECUTIVE MANAGEMENT SERVICES
SomarHealth offers the permanent or interim placement of a healthcare executive to manage a practice, hospital division or department or to oversee a specific project. With prior leadership experience in primary care and most medical and surgical specialties, SomarHealth is positioned to hit the ground running.
STRATEGIC PLANNING & BUSINESS DEVELOPMENT
Successful medical group practices develop and execute a strategic plan to protect and grow market share. They continually seek new business opportunities and market their professional services. SomarHealth helps identify these opportunities and develops a strategy to enter a new geographic market or market segment or to land a contract and grow your business.
FINANCIAL MANAGEMENT, BENCHMARKING & FORECASTING
A successful practice reviews monthly financial statements, understands the levers that drive the business, sets annual targets to measure performance against budget and deploys countermeasures if metrics are not achieved. SomarHealth quickly understands your practice’s financial landscape and addresses performance gaps to improve operating margins.
Negotiating successful contracts (hospital, payer, employee, etc.) are critical to ensure favorable terms that will protect the interests of your group. Many individuals will take a selfish approach to a negotiation with the intent to win. While there is always a need to protect the bottom line, truly successful negotiations yield results that are favorable to all parties and develop trust and transparency that will weather any difficulties in the future.
SERVICE LINE DEVELOPMENT & START-UPS
Creating new service lines, joint ventures or businesses are critical to the success of physician medical practices. However, asking your practice’s executive leadership to perform this work may distract them from your core business. SomarHealth can step in, working alongside your physician executive and practice administrator, to lead the development and implementation of the new venture.
RETAINED EXECUTIVE SEARCHES
SomarHealth can fill critical positions in your healthcare organization. We start by understanding your needs to help ensure that candidates will be successful. SomarHealth then sources all candidates, conducts screening interviews, develops detailed candidate summaries and presents a short list of actionable applicants. Once you select a successful candidate, we negotiate the terms of the offer on your behalf and perform reference checks.
OPERATIONAL EFFICIENCY & PRACTICE ASSESSMENTS
Practices sometimes need a non-biased expert opinion of their operations to identify opportunities for improvement and efficiency. If you’ve heard the phrase “it’s the way we’ve always done it” it’s time to review your operations. An assessment can breathe new life into a dormant practice and identify opportunities for revenue enhancement and/or cost savings.