Group Mergers

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Develop a mission statement

 

Develop a strategic plan

  • Demographic analysis
  • Zip code analysis of all practices
  • Physician development plan
  • Development of managed care strategy
  • Payor mix strategy
  • Ancillary service development plan

 

Develop the Articles of Incorporation

  • Governance
  • Buy/Sell agreements
  • Expense allocation
  • Compensation formulas
  • Benefits

 

Determine management of group

  • Review of internal candidates
  • Review of external candidates

 

Review of retirement plans

  • Disposition of old plans
  • Arrangement of new plan

 

Review call and coverage issues

  • Analysis of existing call groups
  • Establishment of new call groups

 

Office development and design

  • Review of existing leases
  • Evaluate build/lease options
  • Review of current practice sites
  • Development of a patient flow design for new group

 

Recommend a medical management systems

  • Review existing systems and contracts
  • Obtain costs of upgrade existing contracts

 

Develop a group fee schedule

 

Develop office policy and procedures

  • Review existing procedures for “best of breed”
  • Design procedures to accommodate new group

 

Develop personnel policy and procedures

  • Review existing procedures for “best of breed”
  • Develop new wage and salary program
  • Design new benefits package
  • Perform staffing assessment and develop staffing plan
  • Develop new organization chart

 

Design financial reporting system

  • Recommend appropriate software
  • Design income statement and balance sheet
  • Develop appropriate accounting systems for payroll and accounts payable
  • Establish new bank accounts

 

Design outcome measurements