A new practice launch isn’t without its share of overwhelming complexities. Balancing an existing workload, personal responsibilities, and the intricate details of opening a private medical practice usually leads to unnecessary stress and costly errors.

At the most fundamental level, launching a medical practice will need:

• careful planning and structured implementation 
• financial oversight and appropriate controls
• operational efficiency and continuous improvement 

Every step must be managed strategically so as to avoid delays, financial loss, or compliance issues. We help you through this process with expert consulting, ensuring that your practice launches with a solid foundation. Whether it’s business planning or financial management, our guidance is always aimed at meeting your specific needs.

We take care of the details so the providers can focus on patient care:

• Our medical consulting firms provide personalized supervision throughout each process phase.
• We oversee project timelines, making sure all requirements are met efficiently.
• Our team helps control startup costs while keeping high-quality standards.
• We identify additional revenue opportunities in sync with core medical services.

One of the most critical aspects of a successful medical practice is setting up and adequately managing the revenue cycle. Without a well-structured financial system, practices may struggle with delayed or reduced payments, claim denials, and revenue loss. Our specialists work with physicians to implement solutions that improve financial performance, lower risks, and improve cash flow.

Our healthcare consulting services support physicians at every step. We ensure a seamless transition from planning to full operation, providing professional guidance from start to finish. Our team of experts specializes in comprehensive healthcare consulting for physicians. We provide structured, strategic, and helpful oversight throughout the practice launch.

Running an independent medical practice historically requires physicians to manage financial, operational, and strategic challenges and, at the same time, focus on patient care.  Our medical practice startup consultants can provide expert guidance to ensure independent practitioners succeed without administrative burdens. We extend practice management solutions for providers, helping simplify their workflows and providing more efficiency and financial stability.

MedCBO stands out due to its deep focus on independent physician groups. We are not a staffing company and are dedicated to seeing independent providers succeed. We offer tailored services, have a track record of achieving sustainable growth, and are committed to providing ongoing, hands-on support for every client partner.

Apart from startup support, we also provide solutions for healthcare management that improve practice efficiency and profitability. Our medical office setup services facilitate seamless technology integration, compliance, and operational workflows. With a structured approach, physicians can uphold high standards of care while attaining financial stability.

Whether you’re launching a new practice or optimizing an existing one, our consultation services can provide the expertise necessary for independent medical practices to thrive and achieve management solutions for long-term success.

Whether you’re launching a new practice or optimizing an existing one, our consultation services can provide the expertise necessary for independent medical practices to thrive.

We focus on identifying inefficiencies within your revenue cycle strategy and operational costs to provide actionable solutions like:

• Conducting a detailed financial assessment, including revenue and expenses
• Pinpointing areas for improvement and teaching why these are impacting the bottom line
• Partnering with you to put best practices in motion

All of this helps us optimize revenue generation. With the help of data analytics, automation tools, and compliance-driven workflows, we help practices cut down on claim denials, shoot up collections, and get favourable financial outcomes.

Building a successful medical practice starts with strong financial foundations. Let us help you improve your revenue cycle and achieve long-term profitability and compliance.

A well-managed revenue cycle allows medical practices to keep track of financial transactions efficiently, right from patient scheduling to final payment reconciliation. This includes:

• Claim Submission
• Insurance Verification
• Coding Accuracy
• Denial Management
• Enrollment and Credentialing 
• Payer Contracts Negotiations 

An ineffective revenue cycle can lead to problems such as billing errors, high denial rates, financial setbacks, and more. Many healthcare providers lose revenue because of preventable issues such as incorrect coding, delayed claims processing, and inefficient payment collection strategies. Another common pitfall is that groups will sign into a “collective-type” group with pre-negotiated rates that may not be favorable to the provider as rates cannot be negotiated as an aggregation of physician groups- often leading to much less revenue. 

MedCBO helps physicians simplify these processes, reducing administrative burdens and ensuring timely reimbursements. It’s our goal to help providers eliminate these obstacles and maintain financial stability.

We specialize in the needs of independent physician groups starting a practice or with an existing practice. With a proven track record in achieving sustainable growth and revenue stability, our tailored solutions ensure long-term financial success and operational efficiency. We are not PE-backed. We will not own any piece of your practice. We work with you to provide the level of expertise your practice needs, but on a fractional model where you share that expense with others. Our services agreement takes a percentage of your revenue with no flat fee, which means we are financially tied to your success. 

Yes, we work with a wide range of specialties and understand that each has unique needs and capabilities. We provide customized services to meet each specialty’s needs and work with you to understand your vision, your clinic, and how we can help.