Why MPSG?
Broad Experience
MPSG has a unique blend of business and health care expertise that medical practices require to succeed in today’s challenging market. Small entrepreneur, Fortune 500, micro-practice, large group, hospital systems- we draw from in-depth knowledge and apply proven solutions to your practice. The one thing better than having either a healthcare expert or a business expert at your side, is having both. After all, healing is art, medicine is science and health care is business.
Experts in Practice Setups
Practice startups are what we specialize in, and we do them because we enjoy the work, and we are very, very good at it. Can you imagine 3 months post opening if your practice manager walks out, the copier is still not delivered, the new yellow pages arrives with your phone number transposed, your bank officers are chewing their nails and Medicare slaps a red flag on your file? MPSG helps you avoid such a scenario. As startup specialists, we know and cover all the bases, anticipate needs and avoid the potential mishaps.
Best in Class Financial Analysis
Financial projections are the proving ground of your practice setup and where MPSG excels well beyond the industry norm. We do so using one of our secret weapons. It is our force multiplier- our financial modeling process. The combination of our health care experience, business acumen and attention to the minute details ensures that your 5-year financial projection model includes all relevant expense and income details from charges, to the billing service, to Band-Aids. Our forecasting process is also flexible in its complexity so you buy only what you need. The MPSG “at a glance” projection provides a quick and inexpensive way to help you decide whether or not you can confidently take the next step towards setting up your practice. Our “full analysis” will give you a complete detailed view of your financial future.
Only One Agenda
We don’t sell systems or services such as medical equipment, outsourced billing or electronic health records. Our only agenda is the startup of your practice and therefore, there is no conflict of interest with such ancillary products and services. We stand completely independent of such products and can therefore provide you with trustworthy, focused, expert advice.
Always The A-Team
By design, our quality, speed and agility are controlled by our size and selectiveness. MPSG is a small group of independent specialists with a network of trusted industry-leading vendors. We are passionate about our work but we limit the number of physician practice setups we do each year to control quality, and strange as it may seem, limit our size.
Real Life Experience
We’ve started medical practices. We’ve managed physician practices. We’ve invested in medical practices. We’ve owned medical practices. We’ve worked with hospitals, large and small group practices. We’ve started and owned small businesses and managed divisions of large corporations. When your future practice is on the line, it helps to be working with professionals who have broad based health care and business experience.
Value and Speed
The 21st century “business without walls” structure of MPSG means we can charge leaner consulting rates because you are not paying for expensive office buildings and burdensome infrastructure. This model allows us to operate in an efficient, fast and highly responsive manner.
Data Driven Decision-Making
The cost benefit analysis that MPSG conducts is the synthesis of multiple feasibility analysis components. We evaluate all of the information, assign relative weight to each of the components, prioritize, take a gut check and help you decide the right course of action. At this point, we can surely tell with certainty whether you need an encouraging nudge forward, or a hand on the shoulder to hold you back and discuss alternatives with you. Either way, you will proceed in your setup with the utmost confidence in having made a wise and informed decision.
Nation-wide Vendor Network
MPSG will help partner you with industry leading equipment and supply vendors whose specific attributes suit your size, budget and technological needs. With a full needs analysis of your practice in hand, MPSG will provide “top three” vendor alternatives, help negotiate terms and conditions, and facilitate the implementation process. You gain the confidence that the equipment and supplies for your physician practice will be on time and on budget.
Return On Investment
We have this little game we play at MPSG. Our goal is to make up twice our total fees for you in money you would have otherwise spent. Buttoned up financial pro forma and a well-crafted business plan are likely to get you better finance rates with a bank. Our vendor relationships - office supply, medical equipment, architectural, IT, phone equipment also save you lots of money. A finely tuned project management system means your practice is set up quickly and efficiently.
Human Resource Experts
MPSG understands that the importance of the human component in your group practice. When your practice has clear goals and strategies, when providers work in concert, when staff is aligned, when feedback is frequent, when expectations are pronounced, when discipline is reliable, when the culture is rewarding, success is much more likely. We have the leadership skills to ensure that the people in your practice are performing at their best.
The “Don’t Hire Us” Option
Chances are, as a physician, your time is better spent with patients, and without professional advising, it could take you far longer to set up your practice on your own. However, who are we to argue? You can purchase our “Practice Startup Guidebook” for a fraction of the cost of our startup services and with minimal, but focused guidance from MPSG, you can do it yourself.
A New Kind of Consulting
Unfortunately (well, fortunately for us), many health care consulting companies structure the delivery of their services in a manner that is long on analysis, and short on improvement yields. The core of MPSG’s consulting philosophy is that with experience, data and proven solutions are relatively easily arrived at. Implementation is the differentiating factor. MPSG is reinventing health care consulting with a work model that focuses on implementation of lasting improvements. Less talk, more doing. Less report writing and more positive change installations.
We Guarantee It
Our work is fully backed by the only health care consulting guarantee we know of. if you are not happy with our work, we don’t want your money. That’s how important your success is to us. And that is how confident we are.