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The Ricardo Group, Inc. reviews the primary and specialty physician need for a defined Primary (PSA), Secondary (SSA), and Combined Service Areas (CSA). The evaluation incorporates present and projected population trends, integrates demographic information on age, disease types, and healthcare usage and access patterns. The physician data considers the market's current and projected physician visits, physician age, work status, physician productivity, physician requirements, physician supply, and net physician need. TRG’s Market Analysis allows the Client to identify and address physician shortages in specialties, strengthen overall physician recruiting efforts, and take into account the market trends for the next 3 to 5 years.
TRG is uniquely qualified to reach a statistically valid sampling of physicians’ opinions using proprietary Survey Tools and Procedures. This engagement involves the Client throughout the process in order to quantify the data results. The process captures a statistically valid sampling that is then tallied and summarized for The Ricardo Group's review. Captured responses are analyzed along with market statistics to establish comparative data. TRG provides the client with an in-depth analysis and a conducts a discussion of all findings. The Provider Surveys allow Clients to monitor physician opinions and attitudes toward their product or service. The survey results are a valuable tool for determining market standing and creating effective market messaging.
Create practice value by structuring a plan for growth or retirement
If you are expanding your practice by adding a physician, thinking about slowing down, or considering retirement then The Ricardo Group can develop a plan that fits your personal and professional objectives. TRG’s models propose associate compensation structure; estimates practice growth, expectations, and value; develops buy-in formulas; and appraises practices for sale. The process begins with analyzing 3-5 years of financial data and measuring historical performance with practice value. Next The Ricardo Group assesses potential opportunities by, modeling practice trends; developing an impact analysis of revenue and expenses; due to significant events such as the addition of an associate, a change of practice location or a current staff physician choosing to reduce their work load. TRG assists every Client in understanding the impact of each option and consideration.
The complexities of Healthcare sometimes require an outside firm to review and validate assumptions
The business of healthcare has become complex; challenging situations sometimes lead to disputes. Controversial issues may arise concerning billing procedures, contractual obligations, shareholder buyout and organizational value. An in-depth analysis referencing market data and historical trends often can lead to the discovery of critical facts.
In these situations an experienced firm is essential in providing credible assistance. We can provide forensic and investigative support, pre-trial research and case preparation, expert witness testimony and damage assessment valuations. Health care centered knowledge coupled with years of specialized experience is a critical combination in legal challenges.
The Ricardo Group assists buyers and sellers professionally through the “for sale” closure procedures. A structured and uniform approach to the negotiation and acquisition process helps both buyer and seller anticipate areas of conflict and avoid problems associated with the sales transaction. TRG transacts the basic documents, agreements, and tasks required for the purchase or sale of a business. TRG prepares the Confidentiality Agreement, documents the negotiation results, directs due diligence, finalizes Letters of Intent, answers questions relative to standards and values, assists the buyer and seller through the Definitive Agreements, and prepares the Buy-Sell Agreement and associated contracts. The Ricardo Group makes the transaction happen.
TRG contributes the essential background work when embarking on a new healthcare venture. When you structure a new organization, grow an established practice, or pursue new markets, The Ricardo Group creates the plans required for success. TRG has experience in planning, researching market trends, performing feasibility studies, structuring financial models, developing custom documents for investors, and organizing the implementation process. The Ricardo Group offers development guidance in planning, organizing, staffing, financing, and management.
Start a new practice venture with expert assistance
To ensure successful new practice start-ups, The Ricardo Group manages the entire application process that is critical to cash flow. By handling the critical paperwork and follow-up required with licensing, credentialing, and contracts, TRG increases the likelihood of practice success. TRG supports insurance applications, government compliance, coding, managed care audits practice staffing, billing and collections, accounting and financial reporting, equipment procurement, office planning, internal controls, medical records, appointment scheduling, HIPAA, and OSHA
Finding the right physician for your practice requires a comprehensive search. The Ricardo Group assists practice and hospital clients exclusively in their recruitment of the ideal physician candidate. The Ricardo Group screens all candidates, reviews credentials, and matches practice and candidate requirements to ensure a successful placement. The Ricardo Group's skilled recruiter relationships insure the right candidate is matched with the opportunity. TRG follows, consults and directs the entire process assuring a successful hire.
