Practice Turnaround
It was once relatively easy to have a financially prosperous practice…or at least a practice that provided a fair living wage for its owners/partners. But today, an increasing number of practices are finding it difficult to hang on, much less prosper.
There can be many causes for a practice to falter: One or two poor management decisions, excess debt, a remarkably aggressive competitor, lack of access to capital, loss of a critical provider or manager, embezzlement, loss of license or privileges, or simply adverse local economic conditions.
Whatever the cause, our turnaround consulting can potentially restore the viability of your practice, putting you back in control. Such practice consulting work is often provided on site, but much can be done off-site to spare costs.