The Halley Consulting Group Practice Evaluation is designed to support the practice improvement process, or as an assessment tool for a potential purchaser.  A practice evaluation identifies and documents areas of strength and weakness within a particular practice setting and provides physicians and management with recommendations to ensure the long term viability of the operation.

Our Practice Evaluation includes the following steps:

  • Review of Financial Performance The Halley Consulting Group Team provides the practice with a data request to gather financial and other statistical information on the practice for the most recent two calendar or fiscal years.  We then review the information as an introduction to practice performance.

  • Site Visit and Interviews  Our Team members conduct a site visit, including interviews with physicians, site manager and selected staff members.  These interviews are guided by a questionnaire that helps us solicit information about group cohesiveness, group decision-making, key practice policies, implementation management, practice operations, human resources, billing, management information, practice growth, marketing and the physical plant.

  • Practice Analysis & Recommendations Based upon the interviews and the practice performance data, the Halley Consulting Group Team documents the practice's strengths and weaknesses compared to our financial and best practice benchmarks.  We review areas including provider and non provider expenses, productivity and other operating expense ratios.  We then develop recommendations to capitalize certain strengths and to overcome the weaknesses we have identified.

  • Documentation The Team documents our findings and recommendations in a written report and presents those findings to various stakeholders, typically, the physicians and hospital management.

 

Need to assess a network of practices? Consider the Halley Consulting Group Network Evaluation.

 

 

If you would like to learn more about our Practice Evaluation contact
hcg-info1@halleyconsulting.com

 
 

PO Box 118  Westerville, Ohio 43086

614-899-7325 Phone  614-543-7325 Fax

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