07/14/2023
If a healthcare facility decides that it wants to consolidate there are many factors to consider. Combining practices can create a greater revenue-generating entity with potential cost-saving opportunities. The candidates should share the facility’s culture and goals. Once a healthcare practice decides on consolidation there are some things that need to be looked into as well as questions that may arise including:
● Thoroughly review physician documentation so it may be improved for consistency with diagnosis code selection guidelines
● Perform due diligence on the merging practice’s finances, legal standing, and operations.
● What can we expect during the consolidation process?
● Is there support for technology and communications systems?
● Is there an exit strategy?
● Is it a good cultural fit?
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