Practice Mergers and Acquisitions

The ever-changing healthcare landscape has made it increasingly difficult for small medical practices to stay competitive in the market. A merger may be the most feasible option for practices to provide the highest quality services to patients while still maintaining strong financial viability. While a merger integration is beneficial, there are a lot of details and logistical steps to consider. The decision to merge with or acquire another medical practice is more complicated than ever. There is an ever-increasing set of essential areas that must be assessed when determining the right strategy for you.

It requires a high degree of collaboration and communication amongst the leadership of both merging entities. Several moving parts need to be accounted for, including contractual agreements and other legal considerations. When you work with the practice management advisory and consulting division at Healthcare Information Services (HIS), we provide for the framework for a process to run smoothly for all parties involved.

giving a presesntation

Medical Practice Merger & Acquisition Integration

When merging or integrating practices, HIS can work with your team to perform all necessary due diligence on the deal. Due diligence is an important part of the acquisition and merger process representing the detailed investigative process of analyzing any and all fundamentals of the merging practices. It is a critical step in understanding how both businesses operate as well as identifying the opportunities and weakness of the proposed integrated practice.

An exhaustive due diligence effort helps clients recognize any financial, legal, or operational risks that may not be visible at the surface level. No two medical practices are alike, it’s important that a diligent effort is made in order to obtain any information that would be relevant in the assessment of the viability of a merger or acquisition of a physician practice and its assets.

Explore How You Can Pair  Merger Integrations With Other Solutions For Your Practice

With over 30 years of experience, you’re gaining a true partner for your practice with HIS. Our team specializes in a variety of practice management services in addition to our merger integration solutions.

Get more from your revenue cycle management company. Learn how we can help your practice profit with a free consult.

What are the Goals of Practice Integration?

Healthcare practices need to participate in efforts that promote consistent alignment across the care continuum. The main goals of practice integration typically are:

  • Improve the quality of care
  • Reduce or control the cost of care
  • Improve access to care and the overall patient experience
  • Increase revenue and profitably
  • Decrease operating costs
  • Improve negotiating and purchasing power

Why Work with HIS?

At HIS, we understand that each practice is unique. When choosing a partner, it is essential to make sure that your goals and objectives align with each other through due diligence and a systematic approach. Our team of highly-trained professionals has more than three decades of experience in the healthcare industry, and we are committed to finding the perfect match for your specific business needs. We value you as our client the same way you value your patients.

Healthcare Merger Integration Services

At HIS, our dedicated experts, state-of-the-art technology, and long-standing reputation of success is what sets us apart from other revenue cycle management and consulting firms across the country. Our practice management and consulting services work to provide the foundation for a smooth merger or acquisition. The only way to truly experience the HIS difference is to begin a partnership with us today. Contact our office to schedule an initial consultation and learn more about what we can do for your practice.

Healthcare Industry Updates and Articles

Read our most recent blogs and news from the world of medical billing and practice management.

Billing statement for medical service in doctor's office background
E/M Documentation and Coding Changes for 2024
On November 2, 2023, the Centers for Medicare and Medicaid Services (CMS) released final rules for the 2024 Physician Fee Schedule and Hospital Outpatient Prospective Payment System and Ambulatory Surgical Center Payment System. Keep reading to learn more.
Revenue Cycle
7 Revenue Cycle Concerns for Orthopedic Practices and How to Fix Them
Managing a revenue cycle in the medical field is no easy task. Below are some concerns for orthopedic practices and recommendations for monitoring the health of your revenue cycle.
Doctor Using Tablet
The Importance of Accuracy and Compliance in Billing and Coding
Always Ensure Accurate and Compliant Billing and Coding When managing a medical practice, you undoubtedly have several things to worry about at any given time. Medical billing and coding is difficult to keep up with, especially with evolving laws, regulations, and medical codes. These changes make it difficult to be compliant even for the most […]