Healthcare leaders at organizations, private equity companies and medical groups have been faced with the ever-changing and demanding needs of the healthcare industry. Many strategies include partnerships, growth plans, improving operations, optimizing managed care and facing market competition. As a result, there is often a need for new leadership, executive support to integrate, tactical guidance, or steps to enhance internal compliance. VMG Health’s Strategic Advisory Team has provided support for these needs by dedicating our seasoned professionals to your business needs on an interim basis.
Corporations need to be nimble in anticipating growth opportunities, leveraging scarce resources, and diversifying risk. VMG Health has experienced a growing need from clients to support and strengthen their Corporate Development and M&A Strategy function as an interim measure. In order to meet these needs, VMG Health provides experienced executives to assume management roles within the client’s corporate development function, including internal managed care capabilities. This could be as interim Chief Development Officer, SVP of Corporate Development, M&A Manager, or on a whole-team basis. At a moment’s notice, our experience professionals will work with your executives to provide strategic and/or tactical corporate development solutions tailored to your needs.
VMG Health provides a fresh viewpoint for developing a strategic acquisition plan which includes development of M&A process and controls, market research, competitor mapping, identification and prioritization of M&A targets. We are also able to provide assistance in the tactical execution of a pre-existing strategic plan, such as acquisition pipeline management and execution, participate directly in negotiations, lead internal diligence process, report to executive leadership/boards on pipeline and deal status, as well as build an M&A development team and infrastructure within your organization. VMG can provide the experienced, flexible, and committed resources to fit your need.
From optimizing your workflow and staffing to helping you maximize reimbursements and minimizing costs, our experienced professionals provide tailored strategies for your patients and organization. VMG Health will evaluate all facets of your operations and recommend best practice approaches, including appointment scheduling, patient registration, workflows, and staffing. We perform staff interviews and conduct comprehensive data analyses to identify performance improvement needs.
Practice Start-Up
We offer expertise in all areas of starting a practice, from feasibility and demographic analyses to planning and development, policy and procedure implementation, staff hiring and training.
Strategy Planning and Development
We will learn of the organizational mission, vision, and culture, conduct costs and benefits analyses, perform market research, and partner with leaders to create a strategic plan of expansion and development.
Policy Review and Development
Our professionals review and develop coding and billing guidelines, policy and procedure manuals for all front-end and back-end billing activities, patient satisfaction programs, and coding compliance.
Project Management
Our professionals work in close collaboration with all levels of the client organization to ensure critical and complex initiatives are executed. We provide expertise and resources throughout the duration of the project assignment to ensure successful completion.
VMG Health served as the Outsourced Interim Chief Development Officer for a publicly traded healthcare services company from January 2017 through October 2018. During that time, VMG Health was responsible for acquisitions and divestitures in the physician services, ambulatory surgery centers (ASC), and medical transportation businesses. During the term of this engagement, the company completed $400+ million in acquisitions and $2.4 billion in divestitures. The company was taken private in the fall of 2018. The development team included internal personnel from ER, anesthesia and radiology physician service line, ASC service line, and medical transportation.
VMG Health served as the Outsourced Interim Chief Development Officer for a large, private medical transportation provider company from January 2019 until September 2020. VMG Health’s team continues to provide daily outsourced corporate development services for the company. These services include managing a team of business development, due diligence, and integration personnel responsible for making acquisitions in the ground ambulance, air medical, and fire response business lines.
The client was a high-growth urgent care center platform company that was in the process of hiring a new Chief Financial Officer (CFO). During the transition period, VMG Health personnel provided interim and part-time CFO assistance until the new resource could be hired and onboarded. Projects included: Updating weekly dashboards and the monthly financial reporting package used to communicate operational and financial results to the client’s management, investors, and lenders; adding functionality to the monthly financial reporting package to provide forecasting and budgeting capabilities; assisting the client and its finance/accounting teams to reduce the current time to complete the monthly close process; and supporting the annual budget process.
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