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Fractional Practice Management

In the ever-evolving landscape of healthcare, the demand for efficient, cost-effective, and specialized management solutions has never been greater. Enter Fractional Practice Management (FPM), an innovative approach that is transforming how medical practices, clinics, and healthcare organizations operate. FPM offers a flexible, scalable, and financially prudent solution to the complex challenges of running a healthcare practice.

What Is FPM?

Fractional practice management involves hiring experienced practice managers or administrator such as ciMaDO Health to oversee the operations of a healthcare practice from a centralized hub. Unlike traditional full-time practice managers, our fractional managers work with multiple practices, sharing our expertise and time across different organizations. This model allows practices to access high-level management skills without the financial burden of a full-time salary and benefits.

 

This approach is particularly beneficial for small to mid-sized practices that may not have the resources or need for a full-time manager but still require professional oversight to optimize operations, improve patient care, and ensure financial sustainability.

Benefits of FPM

1. Cost-Effectiveness

One of the most significant advantages of fractional practice management is its cost efficiency. Hiring a full-time practice manager can be prohibitively expensive for smaller practices, especially when considering salary, benefits, and overhead costs. Our company provides the same level of expertise at a fraction of the cost, making professional management accessible to practices of all sizes.

 

2. Access to Expertise 

We are highly experienced professionals with a deep understanding of healthcare administration, regulatory compliance, financial management, and operational efficiency. Our team is led by a physician leader and business attorney with over 60 combined years of experience. By engaging us, practices gain access to this expertise without the need for extensive training or onboarding.

 

3. Flexibility and Scalability  

Healthcare practices often experience fluctuations in their management needs. Whether it’s navigating a period of growth, implementing new technology, or addressing compliance issues, fractional practice management offers the flexibility to scale up or down as needed. This adaptability ensures that practices receive the right level of support at the right time.

 

4. Improved Operational Efficiency

Our team brings a fresh perspective to practice operations, identifying inefficiencies and implementing best practices to streamline workflows. From optimizing scheduling and billing processes to enhancing patient communication, our expertise can lead to significant improvements in overall practice performance.

 

5. Focus on Patient Care

By handling the administrative burdens of running a practice, we allow healthcare providers to focus on what they do best: delivering high-quality patient care. This division of labor not only improves patient satisfaction but also reduces burnout among providers.

How Does It Work?

An experienced, dedicated coordinator will be assigned to your practice, managing your operations from our ciMaDO hub. Our hub, led by a skilled physician leader and business attorney, provides all the resources necessary for your practice's success.

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Additionally, your coordinator will be onsite 1-2 days a week to provide visible support to you and your staff, building trust and ensuring reliable service.

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Our experienced coordinators will:

  • Oversee day to day operations

  • Oversee staff assignments & activities

  • Train/Manage compliance with OSHA, state, & federal regulations

  • Stay UTD on trends, legislation, & regulations

  • Manage hiring, onboarding, & ongoing performance of staff

  • More, customizable to your needs

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