The Life Cycle of Urgent Care Acquisitions

The Life Cycle of Urgent Care Acquisitions

Urgent message: Urgent care’s success in delivering a retail healthcare experience has attracted the attention of private equity and hospital investors; understanding the deal timeline is an essential first step for an urgent care operator interested in buying or selling a business. Alan A. Ayers, MBA, MAcc is Vice President of Strategic Initiatives for Practice Velocity, LLC and Practice Management Editor of The Journal of Urgent Care Medicine. Introduction Urgent care centers are popular among …

Read More
Walk-In Primary Care: What Does It Mean for Urgent Care?

Walk-In Primary Care: What Does It Mean for Urgent Care?

Urgent message: As many primary care providers expand their hours and offer walk-in service, the lines between urgent care and primary care become blurred. To remain competitive, urgent care operators will need to more clearly define their value to patient and payers, increase the acuity of services offered to reduce duplication, and become more innovative in their service delivery and partnerships. ALAN A. AYERS, MBA, MAcc Introduction For years, many primary care physicians (PCPs) have …

Read More
New Urgent Care Models Help Cancer Patients

New Urgent Care Models Help Cancer Patients

Urgent message: As the population ages, the healthcare system will be faced with a growing number of cancer patients who have unique care needs. Since typical hospital EDs are rarely equipped to capably and cost-effectively service cancer patients who present with timely medical issues, there remains a growing need for additional cancer-focused urgent care resources—an opportunity that urgent care operators and health systems would do well to capitalize on. Alan A. Ayers, MBA, MAcc is …

Read More
Do You Understand the Three Different Reimbursement Methods for Urgent Care?

Do You Understand the Three Different Reimbursement Methods for Urgent Care?

Urgent message: Payment models seem to evolve as quickly as the urgent care markets itself. Keeping up to speed is essential for continued growth in revenue—if not survival. Here, we weigh the relative merits of some of the most common reimbursement models. The way urgent care providers deliver healthcare continues to evolve, and with it the ways in which providers collect reimbursement for their services. To keep an urgent care practice financially healthy, it’s vital …

Read More
The Innovative Power of Criticism

The Innovative Power of Criticism

The following summary of an article that appeared in the January-February 2016 issue of Harvard Business Review examines how the skillful application of the art of criticism can be more powerful than traditional ideation methods in taking products, services, and business models in new, profitable directions. As technology continues to rapidly transform healthcare, urgent care providers must familiarize themselves with methodologies they can employ in developing new value propositions towards growing their businesses. Powerful ideation …

Read More

Urgent Care Operator’s Liability for a Car Crash into the Center

Urgent Message: The owners and operators of urgent care centers are liable only for “foreseeable” events, which generally excludes a car crashing into an urgent care center and other “freak” accidents. Perhaps it’s the last story on a newscast, or in the strange-but-true section of the newspaper or a website: a vehicle crashes into an urgent care center. As strange as this news may seem, it’s not entirely uncommon. In the past decade, there have …

Read More
Calculating the Value of a Like: The Muddled ROI of Facebook Advertising

Calculating the Value of a Like: The Muddled ROI of Facebook Advertising

Urgent message: Ideally, paid advertising should show a return on investment based on the revenue it generates. However, revenue-based metrics are difficult to prove using social media, in which “likes” are more valuable in identifying fully engaged patients than generating direct sales. When it comes to social media marketing channels, Facebook remains atop the throne. The fact that 80% of Fortune 500 companies have an active Facebook page more than supports that assertion, and stands …

Read More
Strategies for Managing Employee Burnout

Strategies for Managing Employee Burnout

Urgent message: Statistics indicate there is an epidemic of mental, physical, and emotional burnout of employees in the United States, painting a troubling picture that urgent care operators must proactively manage in order to assure continued patient satisfaction. Many of us have been there: getting out of bed in the morning feels like a monumental task. The thought of another work day evokes an exasperated sigh. Previously productive shifts give way to distracted clock-watching. Patience …

Read More
Dispelling Physician Myths About the Patient Experience

Dispelling Physician Myths About the Patient Experience

Urgent Message: As “influencers in chief” charged with assuring the types of patient experiences that create patient loyalty and word-of-mouth, urgent care providers must understand the relationship between patient experience metrics, financial and clinical outcomes, care team coordination, and time spent with the patient. As value-based reimbursement becomes more prevalent in healthcare, providers are increasingly tasked with not only ensuring a great clinical outcome, but a superior patient experience, as well. Industry research supports this …

Read More
Recognizing and Preventing Provider Burnout in Urgent Care

Recognizing and Preventing Provider Burnout in Urgent Care

Urgent Message: Urgent care demands that providers meet goals for fast patient turnaround and positive patient experiences, which when combined with tight staffing makes recognizing and preventing provider burnout a priority for urgent care providers. It’s been said that providers are the lifeblood of any healthcare organization. Indeed, they’re the collective engines that make everything go, such that their focused engagement and dedicated patient care are critical for organizational success. But that dedication often leaves …

Read More