Fractional Leadership

What Is A Fractional COO?

A fractional COO is a Chief Operating Officer (COO) that an organization, such as a healthcare practice, brings on to assist on a part-time or as-needed basis. These experts provide guidance, expertise, and executive-level leadership to help the practice assess and avoid potential obstacles, create and implement opportunities for improvement,  to ensure the practice is on the right track for maximum growth, and to align with physician owners to create optimal outcomes.

Unlike traditional COOs, fractional chief operating officers offer their services on a customized basis. Working on an hourly basis, by project, or on value rated terms, these professionals  make excellent resources for smaller-to-medium-sized healthcare organizations that do not have the budget  or the need for a full-time officer.

How Does  A Fractional COO Benefit Your Practice

Hiring a business consultant with years of experience in the healthcare field can only help your medical practice reach new heights. With the right expertise, you would be surprised how quickly your organization grows and improves as we implement practical solutions for all your management problems.

When you hire a fractional chief operating officer, you get the experience and resources of an industry veteran without paying a full-time wage and  benefits that would be commanded by a C-Suite Leader.  

Bringing in a COO also helps you run your medical practice’s day-to-day operations, giving you time to focus on long-term strategies and visualize the big picture for the future of your healthcare Practice.  A COO will help support that vision and put it into action. They can wear any number of hats within your organization and execute a variety of roles, depending on your changing needs. 

They allow you to save on your budget and give you time to focus on the most critical aspects of being a medical practitioner, including managing your patients and ensuring they receive the best care possible.

Practice Assessment Services(Gap and Performance Analysis)

What Are Practice Assessment Services

Every healthcare practice needs to understand  where they have been, where they are and where they are going. Hence the need for our business assessment services. A business assessment can help identify any gaps and vulnerabilities in your company’s strategy, find opportunities for improvement and positive change, and is the foundational tool used to take corrective action or plan for positive change initiatives.

A professional second opinion can be extremely valuable in these cases, helping ensure your healthcare organization is on the right track.  Our healthcare management consulting firm can provide valuable insight into the types of actionable strategies that lead to success.  We will create a roadmap that will focus on barriers to success, effective and efficient operations management, change management initiatives, all wrapped into an actionable plan that will lead to  positive outcomes, growth and long-term prosperity. 

Armed with a data-driven, in-depth analysis of your practice’s structure and management, our team can help you create a strategy that leads to better performance  overall. Our consulting experts can provide you with actionable recommendations designed to enhance and maximize the value of your healthcare practice. We study your business performance and find the right blend of implementable  solutions will work for your specific needs.

Our performance assessments have helped many healthcare practices keep their business healthy. We can customize various assessment tools that are best suited to your needs and provide a detailed report of what needs to be done, on a step by step basis, to achieve significant improvements and to realize your definition of success!