Ep. 152: Navigating The Pitfalls of Launching Your Urgent Care - Interview with Georgina Perry from CRI Advisors

About this Episode

In this episode of Walk-Ins Welcome, Nick and Michael interview Georgina Perry, a CPA from Carr, Riggs & Ingram, LLC CPAs and Advisors, about the complexities of launching and operating an urgent care facility. The discussion covers critical aspects such as financial feasibility studies, credentialing challenges, and day-to-day operational management. Georgina offers valuable insights into current healthcare reimbursement trends, particularly the shift towards value-based care, while emphasizing the importance of thorough planning before opening a practice. Throughout the conversation, the hosts and Georgina provide practical advice for aspiring urgent care owners, stressing the need to understand both the financial and operational sides of the business. This comprehensive overview offers listeners a clear picture of what it takes to succeed in the demanding yet rewarding field of urgent care management.

Topics Covered

  • Starting an urgent care requires thorough financial planning.
  • Credentialing can take significantly longer than expected.
  • A financial feasibility study is essential before opening.
  • Location and financing are critical before marketing efforts.
  • Understanding payer contracts is crucial for revenue.
  • Value-based reimbursement is becoming the industry standard.
  • Operational efficiency can lead to better financial outcomes.
  • Planning timelines realistically can prevent delays.
  • Avoid common pitfalls by being prepared for the business side.
  • Communication with potential patients is key during the startup phase.

"I think if you're thinking, 'I want to open my own practice so I can have 100% autonomy in the clinic and I can treat my patients the way that I want to treat them' - but you also have to make sure that payroll gets run, you work on HR issues... it's a whole other job."

Georgina Perry, CPA from Carr, Riggs & Ingram, LLC

About Jessica

Georgina works with small to medium-sized medical practices of any specialization. She provides operational consulting focusing on revenue cycle, staff processes, and healthcare-specific compliance. She also assists medical providers in opening their own practice, preparing financial projections, obtaining financing, utilizing industry contacts and vendors, and much more. Georgina prepares insurance and government payer credentialing and contracting applications to enroll physicians and other providers with payers. Her clients appreciate her ability to implement momentous changes in a friendly and professional manner. Georgina utilizes her strong accounting background and interpersonal skills to identify critical issues and gain buy-in.

Connect with CRI Advisors:

https://www.criadv.com/

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