Team Members:

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Team Members Jeffrey Bates Jason Russell Alexis
Terch Nicole Vennell
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• Specialization

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• You dont expect your mechanic to do your taxes
  or your Heart Surgeon to change your oil, and
  tune up your car
• What are Dentists and Dermatologist taught in
  school about running a business? H.R.? I.T.?
  Accounting? Marketing?

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Cost Analysis

• Rates a Derm or Dentist can produce in one hour
  of work in specialization vs. cost to hire
  someone else to do HR, Marketing, etc.
• The time it takes to do these items, and cost of
  not doing them correctly tax implications, late
  fees, bed credit which leads to worse interest
  rates, overpaying for lab fees, rent, etc.

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Cost Analysis
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Cost Analysis

• Assumptions
• Bring on two new doctors to increase collection
  from 1,000,000 to 2,500,000
• 310,000 building expansion financed by Remedy at
  4,100 per month 49,200 per year over 20 years
• New Equipment Purchased by Remedy for 50,000
  financed over 5 years at 1,103 per month
  12,156 per year
• Facility costs are reduced from 8 to 6 because
  they are fixed and don't drastically change with
  increased production.
• Office Supplies decrease from 2 to 1.8 because
  of better contracts and quantity discounts.
• Salaries increase from 30 to 45 up 825,000
  because dermatologists are not cheap.
• Conclusion
• Doctor does not have to worry about HR,
  Accounting, IT or Marketing and can concentrate
  on Dermatology.
• Doctor increases pay with fewer headaches
• Remedy Group now owns building and equipment for
  use as it sees necessary and charges Doctor Lease
  Payments
• Remedy Group controls practice and can hire new
  doctors out of school to train before setting
  them up with their own location.
• The more Doctors Remedy controls the better
  Insurance Reimbursement Contracts they can get.
• Possible Recommendations
• Hire all staff under Remedy and lease staff back
  to doctors. This allows Remedy ability to switch
  employees between

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Cost Analysis

• Less stress from HR, Personnel and business
  decisions.
• Dollar compensation remains steady
• Improved facility
• Improved reputation
• Better trained, happier, more motivated staff

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Cost Analysis

• Why does a dentist have an assistant?
• An assistant can prep patients for the doctors
  while paying them less the doctor can produce
  more.
• What about a dentist? Should they concentrate on
  orthodontics, regular dentistry, cosmetic
  dentistry-benefits of each

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The Remedy Group is a full service practice
management organization that partners with
providers to develop the 3 Ps. The Three Ps
are crucial for a flourished practice It stands
for Patient Care, Personnel and Profitability.
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• The Remedy Groups
• Mission Statement
• The Remedy Group is a full service practice
  management organization partnering with
  healthcare providers to maximize and develop the
  3 "P's"   Patient Care, Personnel, and
  Profitability.   Our organization combines
  innovative methods, inspiring strategies and the
  most advanced management techniques to address
  all aspects of patient care, staffing issues, and
  fiscal management.   Our outstanding reputation
  for quality and integrity make us an ideal
  partner for our clients and their staff.

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Expansion to other markets

• Pharmaceutical- Direct conduit from drug
  companies to doctors
• Insurance Contracts- Better negotiated contracts
  with increased market share
• Dermatology- Skin care products, cosmetic
  procedures such as Botox, Skin care product
  development and marketing
• Top Skin Care Categories Whitening, Anti-Aging,
  UV Protection
• Cosmetic Centers- More fee for service, less
  insurance issues, higher clientele

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Expansion to other markets

• Possibility of hiring all employees of doctors
  office under The Remedy Group
• Benefits are interchangeable
• Replaceable workers for various expectable
  reasons
• Better benefits at a lower cost
• Economies of scale
• IRAs, 401Ks, Bank Accounts will all want your
  business

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Measurement of success to date

• Increase in revenue DCOV
• Jan.-Sept. 2004 2,146,594
• Jan.-Sept. 2005 2,689,926
• 25 increase
• Increase in mgmt fees
• Collects a 10 management fee
• DCOV increase in revenues from 2004 to 2005 also
  meant a 25 increase in management fee earned by
  Remedy o)

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Interview

• Christopher Stasuk information gathered from
  both research as well as physician responses
• 12 Physicians were asked the following questions
  and the answers have been recorded below each
  question

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1. What is the biggest problem you face with
running your practice?

• Billing
• Collecting
• Delegating Responsibility To Staff
• Scheduling Far Out
• Insurance Contracts
• Operations In General
• Dealing With Other Partners
• Keeping Up On Regulations
• Patients Are Not Ready When The Dr. Enters The
  Room

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2. What is their exit strategy?

• I have not given that any thought yet.
• I will get somebody to buy the practice or join
  and take over.

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If they could work the same hours, make more
money, and have less stress from the business
aspect of the practice, would they be interested?

• I would be interested in just practicing medicine
  and not having to deal with the stress from the
  business aspect.

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Medicis

• Pharmaceutical company flew CEO of Remedy to
  Texas just to talk with Derm about setting up a
  cosmetic center

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• The Remedy Group offers services in the following
  three areas of expertise
• Patient Care Management Staff
• Development and Consulting Asset
• Management Services

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Why is there a need for this service?

• There's no denying that starting your own
  practice can be overwhelming. There are so many
  details to consider -- licensing regulations,
  insurance requirements, personnel issues,
  contracting issues and tax requirements, just to
  name a few.
• If you're a physician just completing residency
  training, or if you've never previously owned
  your own practice, you may feel prepared to begin
  caring for patients, but you may not have the
  knowledge you need to get a practice up and
  running.

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Key Full Ownership Partial
Ownership Near Future Investment
Organizational Chart
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• Medical School Tuition
• 300,000
• Medical School Textbooks
• 5,000
• Cost of setting up your own practice 175,000
• The Remedy Group

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• PRICELESS