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Fiduciary Duty of Owning/Running an OIS Paul Mortensen

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Page 1: Fiduciary Duty of Owning/Running an OIS · Owning/Running an OIS Paul Mortensen. Perspective • Don’t apologize for running a successful business. • We owe it to our patients

Fiduciary Duty of

Owning/Running an OIS

Paul Mortensen

Page 2: Fiduciary Duty of Owning/Running an OIS · Owning/Running an OIS Paul Mortensen. Perspective • Don’t apologize for running a successful business. • We owe it to our patients

Perspective

• Don’t apologize for running a successful business.

• We owe it to our patients to provide the best experience possible.

• Design every process as if you were designing it for a loved one.

Page 3: Fiduciary Duty of Owning/Running an OIS · Owning/Running an OIS Paul Mortensen. Perspective • Don’t apologize for running a successful business. • We owe it to our patients
Page 4: Fiduciary Duty of Owning/Running an OIS · Owning/Running an OIS Paul Mortensen. Perspective • Don’t apologize for running a successful business. • We owe it to our patients

Start Up Costs- Fixed Expenses

Facility• Lease or Buy?• Maximize square footage• Minimize footprint

Capital Equipment• C-Arm• Ultrasound

IT• EMR• PACS• Hardware

Page 5: Fiduciary Duty of Owning/Running an OIS · Owning/Running an OIS Paul Mortensen. Perspective • Don’t apologize for running a successful business. • We owe it to our patients
Page 6: Fiduciary Duty of Owning/Running an OIS · Owning/Running an OIS Paul Mortensen. Perspective • Don’t apologize for running a successful business. • We owe it to our patients

Start Up Costs- Combined Expenses

Page 7: Fiduciary Duty of Owning/Running an OIS · Owning/Running an OIS Paul Mortensen. Perspective • Don’t apologize for running a successful business. • We owe it to our patients

Ongoing Costs- Supply

Supply costs

• Use analytics to make better business decisions

Page 8: Fiduciary Duty of Owning/Running an OIS · Owning/Running an OIS Paul Mortensen. Perspective • Don’t apologize for running a successful business. • We owe it to our patients

Ongoing Costs- Staff

What gets measured gets done

• Maximize skill task alignment

• Understand and measure the most impactful activity in your offices

Page 9: Fiduciary Duty of Owning/Running an OIS · Owning/Running an OIS Paul Mortensen. Perspective • Don’t apologize for running a successful business. • We owe it to our patients

Ongoing Costs- Process