Once you have outlined the challenges facing your business and envisioned possible solutions, the next step is executing those solutions and turning your relaunch into a reality. But, like so many other things, this is easier said than done. These are uncharted waters. You are navigating circumstances—a global pandemic—that no other modern practice has faced before. Fortunately, you don’t have to do it alone, and you don’t have to make it up as you go. Bancroft Group can provide assistance to your business in many different ways—whether you need a simple review of your plan, help developing a plan, team augmentation, balance sheet restructuring, or more.
The chart below describes the many different ways your organization can engage Bancroft’s Post-COVID-19 team. You can choose the level of engagement that best fits your company’s needs, timeframe, and budget.
If you don’t have a lot of time, Bancroft can provide a quick screen of your relaunch plan. We can evaluate your existing plan, conduct a gap analysis, and suggest areas that might need improvement. If you have a little more time, we can also provide a more thorough plan validation and improvement process which will scrutinize your existing plans and suggest detailed improvements.
If your practice doesn’t have fully developed plans, we can help your existing team develop them. We can help you create an overall plan for the practice or discreet plans that are specific to subjects such as personnel, business line assessment, communications, etc.
If you need additional personnel to fill gaps in your organization, we can provide an interim CFO or augment your team with an executive chairman/operating partner. We also advise on balance sheet restructuring, whether you are negotiating a restructuring or raising capital.
The Bancroft Group’s Operating Adviser Network delivers diverse experiences from more than seventy-five highly successful executive leaders and advisors who have created several billions of enterprise value in careers across healthcare services, insurance, technology, med devices and life sciences companies.
Our clients choose Bancroft Group because:
We deliver rapid and practical advice and improvements for our clients: lenders, private equity investors and management teams.
We bring deep operational, financial and human capital experience, delivering cross-functional capabilities that can drive change and reduce risk.
We have decades of experience in across a range of key specialties in Physician Practice Management, including:
Ophthalmology, optometry and laser vision
GI and Urology
Bancroft’s expertise with COVID-19 relaunches is not merely theoretical. We have already supported businesses that are dealing with their pandemic responses. Below is an outline which describes the assistance Bancroft gave a multi-site practice with a real-time leadership response to COVID-19.
Situation: Engaged by PE firm to assist in revising and executing a plan to strengthen single specialty multi-site regional service provider to strengthen infrastructure and generate accelerated growth
Developed a plan by applying a data driven approach to assess key functional components of business
Received board and management ownership of plan – created and facilitated project teams to implement plan
Quickly pivoted to build contingency plan to address mounting concerns surrounding COVID-19
Work with management to develop personnel and cash flow plan for relaunch
Responding to COVID-19 – Assessment and Rapid Plan Development
Days 1-4 Gathered and analyzed data:
Safety measures-employee and patient
Insights and guidelines-local, state and federal, clinical, legal, investors, board