When it comes to acquisitions, there’s no copy and paste answer for getting things right. The practices you bring into your fold need to fit your culture, your risk appetite, and your future plans– not to mention the metrics and measurements that also have to align.
As integration specialists, we never claim to know the full formula when it comes to acquiring practices. But from our perspective, a streamlined, automated integration system is one of the easiest ways to ensure a seamless start to finish for one of the most involved biz dev processes there is.
If you’re looking for a consistent way to take your newly acquired practices from good to great, or simply want to hone in on a more efficient version of your practice, consider the low hanging fruit that is the way you integrate. Here’s three ways an automated integration process functions as an ideal failsafe for the savvy platform practice.
An automated process means you don’t miss what could hurt you
As practices grow, efficiency is key. From our perspective as a team that’s managed thousands of integrations, redundant roles, siloed information, and multiple translations of the same data are among the biggest contributors to inefficient processes.
When you automate integrations with a team like yours, you virtually eliminate the risks that come with multiple processes and people handling data. You’re also able to pinpoint areas for improvement and turn on a dime to maximize output. Whether it be restructuring an acquired practice’s billing department, stamping out inefficiencies in staffing, or even running a report in aggregate to see exactly how new practice revenue aligns with your overall platform, automation gives you that clear window into the efficiency of your new acquisition, and gives you the runway you need to make effective changes.
Stay prepared, and make more informed decisions
Small details can make or break the success of a newly acquired practice. It makes sense to ensure none of those details slip through the cracks.
When a new practice is not only fully integrated, but those connections and integrations run on autopilot, your practice saves time, money, resources, and the headache of inaccessible or inaccurate information. You won’t need to take the time to gather data from multiple sources and sift through it. It will be right there at your fingertips– allowing you to see the bigger picture and make those decisions on demand.
When it comes to protecting the investment and resources you’ve poured into a new practice, there’s nothing quite as satisfying as being able to access data and metrics on that practice, and your platform as a whole, whenever you need it most. An automation backed integration process makes this possible.
Guard and increase your bottom line without the red tape
The way we see it, there’s only one thing siloed data is good for: that’s making it nearly impossible to scale efficiently. When you’re a platform practice that wants to grow, you need to be able to see your assets, analyze your people and processes, and access all of the tools you need to make informed next steps.
From getting a better gauge of the efficiency of a practice’s workforce to being able to analyze the procedures that typically return the most for a practice, a streamlined flow of data and information can, quite literally, make the difference in actions that define your platform’s growth and success.
Being able to futureproof your organization without the red tape of people or data issues is a reality with automated integration systems.
A better integration process is much more than a tool to save money and see data. It’s a powerful way to protect your platform practice and make the kinds of informed decisions that will help you move the needle year after year. If you’ve been considering an expert team to help you take your integration processes from good to great, we’re here to help.
Contact us today to explore use cases and dive into what makes us unique!