Industry
Healthcare
Challenge
Setting up a new clinic typically requires significant time, resources, and investment, not to mention the willingness to take on risk and ability to manage anxiety and uncertainty. Often, the decision to open a new practice impacts not just the providers, but also their entire families. For Incredible Heart, the original estimated start-up time was 6 months, with monthly operating costs projected to be over $20,000. Additionally, revenue growth was going to be slow due to the lack of streamlined operations, infrastructure necessary to support a large patient base and a marketing team.
Results
Through its partnership with NuvoAir Medical, Incredible Heart significantly reduced start-up time from 6 months to 6 weeks, lowered monthly operating costs by 70%, and projected a 150% increase in revenue within 12 months. Additionally, the clinic rapidly scaled to over 200 patients in less than 2 months, generating immediate revenue through integrated CCM and RPM services as well as gaining brand recognition in the community and with referring providers.
Key Partnership
Practice Management Solutions
"Partnering with NuvoAir Medical transformed our clinic's operations, achieving in weeks what would have taken months and more resources. Their comprehensive platform and care team enabled us to grow quickly and focus on quality patient care from day one. Launching a new practice is risky and stressful, affecting my whole family. NuvoAir simplified the process and provided the confidence and security we needed to succeed."
"Incredible Heart's success exemplifies the impact of our streamlined clinical and operational platform. By reducing the complexity and costs associated with clinic setup, we’ve empowered healthcare providers to focus on what truly matters—delivering exceptional patient care while accelerating growth"
"I feel very comfortable with Dr. Gurav and his wonderful, professional staff. He truly cares about his patients and has the best equipment to monitor heart health. I also appreciate Jennifer (my RN care coordinator) at NuvoAir, who always follows up on my health numbers"
About Incredible Heart
Incredible Heart, located in Missouri, is a leading provider of cardiac care services. Committed to personalized care and innovative solutions, Incredible Heart offers a range of services tailored to meet the unique needs of each patient, from immediate attention to ongoing support. By combining expertise with cutting-edge technology, Incredible Heart is dedicated to improving cardiac health outcomes for individuals across the region.%201.png?width=591&height=418&name=5S7A4105%20(1)%201.png)
About Dr. Gurav
Dr. Kunal Gurav, MD, FACC, MBA, is a renowned cardiologist with a wealth of experience and expertise in the field of cardiology. He is board-certified in Cardiology and Internal Medicine, holding credentials from the National Board of Echocardiography and certifications in Nuclear Cardiology. Dr. Gurav earned his MBA from Emory Goizueta Business School and is an esteemed author and editor for the American College of Cardiology. With licenses in 15+ states, Dr. Gurav brings a breadth of knowledge and a commitment to excellence to his practice at Incredible Heart.
The Challenge
Incredible Heart faced the challenge of rapidly establishing a new clinic while maintaining cost efficiency and ensuring scalable growth. Traditional methods were slow and expensive, with an estimated start-up time of 6 months, projected monthly operating costs of $23,000 and a slow 18-24 month ramp to full capacity.
Additionally, the absence of a streamlined operating platform, robust infrastructure and no care management capabilities hindered revenue growth and limited the clinic’s ability to scale its patient base efficiently within the desired timeframe.
The Solution
Incredible Heart recognized the necessity of setting up their clinic much more efficiently and quickly and opted to partner with NuvoAir Medical, which offered a comprehensive clinical, operational and growth platform. By leveraging NuvoAir's plug-and-play patient management and EMR system, AI tools, as well as credentialing, licensing, and malpractice services, the clinic drastically reduced its start-up time from 6 months to just 6 weeks.
NuvoAir's platform reduced the clinic's monthly operating costs from $23,000 to approximately $7,000. This strategic partnership allowed Incredible Heart to focus on rapid growth and on delivering exceptional care. NuvoAir’s growth engine was deployed to quickly recruit patients, build credibility among other providers and extend the reach of the practice statewide.
Additionally, the clinic was able to implement Chronic Care Management (CCM) and Remote Patient Monitoring (RPM) services from day one, further enhancing its operational capabilities and revenue potential. These capabilities were an immediate differentiator for patients, payers and especially value based care provider groups.
The Results
- Reduced Start-up Time
By utilizing NuvoAir Medical's plug-and-play EMR, fully integrated with NuvoAir’s proprietary population health tools, credentialing and licensing support, Incredible Heart shortened its start-up time from 6 months to just 6 weeks, a 75% improvement. - Lower Operating Costs
The use of NuvoAir's infrastructure, AI tools and care team cut the monthly cost by 70% from $23,000 to $7,000. NuvoAir’s out-of-the box practice service, including patient enrollment, scheduling, billing, and care coordination, along with fully automated workflows significantly reduced the cost of running the practice. - Increased Revenue
Yearly revenue projections for Incredible Heart saw a 150% increase, from $200,000 to $500,000, thanks to the quick ramp up to over 200 patients in 2 months with a continued upward trend. Additionally, the clinic was able to leverage revenue from Chronic Care Management (CCM) and Remote Patient Monitoring (RPM) from the very start, further decreasing initial investment needs, and more importantly, reducing the anxiety and uncertainty of launching a new business.
Explore how this partnership revolutionized cardiac care.
