Aurora Resources

Frequently Asked Questions

What exactly does Aurora Health Partners do for medical practices?

Medical practice leaders are responsible for juggling many time-consuming duties. Ensuring patient safety and satisfaction is first priority, while administrative tasks can decrease productivity and effectiveness, and inhibit patient care. Aurora Health Partners can help facilities manage non-clinical duties and achieve business goals by providing managerial support services to medical practices and increasing efficiency.

How is Aurora Health Partners different from selling to private equity or large health systems?

Aurora Health Partners was founded by and is managed by healthcare providers that have been successful owners of healthcare companies and understand your perspective, which makes our approach to acquisition and advisory services unique. Our goal is to enhance your value in all areas as you make a transition, ranging from seeking a new business opportunity to retirement.

What specialties or practice types does Aurora Health Partners currently manage or acquire?

We are most interested in Primary Care/Internal Medicine, but are willing to evaluate  some specialty practices.

Can I stay involved clinically if Aurora Health Partners acquires or manages my practice?

In a partnership with AHP, physicians can often, but not always, continue to practice at their existing location and maintain their existing contracts and staff. AHP typically handles administrative tasks like billing, coding, and equipment management, allowing physicians to focus on patient care. The extent to which physicians stay on after a sale to AHP can vary; sometime there is a period of continued employment, while sometimes there is not.

What happens to my existing staff when Aurora Health Partners takes over management or acquires my practice?

When a medical practice becomes part of Aurora Health Partners, the existing staff typically remain employed by the practice, and AHP provides administrative support services. AHP’s role is to handle administrative tasks like billing, collections, and IT, allowing physicians to focus on patient care. 

Here’s a more detailed look: 

Staff Retention: Existing staff members of the medical practice generally remain employed by the practice itself, even after it becomes part of AHP.

Support: AHP provides administrative and operational support to the practice, covering areas like billing, collections, HR, IT, and compliance.

Focus on Patient Care: By outsourcing these administrative tasks, physicians can focus more on their clinical work and patient care.

No Change in Staffing: An AHP partnership does not typically involve a change in the medical practice’s staff structure.

How does Aurora Health Partners drive growth and profitability for practices?

Aurora Health Partners provides the essential administrative infrastructure, technology and resources necessary to run and grow a medical practice, and also evaluates additional sources of revenue.

These services may include the following:

  • Human resources and personnel management
  • Medical Research
  • Billing and collection services
  • Managing EHR and other IT services
  • Regulatory compliance 
  • Medical equipment and clinical space rental
  • Financial and operational management
  • Marketing
  • Staff training and continuing education
Will Aurora Health Partners maintain the culture and legacy I've built at my practice?

Yes! The culture and legacy you’ve built in your practice is priceless. We will respect that and only look for ways to make improvements. Aurora Health Partners often handles HR functions for medical practices they purchase or manage. Often, we are able to simplify and optimize administrative tasks, allowing practices to focus on patient care. Our clients and practices benefit from specialized expertise, streamlined processes, and potentially reduced costs compared to managing HR in-house. By offloading HR responsibilities, the medical practice can focus on its primary objective: providing quality patient care. 

How long does the transition process typically take once we partner with Aurora Health Partners?

The time it takes to transition a medical practice to new ownership or management can vary, but typically involves a few key phases: initial planning, legal and regulatory compliance, and the actual operational transition. A well-structured transition can take several weeks, while more complex situations may require several months. 

Here’s a more detailed look at the process and the timeline:

Initial Planning and Due Diligence:

  • Assess the Practice’s Needs: Determine the specific administrative and operational challenges AHP can address, such as billing, coding, HR, or IT. 
  • Research: Ensure AHP aligns with the practice’s goals and values, and vice-versa. 
  • Develop a Business Plan: Outline the goals, objectives, and timeline for the transition. 

Legal and Regulatory Compliance

Operational Transition: This may involve integrating the practice’s systems (e.g., billing, EHR) with the MSO’s systems, and training staff on new procedures.

Potential Timeframes: For practices that are well-prepared and have a clear understanding of their needs, the transition can be completed in a few weeks. 

If the practice has significant systems or processes to integrate, or if there are legal or regulatory hurdles, the transition may take several months. 

Acquisition or Exit Strategy: Key considerations include open and transparent communication throughout the transition process, training staff on new services and processes is essential for a smooth transition, and ensuring secure patient data and compliance with privacy regulations.

Do I need to retire or completely exit ownership to work with Aurora Health Partners? What if I'm not ready to sell, but still want help managing the day-to-day operations?

For physicians looking to offload administrative tasks and focus on patient care, AHP can be a valuable resource, offering financial stability, operational efficiency, and regulatory compliance support. We offer services outside of selling your practice. We have practices that we’ve purchased and the provider has stayed on indefinitely, during the transition, or not at all.

How can Aurora Health Partners help reduce operating costs at my practice?

For many providers, running a practice means balancing patient care with substantial administrative burdens. Aurora Health Partners can help alleviate this pressure by optimizing efficiency, financial performance, and compliance.

One of the key advantages of partnering with AHP is the ability to enhance RCM. Many independent practices struggle with delayed reimbursements, denied claims, and administrative errors that hurt cash flow. AHP, equipped with billing and coding specialists, can improve claim submission, denial management, and compliance with payer requirements, leading to faster payments and improved revenue predictability. 

Beyond revenue management, AHP can also provide economies of scale, allowing practices to negotiate better pricing for medical supplies, EHR systems, and vendor contracts. This gives independent practices the purchasing power of larger healthcare systems without sacrificing autonomy.

Additionally AHP offers human resources and staffing support, handling payroll, benefits administration, and recruitment — a crucial advantage for growing practices that struggle with high turnover or compliance with employment laws. By ensuring HR processes align with legal requirements, AHP can help minimize the risk of labor disputes and penalties.

Do you work with practices nationwide, or only in specific regions?

Aurora Health Partners works with practices nationwide.

Which medical specialties is Aurora Health Partners NOT currently acquiring or managing?

Pain Management, Anesthesia, Orthopedic Surgery, Urology, OB/GYN, General Surgery.