The Challenge
Dr. Jim Hochwalt joined Hyde Park Medical Associates in 1991 directly out of residency, facing the challenge of establishing and growing an independent internal medicine practice in an increasingly complex healthcare landscape. Over the next three decades, the practice navigated significant transitions including partner additions and retirements, the ever-changing regulatory environment, and most recently, the COVID-19 crisis. Throughout this period, maintaining independence from hospital systems and larger healthcare entities required specialized expertise and adaptable business strategies.
The Solution
Scroggins provided consistent, long-term support through their comprehensive practice management solution:
- Startup guidance: Helped Dr. Hochwalt establish his practice directly out of residency
- Transition management: Facilitated smooth processes for bringing in new partners and managing partner retirements
- Strategic planning: Delivered expertise to help the practice stay ahead of healthcare industry changes
- Crisis response: Provided rapid, thorough support during the COVID-19 pandemic
- Dedicated consultant: Maintained a consistent relationship with business consultant Tom Pierce for nearly 30 years
- Resource access: Offered specialized expertise whenever needed for specific challenges
The Results
With Scroggins’s long-term partnership, Hyde Park Medical Associates has achieved:
- Maintained independence from hospital systems and larger healthcare entities
- Successfully navigated practice transitions including partner additions and retirements
- Adapted quickly to industry changes with flexible, responsive strategies
- Effectively managed through crises including the COVID-19 pandemic
- Built a sustainable, thriving practice that has endured for three decades
- Created stability through consistent support from the same business consultant
“I started with them in 1991 right out of residency, and they were instrumental in me getting started in practice. I would recommend Scroggins to others for many reasons, but mostly because of the close relationship I’ve had with our business consultant, Tom Pierce, who’s been with us for almost 30 years. I get to be flexible and fluid, and we’ve been able to move quickly. Scroggins has had the resources when we need them, and we’ve had significant issues, such as bringing partners in, retiring partners, or the COVID crisis. They’ve been very responsive at every level. Our relationship with Scroggins has allowed us to accomplish many things, but the most important one is that we’ve been able to be independent as a group. We have not felt the need to sell to a hospital, another entity. They’ve given us the flexibility and they’ve had the resources and the expertise to allow us to be very fluid, make changes quickly, and stay ahead of the changing healthcare environment. Scroggins brings trustworthiness, responsiveness, as well as thoroughness to our practice on a regular basis.”
— Dr. Jim Hochwalt, Internist, Hyde Park Medical Associates
