We take on the business of medicine while you retain clinical autonomy.
New service lines and revenue streams
Panel expansion
Strategic planning
Revenue Cycle Management
Credentialing
Payor Negotiations / Contracting
Recruitment / Human Resources
Finance / Accounting
Regulatory Compliance
Marketing and Business Development
Technology
Legal
1. Non-disclosure agreement
2. Preliminary information about practice
3. Formal proposal; a letter of intent to partner with the practice
4. Signed letter of intent
5. Deep diligence and transition planning
6. Closing
Clay Spence and Sharvil Patel founded Nimbus Health in June of 2022.
Nimbus Health is a venture-backed company, meaning that we raised from a variety of Silicon Valley investors who are interested in using technology to innovate the field of pulmonary medicine. We count among our investors and advisors some of the top technologists and healthcare entrepreneurs in the country.
The short answer is that we’ve been extraordinarily successful at transforming traditional pulmonary clinics, adding new service lines, and increasing practice revenues. We attribute this success to our unconventional corporate team - alongside physicians and experienced healthcare operators, you’ll find software engineers, data scientists, and creatives. Our philosophy is that in order to improve American healthcare, a sector notoriously resistant to technology and innovation, it is important to experiment and often reinvent aspects of clinical operations.
We value your practice on the basis of your patient panel and prospects for growth in your region. The size and characteristics of your patient panel matter, and we prefer practices with older, more chronically ill patients, since our new service lines are designed with that population in mind. We also assess competition dynamics in your region, as well as prospects for recruiting another pulmonologist to your practice in the event that you decide to retire or dial back your involvement in the clinic. Once we have key information from you, we’ll present an offer on a video call, and explain our methodology.
When we purchase your practice, you become an employee of Nimbus Health. In addition to the purchase price, we guarantee your base take-home at your historical average, and give you a significant percentage of new revenues to the practice. Most importantly, we assume all costs and liabilities of the clinic, no matter what happens.
We guarantee your traditional take-home as long as you maintain your traditional caseload. In addition we offer a significant year-end bonus for helping us add new revenue to the practice. Your health benefits will remain the same or improve, and the only major change to anticipate is to the retirement plan, which is required by law to be consistent across all Nimbus entities.
We expect your productivity to remain the same. No additional visit quotas; we accommodate your style of practice, and do not expect more than your historical average. However we prefer to partner with pulmonologists who believe in and are willing to supervise APPs, since strong NPs and PAs are a key part of the evolution of this aging specialty.
Yes we will. Our goal is to empower your staff, not replace them. We maintain the same wages and benefits for your staff, and add additional staff members as necessary. Of course, the staff needs to perform and meet quality benchmarks related to patient and physician satisfaction, but we strongly prefer to work with your existing staff to achieve these goals.
We believe in strong, local office managers. Our model is to support the practice manager, but not make frequent trips to your site to handle details. The practice manager has to be able to reason critically about problems in the clinic, assess root causes, and take necessary steps to address those problems. There is really no substitute for strong leadership on the ground.
You’re not alone. The average age of an outpatient pulmonologist in America is 62, which is the oldest of any specialty. This is a question we receive from almost every pulmonologist we talk to, and most anticipate a retirement date in the next 5-10 years. We will develop a transition plan with you, whether that’s a transition to part-time work or a transition to full retirement. Once we’re aligned on the transition date, we’ll recruit a new pulmonologist to join your practice and build a relationship with your patient panel alongside you. Retirements should be graceful transitions, and it is extremely important to us to ensure continuity of care for your patients.
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