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Client Case Studies
Industry: Medical
In healthcare, nothing is ever turnkey. Oftentimes, there are multiple hoops to jump through—an obstacle that can be debilitating unless you have the proper guidance. Yet, two emergency department physicians were determined to launch a contract group that could truly make a difference in the current state of hospital emergency rooms across Illinois.
Their vision was no easy feat: improving and streamlining processes and collaborating with hospital administrators to provide the best care possible. The partners knew they would encounter barriers along their journey to make this happen, and still they persevered.
However, they knew they couldn’t do it alone. The partners needed help developing the full concept, building the business, and funding their idea. They knew this business could become a reality if they had the right person at their side. And, the partners ultimately determined that person was Michael Straza.
Straza’s business acumen and experience in healthcare, particularly, was what attracted the partners to him. Straza handled all incorporation documentation—business formation documents, governing records, nondisclosure items, insurance—as well as physician recruitment, billing contracts, and accounting procedures.
From a financial perspective, Straza’s creative approach to getting operations off the ground allowed the company to gain traction without relying on a conventional bank for funding. This resulted in 3—6 months’ worth of operational monies; an invaluable asset until funds began to start to solidify from insurance companies.
As the business grew, Straza worked closely with 20—30 contract physicians who he recruited, alongside serving as a liaison for hospital administrators/medical directors across multiple hospital facilities. He also played a key role in branding and communications, working directly with the design agency and leading decision-making surrounding design-related elements such as brand name, logo, font, etc. Oftentimes, a person in Straza’s position does not have the know-how (nor bandwidth) to serve in this capacity. Thankfully, he was able to provide his expertise in this area on top of his other contributions.
Again, there are challenges specific to healthcare that not just “anyone” can navigate. Straza was able to overcome the barriers to success and help the physician partners move from concept to corporation—and a successful one at that. In his time as Operations Director, Straza helped grow the company’s revenue to $6M annually.
Michael's Results
Handled all legal, insurance, and contracting for incorporation
Secured 6–12 months of ops funds
Grew annual revenue to $6 million by year 2
“Michael has a breadth of experience on the logistics and end-to-end operations required to successfully execute on business models. Michael creatively tackles these challenges transparently showing his passion and full investment in his work. He serves as a catalyst for creative thought and work execution.”
“Michael demonstrates an innate ability to disseminate complex business issues (for people, process, and technology) into consumable action plans.”
“Michael’s network of bright innovators has the potential to create exciting synergies.”
Straza’s business acumen and experience in healthcare, particularly, was what attracted the partners to him. With his fresh insight and dedication to stabilizing bleeding cash, Straza led the business to recover $240,000 lost in funds due to previous oversights and errors.“Hile Broad Properties looks to Michael Straza as a tuned-in business development partner, whose commitment to activating Normandy Village as a vibrant community resource is strong. Michael is attentive to what we’re saying and interested in moving from ideas to action, as shown in his responsiveness to any contact.”
Straza’s business acumen and experience in healthcare, particularly, was what attracted the partners to him. With his fresh insight and dedication to stabilizing bleeding cash, Straza led the business to recover $240,000 lost in funds due to previous oversights and errors.“He has brought strategic thinking, operations expertise, and scalability to our company, which has grown in large part due to his leadership.”
The numbers speak for themselves, but there’s also the element of peace of mind for business owners, thanks to Michael’s leadership.“Michael Straza has been a guiding force when we needed to make crucial business decisions.”
The numbers speak for themselves, but there’s also the element of peace of mind for business owners, thanks to Michael’s leadership.“One of the main reasons our business is the success it is today is Mike Straza.”
Perhaps most impressive is Straza’s influence in growing the company to $5M in revenue by year four of its inception—despite recession-based economic hardships.
"One of the main reasons our business is the success it is today is Mike Straza. His financial discipline, wisdom, and patience allowed Zdi to withstand the struggles of growing a business during the worst recession of our time. Without Mike, Zdi would have disappeared long ago, along with many of our competitors."
"Mike Straza has the intellect necessary to understand the complex situations that come with running a multimillion dollar business, as well as the confidence it takes to make the tough decisions. He has the ability to be extremely direct when needed and the compassion to know when it’s appropriate."
"Michael demonstrates an innate ability to disseminate complex business issues (for people, process, and technology) into consumable action plans."
"Michael’s network of bright innovators has the potential to create exciting synergies."
"Hile Broad Properties looks to Michael Straza as a tuned-in business development partner, whose commitment to activating Normandy Village as a vibrant community resource is strong. Michael is attentive to what we’re saying and interested in moving from ideas to action, as shown in his responsiveness to any contact."
"Michael Straza has been a guiding force with Presto Media at times when we needed to make crucial business decisions. He has always been a great source for figuring out the best path forward. He has brought strategic thinking, operations expertise, and scalability to our company, which has grown in large part due to his leadership."