My Story
Hello and welcome to my website. I’m Dr. Sharon McKarns, the founder of McKarns & Associates, a practice management advisory firm specializing in working with small and mid-sized businesses in the healthcare industry. Throughout my career, I have been fortunate to work in various settings and roles including ENT, private practice, not-for-profit, university teaching, hospitals, and manufacturing. It was during the last 10 years that I truly discovered my passion for helping practitioners like you grow their businesses.
Every day, I had the privilege of working with you to grow your practices and witnessing the incredible impact you were making on the lives of hearing-impaired individuals. It was inspiring to see the dedication and care you put into your work. However, I also noticed a pattern of common concerns that many of you shared. Lack of time and business expertise were prevalent concerns, but topping the list was the question of how much your practice was worth and how to grow and plan for a successful sale.
It became clear to me that most practitioners do not have a solid exit strategy in place, and as a result, their practices are not optimized for long-term growth or a profitable exit. I believe that you, as a practitioner who has dedicated your life to helping others, deserve an exit that is financially rewarding and will allow you to secure your legacy.
That is where McKarns & Associates come in. Drawing upon our extensive education and experience in business and healthcare, we are here to guide you through the process of optimizing your practice for growth, and ultimately for a successful exit. Together, we will assess the true value of your practice, identify areas for improvement, and implement strategies for sustained growth to enhance its overall value and appeal to potential buyers when you are ready to sell.
We understand that selling your practice is a journey. With our expertise and guidance, you can rest assured that you will receive an accurate business evaluation, comprehensive strategic planning, effective optimization strategies and growth support, no matter what stage your business is in. Our goal is to empower you to make informed decisions, grow your business, secure a profitable exit when the time comes, and embark on the next chapter of your life with confidence.
We are thrilled to be on this journey with you, and we cannot wait to help you achieve your goals.
If you're ready to take the next step or have any questions, please don't hesitate to reach out. My associates and I are here to support you every step of the way.
Who We Help
We specialize in helping small and mid-sized businesses including but not limited to:
- Audiology Practices
- Hearing Healthcare Practices
- ENT Practices
- Multi-specialty Groups
- Hospital Clinics
- Optometry practices
- Chiropractic Practices
Areas of Expertise
- Business Strategy & Business Development: Crafting comprehensive business strategies for growth and sustainability and driving expansion through effective business development initiatives
- M & A Consulting & Growth Initiatives: Specialized expertise in mergers and acquisitions strategies, offering strategic consulting services for business excellence and initiating and leading growth-focused projects to increase valuations
- Operations Management: Efficiently managing day-to-day business operations
- Strategic Planning: Formulating and executing strategic plans for success
- Divestitures: Unique programming and compassionate sell-side coaching to help you sell to strategic buyers
- Budgeting & Forecasting: Expertise in budgeting and forecasting for financial success
- Marketing Management & Go-To-Market Strategy
- Process Improvement: Driving continuous improvement initiatives
- Business Intelligence: Utilizing data for informed business decision-making
- Project Management: Overseeing successful project planning and execution
- Competitive Market Analysis: Conducting thorough analysis to stay ahead in the market
- De Novo Practice Development: Specialized expertise in developing new practices from inception
Core Values
- Integrity: Upholding ethical principles and conducting business with integrity.
- Mutual trust: Cultivating strong relationships based on trust and mutual respect.
- Impact: Striving to make a meaningful and positive impact on individuals, communities, and society.
- Innovation: Adopting a forward-thinking mindset to drive innovation and stay ahead of the curve.
- Continuous Improvement: Striving for ongoing growth and improvement to consistently exceed standards.
- Dedication to Best Practices: Embracing and implementing industry-leading practices and methodologies.
- Ethical Conduct: Conducting business with honesty, transparency, and fairness.
- Empathy and Respect: Fostering a culture of compassionate collaboration, where we prioritize understanding and supporting others.
