Company History

What level of professional do you want working for you?

The history of THOMPSON is the business history of its principal, Jeffrey P. Thompson.

The business environment that physicians and doctors work in has changed dramatically, and continues to do so. Some of the major players evolving into key roles as a result of these changes in business are:

  • Physicians
  • Doctors
  • Hospitals
  • Insurance companies
  • Medical business consultants
  • Forensic auditors
  • Business valuation experts
  • Surgi-centers, urgi-centers, medi-spas etc.
  • Billing and management software companies
  • Attorneys
  • Accountants
  • Business consultants
  • Real Estate Development firms

You can imagine the skills required to coordinate efforts of those groups in a manner that benefits a THOMPSON client!

First, Mr. Thompson’s business and inter-personal communication skills are very apparent. He has a very strong sales and marketing background and is a strategic thinker. Additionally, he has trained thousands of sales and management professionals in healthcare and other industries. He speaks regularly to physician societies, academies, physicians and physician organizations on various topical subjects impacting on Thompson clients and the healthcare community.

This firm originated as a dedicated advocate of physicians and doctors. "It is my opinion that, in general, physicians and surgeons have almost totally lost the autonomy and entrepreneurial opportunities that have been an important element in their decisions to enter private practice. Additionally, many physicians have not been adequately trained in the many nuances of this ever-changing business environment. This has made them an "easy target" for those with such skills. This loss of "market" and (in many, many, unfortunate cases) ceding control of income is not due to lack of ability, but rather the lack of business focus and developing, implementing and monitoring effective business strategies. Physicians and doctors are concerned about treating their patients first and business comes next. The business world only deals with profit. Thus, this leaves physicians vulnerable – and the results speak for themselves. This lack of control is frustrating and a primary reason for physician job dissatisfaction.”

"I am interested in leveling the playing field by streamlining business operations, maximizing profit and creating the infrastructure and strategies required to operate a business profitably while patients are being treated at the highest professional standards. I make certain service vendors and retained professionals do what they say they will do in a timely manner and within budgets. I protect assets and present information in a manner allows the physicians to fully understand alternatives so they can make logical business decisions and strive to empower others with my expertise and ability to create opportunistic situations."

The following CV is included for you to review to better understand Jeff's qualifications.

 


 

Summary

Thirty–five years of business experience with emphasis on business systems, financial analysis, operations management, strategic planning and interpersonal business skill training and personnel development.

Education

Attended Rutgers University in New Brunswick, NJ History/Liberal Arts

Graduated Mars Hill College, North Carolina, BA Education

Personally financed 100% of education through numerous part-time jobs

Maintain continuing education requirements for insurance license validation

Numerous industry related seminars and self-study programs

Work History

1996 - Present J. P. THOMPSON & ASSOCIATES, President

Thompson is a integrated business management consulting firm with clients throughout the U.S. This is a highly specialized and experienced professional services company providing business solutions and professional business education to healthcare and other business companies. Thompson is also frequently retained by other industries such as Skilled Nursing and Rehabilitation, third party billing companies, physician owned and/or managed companies. Thompson has also been regularly engaged as a business consultant to the real estate valuation and real estate commercial sales industry and other healthcare and non-healthcare related businesses. In addition to consulting/facilitation and providing practice specific products and services, the firm also provides national customized business skill training programs and presentations designed to assist physicians and others businesses in achieving goals and objectives.

1995 - 1996 Button - Hunter & Associates, LLC, Partner

Responsible for operations and management of the Physician Consulting Division including all new client development. Emphasis on analysis and crafting successful business solutions for current and new clients. Examples of these projects include mergers, acquisitions, dealing with management infrastructure issues, practice evaluations, compensation issues, and other practice related agreements and the hiring of physicians, physician associates and practice managers.

1993 - 1995 Button Associates, Vice President

Developed new business consulting opportunities for single and multi-specialty physician practices and healthcare organizations throughout New Jersey, in Pennsylvania and New York. This work included developing relationships with Physician Organizations, IPA’s, PHO’s, hospitals and hospital organizations. Responsibilities included selling the initial meeting, proposal development and presentation, closing and managing the overall project. Maintained executive management consulting responsibilities for each project. Personal involvement with, as well as, management of consulting and administrative personnel directly related to project outcome. Heavy concentration in strategic planning, mergers, development of management infrastructure, recruiting and hiring administrators and practice managers. Handled sensitive and difficult physician issues and relationships.

1986 - 1993 Smith Insurance Services (Donald F. Smith & Associates), Senior Vice President

Corporate operational responsibilities for a large, prominent regional (Maine, Vermont, New Hampshire, Connecticut, New York, Pennsylvania and New Jersey) insurance and brokerage consulting firm reporting directly to the Chairman. Heavy concentration on alternative risk financing, professional liability (physicians and attorneys), and multiple property and casualty package programs for hospitals, nursing homes and other healthcare institutions. Guided development and implementation/expansion of esoteric products. Designed and implemented national marketing strategies for product distribution to financial institutions, automobile manufacturers and dealers and self-insured workers compensation trusts. Developed, maintained and managed select large national corporate accounts.

1973 - 1986 Liberty Mutual Insurance Companies, Boston

Direct sales, marketing, and sales and district sales management responsibilities. Emphasis on psychology of selling and needs analysis, strategic planning, media mass marketing, product enhancement and new product development. Interpersonal and communication skill training and sales and sales management training responsibilities Mid - Atlantic Region. Designed and presented numerous sales management and sale training seminars on various behavioral modification methodologies, sales skills development and operations management skills utilized throughout the US. Assigned numerous division offices and consistently produced new and retention volume in top 5% nationally. Received numerous local and national sales and sales management awards for production, retention and growth.

Professional affiliations

2004 – Appointed as a New Jersey Municipal Court Mediator for the Monmouth County, NJ Vicinage.

1996 – 2002 - The New Jersey Academy of Ophthalmology, Clark, NJ – Faculty presenter Ancillary Workshops and select Academy sponsored seminars.

1999 - 2002 - Ocean County College, Toms River, NJ – approved Consultant/ Trainer for the Department of Continuing and Professional Education and the Division of Customized Training.

2001 – 2003 - Middlesex County College, Edison, NJ - approved Consultant/Trainer for the Institute for Management and Technical Development

1999 – 2003 - American Management Association - Certified Instructor

2002 – 2003 – Member Telemedicine Communicators Alliance

2007 - Appointed to the Board of Directors of The Gerrard Berman Day School; Solomon Schechter of North Jersey; Member of the Strategic Planning Committee.

Personal

Married thirty-six years with one daughter and two sons and three grandchildren.

Hobbies

My family, personal fitness, automobiles, boating, reading and woodworking.