Good patient care is good business and our professional consultants are dedicated to helping medical practices become better businesses. Our services are designed to optimize practice profitability, improve practice operations, increase our clients’ overall performance, and bolster patient satisfaction. Our consultants have extensive knowledge and experience in their fields, enabling them to implement the most effective strategies for maximizing your potential.
Our healthcare consulting services are designed to help healthcare organizations chart a course of success, streamline processes and maximize implemented results. We focus on the key areas that directly impact the direction and financial health of an organization. Our team of health care consultants create and map a customized plan based on your specific needs. We then deliver results quickly and efficiently to meet immediate demands and long-term goals, allowing your organization to move forward successfully.
Our practice start-up services include everything you need to get your practice started on a firm foundation. We do not believe in a one size fits all approach to start-ups so each of our proposals is custom designed based on your specific needs. We will spearhead the hiring of qualified personnel, training, physician credentialing, policy and procedure development, and software advisement.
By employing in-depth operational reviews, our consultants look at critical issues such as practice growth, financial management, staff, daily operations, and coding and compliance to determine the financial health of your practice.
Our services include physician productivity improvement, reductions in support staff and infrastructure costs, recommendations for implementing proven “best practices”, and improvements in billing and collections that significantly enhance the financial performance of the practice and/or physician network.
Practice Financial Analysis
The financial health of your practice determines how well you're doing. Assessing the financial health of your practice involves keeping 2 measures on your radar screen: how well your practice collects revenue and how well it controls costs.
Proforma Development & Modeling
Pro Forma’s are estimated statements that are typically projected for 3 years. They demonstrate the best case, worst case, and most likely financial scenarios of a practice, clinic, healthcare entity, etc.
Our experts help facilitate and lead you through the business planning process which is critical to your success. We can help you estimate and project cash flows by month, quarter and year, with anticipated timing of cash receipts and expenses, taking into consideration insurance payment time delays and other aged accounting methodologies. Our goal is to demonstrate profitability while allowing you to meet financial obligations and giving you the capacity to absorb financial setbacks.
Key Performance Indicators for Management Reporting & Decision Making
Today more than ever, managing a practice is not just about caring for your patients - it’s also about running a successful business. If you lack efficiency, your quality of service will ultimately suffer. To thrive, you need to make informed decisions. We can help you develop relevant financial and operational indicators, using benchmarking that allows you to quickly monitor performance and evaluate your practice while comparing your measurements to national standards for like specialty.
Executive Management Support on a Per Diem Basis
Finding the right talent and skillset to help your practice be successful can be a challenging and lengthy process. Our executive management team can provide temporary or long term oversite of your practice, clinic, or healthcare entity, removing the tedious process of talent search, while capitalizing on the years of experience possessed by our team of consultants.
Key strengths of our management team include working independently or as a member of your executive management team to meet objectives for fiscal management, strategic development, planning, directing, monitoring, coordinating, evaluating, and continually improving the operations of your practice or healthcare entity.