MDMANAGEMENT is experienced in helping hospital-based physicians get organized to practice on their own. Our practice management services for physicians are designed to help you influence the direction of your profession, give you greater control over your practice and, ultimately, maximize your career.
MDMANAGEMENT was formed to reverse the trend of national management company domination of hospital-based specialties like Emergency Medicine, Radiology, Pathology and Hospitalists. The drive to find a better way lies at the core of every aspect of our operation. Through the services listed below, we are helping physicians take control of their careers and create lifestyles that meet their needs. Our business is working for hospital-based physicians, and we are anxious to go to work for your group.
Contract Acquisition/Negotiations - providing assistance during the various stages of hospital ED contract acquisition and negotiation, including the following:
Group Governance Development - One of the biggest threats to the on-going viability and success of an independent group practice is the group’s ability to make and live with its decisions. Creating the culture of effective decision making requires an understanding of the core values of the founding physician(s). It also requires a commitment of the ownership that acknowledges the realities of group dynamics – namely that the issues facing the organization must be thoroughly examined and fully discussed. However, that process must not be allowed to prevent the practice from being viewed by their client hospital(s), as well as their membership and employees, as being responsive and reliable.
To ensure that your practice is viewed in that manner, MDMANAGEMENT will help you develop a structure that identifies the issues requiring attention and tracks the results of the deliberations. This guarantees each issue is addressed and resolved. MDMANAGEMENT will assign a Practice Administrator (PA) who will meet, along with other key MDMANAGEMENT personnel, regularly with physician management within your ED group practice. MDMANAGEMENT will attend the meetings of the management group (board, executive committee, etc.) and will serve if requested as the moderator and/or referee, making sure that each issue is thoroughly considered and resolved. MDMANAGEMENT develops and distributes the meeting minutes that documents each meeting and coordinates the completion of the “To Do’s” that result.
Practice Start-Up and On-Going Management Services – The financial success of your ED group practice is often determined by the efficiency of the coverage matrix designed and implemented. The larger and more diverse the patient population in a particular ED, the greater will be the potential for increased/improved efficiency. MDMANAGEMENT can provide assistance in creating the coverage model (hours, shift times and length) needed to effectively accommodate patient volume based on arrival times and established patient demand, as impacted by department staffing levels, length of stay, patient acuity and percentage of beds occupied by admitted patients.
Administrative & Financial Support – MDMANAGEMENT offers comprehensive Administrative and Financial Support designed to exceed the expectations of even the most demanding hospital-based group practice. Included in our basic scope of Administrative and Financial services are:
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Account Payable Services
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Patient Refund Services
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Cash Collection Management
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Billing & Collections Financial Reporting
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Provider Compensation & Payroll
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Retirement Plan Development
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Incentive Compensation Plans
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Employee Benefits Management
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Shift Scheduling
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Operational Benchmarking
Physician Compensation - Our compensation plans seamlessly integrate productivity, patient satisfaction and other important data as identified within your hospital contract. MDMANAGEMENT will work with physician management to design a successful physician compensation plan that aligns and rewards activities of physicians and mid-level providers, the operational and financial success of your department, and most importantly, the well being and overall hospital experience of the patient.
Insurance Contracting / Credentialing - Our payer contracting and credentialing expertise is unsurpassed. MDMANAGEMENT has a great deal of expertise in negotiating fair and equitable reimbursement agreements for our clients. Additionally, MDMANAGEMENT provides payer reimbursement compliance monitoring to ensure that your group practice is being paid at no less than agreed upon contracted rates.
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