Most new client relationships begin with an in-depth analysis of the practice. We call that a Practice Assessment. You can think of it as a complete history and physical. We will tell you what is working well and what needs to be corrected within your practice. At the completion of the on-site analysis, we will prepare a comprehensive written report of our findings, recommendations and plan for implementation. If you want to develop a valid treatment plan, you have to be able to look past the symptoms and treat the disease. We have the training and experience to recognize the source of the problems.
What separates the MDMANAGEMENT process from that of other “consulting firms” is our commitment to the implementation of our recommendations. All too often, we have practices tell us that they had a practice assessment done a few years ago but nothing changed. The proposal sat on the shelf, or at best, a few things were done, but people soon went right back to their old habits and no one was responsible for seeing the projects through to completion. If retained, MDMANAGEMENT is committed to implementation of our recommendations.
Practice Assessments
Our experienced practice management consultants can perform a focused or comprehensive practice assessment to identify opportunities to increase income and physician productivity by focusing on critical elements that impact reimbursement, overhead and billing/collections.
Practice Administration / Management Oversight
Physician practices require sound management oversight and accountability of staff to operations. MDMANAGEMENT provides multiple levels of Practice Management Oversight based on the practice’s unique needs.
Policies and Procedures / Accountability Controls
Lack of documented policies and procedures linked to staff responsibility and accountability forces staff to ‘rule by exception,’ creating data quality and compliance headaches. To strengthen operations and compliance, we review, develop and refine financial and operational policies and procedures, and establish measures to monitor operational performance.
Staff Development & HR Management
Personnel costs can represent the practice’s single highest expense and the greatest factor for practice management success. We review current management and reporting operations, perform task analyses to gauge workflow, division of responsibility and then match tasks to staffing requirements. We can develop personnel policies, educational programs, task-oriented position descriptions, evaluations and establish salary and productivity ranges.
Practice Start-Up and Expansion
We bring years of experience to help set-up new providers and let them become productive as quickly and inexpensively as possible. We can help build your patient base, add colleagues, develop group practice governance and other expansion opportunities. Our conservative yet contemporary approach helps heighten awareness of your practice, improve patient satisfaction and increase market share. We can even help determine the feasibility of a satellite office.
Compensation, Productivity, Income Distribution
With the changes in managed care reimbursement, fair distribution of earnings among physicians can be critical to productivity. We design equitable compensation plans that maintain – and often improve – professional relations.
