Behind Every Successful Physician There's a Trusted Advisor

Radiology

Radiology Practice Management
In today’s healthcare market, radiologists that expect to remain competitive and grow their practice must have confidence that their business arm is maximizing their reimbursement potential. Reimbursement cuts, coding changes, tougher compliance rules and market encroachment by non-radiologists significantly undermine radiology practice revenue. Fortunately, MDMANAGEMENT has been addressing these issues for more than 25 years. Practices understand that MDMANAGEMENT's revenue cycle management solutions can help them grow revenue, control costs and reduce regulatory risks. MDMANAGEMENT - Someone who understands the issues surrounding the business of Radiology.

Hospital Contract Negotiations
MDMANAGEMENT's consultants can provide assistance and advice regarding your hospital contract negotiations based on our extensive healthcare experience. In addition, we can refer you to qualified legal counsel for a legal review of your contracts.

Reimbursement Analysis
MDMANAGEMENT account managers closely monitor and analyze each client's account to determine if third-party reimbursements received are consistent with expected amounts and applicable reimbursement laws and regulations for radiology services. The account manager and a professional coder perform periodic audits to determine if all the procedures performed by the radiologist are accounted for as indicated on the billing slip. Accurate billing reports are necessary for proper collection of third-party reimbursement fees. Proper information facilitates timely collections and may reduce operating costs for clients.

Efficient solutions for your operating practice Practice Assessment
MDMANAGEMENT's professional consultants can perform an on-site management evaluation of your current practice and provide you with a detailed analysis, including solutions for operating your practice more efficiently and effectively. Our practice analysis services may include investigation of radiology records, billing and collection reports, practice mix, accounts receivable reports, payment posting records, procedure entry, insurance verification, claims, follow-up, patient statements, telecommunications, quality assurance, capitation and managed care contracts.

Strategic Planning
The economic and political pressures on radiologists…decreasing reimbursement, increasing overhead, complex hospital and managed care contract negotiations, hospital mergers and acquisitions has caused a surge of practice expansions including mergers, consolidations, acquisitions and joint ventures. While expansion is a typical response to these external forces, there are many business and legal implications related to practice expansions which must be effectively addressed to ensure a successful expansion. As with any business decision, practice expansions must be carefully planned in order to achieve the desired result.