"Small" Practice - Few Providers
Too often, clients migrating from National Billing Services or Large Practice Management firms feel like they are not a priority due to the volume of their practice. Our approach is customized, based on the needs of our clients, and we focus on ensuring we identify standards and KPI. We focus on understanding the current state of your practice, while setting goals for the year, and establishing strategies for attaining those goals.
Truth is, there are providers out there that want to establish, and grow their private practice, and not be employed. Conversations with Residents and Fellows confirm that the next generation(s) of providers do have a sense of want/need to establish themselves independently, and established medical professionals want independent growth.
We have helped many Residents and Fellows establish their practices, and build business models that promote strong referral bases, and establish a payer mix consistent with their community to ensure their patient population is unencumbered by providers being out-of-network.We are currently creating content for this section. In order to be able to keep up with our high standards of service, we need a little more time. Please stop by again. Thank you for your interest!
"Large" Practice - Many Providers
Compensation is a large component to the success of Large Practices. Regardless of specialty, provider productivity and individual analytics are important in determining where revenue is coming from. By segmenting revenue by provider, by location, by demographic, and by payer, practices understand better how to build optimization strategies.
Succession planning is a big driver of Large Practices, and coordinating continuation of services (new and established) based on needs is paramount to the health and wealth of the practice. Practice Valuation exercises also assist in providing non-biased, non-sentimental value to the practice, to help determine if selling the practice is an option. We provide a comprehensive look at valuation of the practice, and present our findings in a manner that will explain the components of the valuation.