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We Reengineer Operations To Maximize Efficiency
Our practice management consultants work with you to identify opportunities to control costs, protect income, preserve your patient base and increase physician productivity. MDmanagement brings over 30+ years of experience – along with a comprehensive range of services – to help providers become productive as quickly and inexpensively as possible.
What are the most effective approaches to building your patient base, adding colleagues, developing group practice governance and selling or acquiring practices? More and more physicians and hospitals are turning to MDmanagement for practice management solutions.
Personnel represents a practice’s single highest expense. MDmanagement identifies staffing requirements, develops personnel policies & motivational programs and establishes salary and overhead ranges to maintain efficient staffing levels. MDmanagement can develop results-oriented position descriptions and personnel evaluations. We can even review your compliance within regulatory areas of personnel management.
Our conservative yet contemporary approach helps you professionally heighten awareness of your practice, improve patient satisfaction and increase market share. We routinely work with clients to develop and implement strategic action plans to evaluate the feasibility of additional satellite offices.
Within the practice, decisions should result from an efficient process that gives responsibility and accountability to the most appropriate people. To establish this organization, we evaluate abilities and interests. Then we help form committees that not only capitalize on individual skills, but also create a cohesive group.
With the changes in insurance reimbursement, fair distribution of earnings among physicians can be critical to productivity. We design equitable compensation plans that maintain – and often improve – professional relations.
If you’re adding a colleague, we will help you negotiate employment agreements and develop letters of intent for prospective physicians. We also can assist in structuring tax advantageous buy-outs.
Since 1984, our hospital-based physician clients (Anesthesiology, Emergency Medicine, Pathology and Radiology) have sought advice regarding their frustration of not knowing if their billing company was doing an effective job of billing & collecting for services rendered. Many times, we were asked to recommend a new billing company. Historically, we have been reluctant to recommend third-party billing companies due primarily to the fact that there were only a handful of billing companies that could be relied upon in our service area to fully meet the needs of our clients.
During a strategic planning session in1988, a new division of MDmanagement was created to service the needs of hospital-based physician groups. Our focus is to identify and correct inefficiencies that arise in the performance of fundamental billing and reimbursement activities by your third-party billing company.
Acting independent of your billing company and on a direct reporting basis to our physician clients, we schedule monthly site visits to your billing company to audit the previous month’s billing & collection activities. We investigate not only suspected problems, but also common operational areas that are often overlooked or not thought to be an issue. We ensure that your business practices are effective and financially strong.