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MDmanagement is experienced in helping office-based and 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. 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 physicians and we are anxious to go to work for your group.
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.
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 as being responsive and reliable.
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.
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.
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.