If you are evaluating your options in choosing a partner to help you establish a new medical practice, look no further than MDmanagement.
Our name says it all. We have helped physicians all across the country with their new medical practices. The trick is in knowing and overseeing the details that are necessary for a successful start-up of a new practice. You can have a list of things to do, but it is important to understand that some tasks are prerequisites for other tasks. Getting the priorities out of sequence can result in significant delays of your practice start-up.
MDmanagement is experienced in helping 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.
Practice Administration / Management Oversight
- Physician practices require sound management oversight and accountability of staff to maximize operations. MDmanagement provides multiple levels of Practice Management Oversight based on your practice’s unique needs.
Group Governance Development
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.
Staff Development & Personnel Management
- Personnel costs (recruitment, training, development) 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.
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.
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.
Not only do we know what needs to be done for your practice start-up, we know how to do it cost-effectively and efficiently. What is even better is that we will work with you after the initial start-up in order to help you move the practice forward at a rate far faster than you can by yourself. MDmanagement’s guidance every step of the way will get your practice up and running quickly.