Physician Practice Analysis & Assessment Services
General, Financial, Operations, and Strategy
A general practice assessment consists of the examination of key areas (a few examples are outlined below). The goal is to determine how your practice is performing compared to benchmarks. The benefit of an outside assessment is the integrity and the experience with other practices and unpublished benchmarks. This provides an advantage for your business which may not be possible through internal candidates. Our assessment can be tailored to fit your needs and budget.
Physician Practice Assessment
- Analysis of profitability and balance sheet
- Revenue Cycle Management
- Ratio Analysis (charges and collections, labor, overhead)
- Coding and Billing Analysis Accounts Receivable Aging
- Write off methodology
- Software analysis and edit checks
- Internal controls (fraud prevention)
- Practice benchmarks
- Insurance Contracts review
- Fee Schedule and allowables
Physician Practice Operations
- Medical Records
- Insurance verification
- Scheduling
- No-show record
- HIPPA and compliance
- Referrals
- Population management
- Patient retention
- Patient satisfaction scores
Physician Practice Strategy
- Short term/Long term vision analysis
- Physician recruitment and satisfaction
- Competitor analysis
- Market share
- Line of business analysis
- JV opportunities
- Partnerships