When you’re running a busy practice, ensuring you’re getting what’s owed to you from insurers, or working on budgets and forecasting to keep overhead down, isn’t always at the top of your “to-do” list. It is even harder in today’s environment, where a business degree is almost required to run a medical practice.
We’ll help you get a handle on all the niggling details that can cut straight into your profits—and work with you to develop a blueprint for running your practice like a business.
But it’s a fact that physicians who pay attention to their break-even levels, monitor fee schedules, and analyze their financial performance on a regular basis are more profitable—and less stressed.
Our partners have worked with hundreds of medical practices. We know the language of insurers. And we’re experienced at negotiating better deals with new associates, hospitals, and even equipment suppliers.
We’ll help you get a handle on all the niggling details that can cut straight into your profits—and work with you to develop a blueprint for running your practice like a business.
We’ll help you:
- Systematize your billing procedures so you capture all the income you deserve
- Set up a “dashboard” system to monitor your key financials in real-time
- Negotiate hospital contracts and equipment purchases/leases
- Structure acquisitions, sales or bringing on a new associate
- Work with your attorney to ensure that any new transactions are Stark-compliant
- Protect your assets through proper tax planning
- Budget and forecast to create maximum profitability