Practice Management
In today's highly competitive healthcare environment, with its ever-changing opportunities and constraints on revenues, the ultimate success of any physician practice depends upon maximizing revenues and controlling costs.
Practical Healthcare Solutions approaches practice evaluation by first looking at what's working well to determine where further improvements and enhancements can be made. Then we are on to what needs fixing. PHS can provide a comprehensive audit, or a plan around a specific issue, with assistance in assessment and implementation, as well as staff recruitment, training and supervision. Among the practice services frequently requested by our clients are:
Profitability Enhancement
- Fee schedule review and revision
- Cost-containment / overhead reduction
- Billing / collections effectiveness
- Coding reviews and assistance
- Insurance claim processing for revenue maximization
- Cash and expense projections for new practices, additional offices, or adding associates
Operations Assessment & Refinement
- Appointment scheduling
- Telephone management
- Records management
- Bookkeeping
- Maximizing staff utilization
- Patient relations
- Referrer relations
Facility Planning
- Space planning or space and facility enhancement
- Office equipment selection, including EMRS