Practice Assessment

Whether an employed or independent practice, knowing the overall health of the practice and where there are deficiencies is crucial to your ability to maximize performance. You have questions:

• Are you capturing all of the charges for services you provide?
• Are physicians and midlevel providers productive in comparison with their peers?
• Are cash collections low?
• Are providers under-coding?
• Is the billing staff working payer denials appropriately?
• Is the practice properly collecting from patients while in the office?
• How long between the actual service and payment from the insurance company?
• Are operating costs in sync with practice volumes and revenues?
• Are there bottlenecks that hinder patient flow?
• Are there training issues for the staff?

The number of potential problems within a medical practice can be daunting and evaluating their significance requires a systematic approach. Healthcare Strategy Group has the knowledge and skill to assess all aspects of the practice, prescribe solutions, develop a detailed action plan, and even help implement that plan, if needed.

If you have concerns about the performance of your practice, we can help.

For more information, call Kathy Rhodes, Senior Consultant, at 502-814-1184 or Martin Shehan, Senior Consultant, at 502-814-1191.