Practice Assessment
Practice Assessment
Many medical practices deal with business issues in a reactive mode – handling each crisis as it presents itself. This approach can be expensive and time consuming. Thus, MMS offers a comprehensive Medical Practice Assessment to help physicians better understand their current environment, identify potential revenue opportunities, and position their practices for long-term success.Have you ever asked yourself?:
Am I realizing my practice’s full revenue potential?
How can I position myself, and my practice, for long-term success?
Am I taking full advantage of opportunities to diversify my practice?
Is my collection rate appropriate for the charges I submit appropriate?
Have I set my fee schedule properly?
How do I create and implement a practice development plan?
Medical Management Service’s in-depth, comprehensive Assessment will help you answer these questions and many more. This thorough evaluation will allow you to benefit from MMS’s extensive medical experience and understanding of today’s medical landscape. This assessment will examine all aspects of your practice and include the following:
- Coding, Billing/Collections
- Fee Structure
- Personnel Issues
- Billing and Practice Costs
- Review of Current Processes
- Evaluate Growth Opportunities
- Charge Capture
- Staffing Levels
- Financial Statements
- Contract Agreement Analysis
- Information Reporting
- And, other pertinent information
Upon the completion of this evaluation, MMS will present a summary of our evaluation and potential recommendations. This detailed appraisal, that includes industry and regional specific benchmarking, will provide you with a valuable study of your current position and potential strategic direction for your practice.
If you are interested in more information or want to schedule a PM&R Practice Assessment, please contact Kelly Lewis at: (919) 414-3517 or info@medmanagers.com