FINANCIAL ANALYSIS (A/P)

We review your accounts payable and accounts receivable and determine if your accounts are being managed appropriately. We look for cost savings opportunities and expenses that can be eliminated or reduced. We can make recommendations to save you money in many areas of practice expenses in order to increase your bottom line.

REVENUE GROWTH STRATEGIES (A/R)

By reviewing your accounts receivable, we can offer suggestions to help you grow your practice. We review the aging of your revenue, claims submission and follow up, coding, payer mix, denied claims ratio to claims billed and coding bell curves. With this analysis, you will be able to determine you are using your mid level staffing correctly and maximizing your reimbursement potential.

STRATEGIC PLANNING/BUDGETING

The practice of medicine is becoming the business of medicine.  Practitioners today need to financial skills like never before.  By meeting with us and determining your short and long term goals, we can assist with a strategic plan which would include budgeting goals and guidelines to help you meet your long term practice goals. 

Medicine, technology and health care billing are in a constant state of evolution.  We can help you set your practice goals for growth and longevity.  By planning for the technology and health care billing demands of the future you can focus more of your time on patient care.

BENCHMARKING

We provide regional practice statistics that allow you to know how your practice compares to others in the northeast. Statistics include overhead costs, staff to provider ratios, payer mix averages, annual gross and net revenue. Armed with this information, you can determine potential changes and/or modifications to your practice.