Healthcare Practice Management Services

Healthcare practice management includes a variety of specialized accounting and consulting services. Medical practices today are increasingly challenged to control costs, improve cash flow and still take care of patients. However, for many physicians and healthcare leaders, there is not enough time, resources and dollars to offset reimbursement reductions, regulatory audits and technology advances to deliver high-quality, patient-centered care. The following is a broad outline of what typically comprises healthcare practice management in a physician practice environment:

Operations

With over 25 years of experience, I can help independent physicians in managing a medical practice with the following services:

  • Improvement in day to day operations
  • Governance and leadership
  • Human resources
  • Data analytics
  • Revenue expansion
  • Physician recruitment and transition
  • Physician compensation
  • Practice administration
  • Coding evaluation
  • HIPAA and OSHA compliance
  • IT technology
  • Internal controls
  • Patient flow processes

Financial

Whether you need to enhance billing performance, add staff or increase management resources, I can help you develop and implement billing and collection improvement strategies that are designed to minimize accounts receivable days, reduce denials and maximize collection results.

  • Improve revenue cycle process
  • Accounts receivable and denials management
  • Review and improve billing & collection procedures
  • Financial reporting, analysis, and benchmarking
  • Payer negotiations and contracting
  • Accounting and bookkeeping

Other

  • Physician practice mergers
  • Physician contracts
  • Integrated delivery systems
  • Practice valuation
  • Complete practice assessments
  • Strategic planning
  • Practice marketing
  • Patient satisfaction

If you have any questions regarding these services, please do not hesitate to call me at 281-379-5988 or email me at reedt@rtacpa.com.