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We understand your challenges As a private practice physician, you face challenging issues every single day. If you are like the majority of your peers, you are spending more time addressing administrative issues than you do with your patients. You are overwhelmed with the constant changes in reimbursement guidelines that affect the profitability of your practice. And you have the ultimate responsibility of ensuring that you and your staff deliver efficient, compassionate and quality care. Professional Practice Management, Inc. understands your challenges. We offer comprehensive practice management services to address the day-to-day functions of running your practice so you can concentrate on what you do best care for patients. With more than 60 decades combined experience, our team has the skill and expertise to help you with:
Office Management When you partner with our PPM, we provide a designated administrator to work with you and your office staff to review existing policies, procedures and protocols affecting the patient revenue cycle and clinical operations of the practice. Based on that assessment, our administrator helps you develop a comprehensive strategy to streamline your daily office practices and eliminate inefficiencies which waste time and money.
Employee Hiring/Training Good employees are the key to a successful practice. That is why it is crucial that you hire the right people to fill every position. It is equally important that they have ongoing training, proper supervision and management support. With the expertise and support system that our PPM offers with employee hiring/training, your staff will be skilled and qualified to keep your practice running smoothly, efficiently and profitably. Specifically, our PPM team can improve your staff efficiency by:
Financial Management Our PPM team generates monthly financial statements and productivity reports that monitor financial performance, cost effectiveness and practice efficiency. These reports offer a clear picture to help you make sound business decisions regarding your practice. Among these decision-making tools are:
Because coding errors, missed charges, and inadequate documentation lead to lost revenue, our staff stays abreast of the constant changes in reimbursement guidelines. We have the expertise to analyze your current billing and collection practices to determine whether you are charging a competitive fee, as well as your success rate of collecting outstanding bills. We then examine your coding and documentation to determine whether your staff is coding properly not only to achieve maximum reimbursement and but also to ensure that your documentation complies with CMS guidelines. After we assess your revenue cycle management process, we propose a customized program to address your needs and maximize profit performance. That plan may include ways to:
Benchmarking Before you can establish goals and develop strategies for your practice, you need to know not only where you currently stand, but also what the best practices are among your peers across the country. Our PPM staff utilizes a variety of benchmarking resources, including comparative data available through Medical Group Management Association and Medicare, to look at everything from how your practice compares financially with others within your specialty to operational efficiencies to patient and employee satisfaction. Based on what we learn through identifying these best practices, we can help you re-engineer your practice to increase its financial performance and productivity. Specifically, our PPM team can help you:
Marketing Our marketing specialists work with you to develop a customized marketing plan that includes external and internal marketing initiatives that position you to succeed in a competitive environment. Our goals are to significantly increase your visibility, grow your market share and ultimately generate more revenue for your practice. We conduct in-depth research to identify the attributes that set your practice apart from your competitors and communicate those differentiators through various media. Specifically, our staff will help you create a detailed marketing plan that:
To support this marketing plan, our PPM staff has the expertise to create a wide array of advertising and collateral materials including:
In addition, our staff can help increase public awareness for you and your practice through arranging speaking engagements, public appearances, and participation in health fairs and other community outreach events. Information Technology With evolving standards in health care billing methods and government regulations, it is essential that you have the knowledge and equipment necessary to keep up with the industrys constant changes. When you partner with our PPM, you have access to Encore an advanced information technology system that supports streamlining the patient revenue cycle and clinical operations of your practice. One of the leading software systems for physician practices, Encore increases the overall speed and efficiency of your practice through:
Managed Care Administration It is crucial to the profitability of your practice that your staff keeps up with the constant changes occurring in the managed care arena. Our PPM professionals have the expertise not only to set up an infrastructure to guide your practice through contract assessment, reimbursement evaluation and credentialing, but also to analyze and monitor your productivity and profitability on a continuous basis. Our managed care experts can assist you with:
We stand ready to help Whether you want to improve the income and productivity of your practice, increase the time you spend with patients, ensure compliance with ever-changing regulations, or a combination of all the above, our team is just a phone call away from helping you achieve the results you desire. For more information
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