Practice Business Optimization

Improve business performance for practice success

 

In today’s environment it takes both clinical and business expertise to operate a successful specialty medical practice. Physicians and staff must possess keen foresight in a diverse set of areas and have the expertise to make decisions that are vital to your practice’s success. Our team of business optimization consultants have the expertise to customize a plan and make thoughtful recommendations specific to the needs of your practice.

Areas of Expertise

Phase 1 Assessment

Our team of dedicated business optimization consultants will collect data to rapidly build knowledge of your practice. We will meet with your staff to study current workflows and processes to gain a complete view of your operational performance. We will conduct interviews and coordinate small group sessions to identify areas at risk that may result in revenue leakage and identify operational improvements.

We then compare your business operations, inventory management and revenue cycle management with proven best practices collected from specialty practices from across the nation and subsequently receive practical improvement methodologies that you can then implement in your practice.

Phase 2 Implementation

After the analysis is complete, we will work with your team to share our comprehensive findings, including recommendations for improving efficiencies and look at areas where you may be able to increase revenue. Our consultants will confirm your areas of strength and lay out recommendations for you to focus on improvement opportunities. The report will detail the anticipated financial impact of recommended solutions, potential for revenue recovery and possible reduction of overhead costs.

Our team works with the practice management to assist in implementation of recommendations and process redesigns received from your Practice 360° Consulting Service to help improve overall business performance for your practice.

 

Our business optimization team is ready to help you find additional value in your practice.



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