Saturday, 2 April 2016

THE VALUE OF PRACTICE MANAGEMENT

THE VALUE OF PRACTICE MANAGEMENT

Ninety Nine Practice Management helps healthcare providers to focus on their core skills – delivering high quality care to their patients. The daily hassles of running a business, managing personnel, tracking inventory, and navigating regulatory issues will no longer be the sole responsibility of the provider. Historically, these services have been found to be at least cost neutral, although most practices will reap cost savings from economy of scale benefits. Most providers realize higher incomes through efficient process management, proper planning, and better revenue management without experiencing major changes.
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SERVICE OFFERINGS

Financial Services. Accounting, bookkeeping, bill payment, budgeting & planning, cash management, merchant services, practice assessment, performance evaluation, and reporting. Financial services management provides excellent cost control.
Operations. All business operations and onsite clinical operations, including office process management, staff allocation and supervision, compliance, quality control & improvement, contract negotiation, property management, and equipment maintenance. Better operations will return valuable time to the providers, allowing them the opportunity to increase productivity or spend meaningful time away from the practice.
Marketing. Traditional (door to door) promotions, direct physician networking, and internet marketing. With provider collaboration, we create growth in both value and volume that directly benefits the physician and practice.
Executive Leadership. High level decision making and strategic planning. Access to national level talent to assist with the most important decisions at no additional charge.
Information Technology. Electronic health record expertise, template modification, training, installation, hardware, and software support. Currently, eight unique electronic health records are supported.
Revenue Management. Billing, coding oversight, collections, submission, reconciliation, facility credentialing, and third party payer credentialing. Matrix approach to revenue management that has experts in platforms, third party payers, and specialty billing.
Human Resources. Benefits, co-employment, personnel management, process management, recruitment, and retirement. Providers and employees have access to better benefits at very attractive rates.
Ancillary Services. All designated health services including laboratory, imaging, physical therapy, occupational therapy, neuro-monitoring, pharmacy, and infusion services. Physician investment opportunities exist depending on the specialty.

 

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