California – August 2016 – The demands of running a medical practice are many. Apart from high quality medical attention and care, physicians are expected to keep up with healthcare regulatory changes, advanced business knowledge and other challenges of running a practice. To help doctors focus on medicine part of the practice, professional physician practice management companies, such as Medical Practice Management Resources (MPMR), offer a wide range of services. These companies not only help doctors to battle daily challenges but also help to improve bottom lines important to keep the practice up and running.
Here is a glimpse of what physician practice management companies can do for your practice.
MEDICAL CODING AND BILLING SERVICES
Physician practice management companies help to simplify medical billing and improve bottom lines with faster and more accurate claims. Customized services and dedicated, trained coders and billing specialists reduce denials and increases collections. You can entrust your medical billing service to us and focus on your practice and patients.
REVENUE ENHANCEMENT SERVICES
Revenue enhancement services from experienced physician practice management companies include –
• Strategic pricing considering fee analysis, market conditions and more
• Group Fee Schedule Development
• Coding analysis to improve the charging process and increase accuracy of coding
ACCOUNTS RECEIVABLES MANAGEMENT
The financial health of your medical practice depends on effective accounts receivable management. Reputed physician practice management companies like MPMR are leading providers of accounts receivable management solutions. Committed to excellence, they provide you solutions to increase effectiveness and returns.
CONTRACTS AND CREDENTIALING
Professional practice management companies offer to review, evaluate and renegotiate contacts to bring you additional revenue. At the same time, they help you with labor intensive tasks, such as credentialing and assistance with applications.
OPERATIONS MANAGEMENT
Did you ever wish there was someone who could help you see the bigger picture on your practice? Operational and financial insight is vital to running a successful medical practice.
Professional practice management firms measure actual day-to-day operations and identify trends to shape process improvement, efficient administration, and program compliance. They compile the data into monthly reports so that you can make sense of it all at a glance.
In addition, MPMR can help you with –
• Profit Market Analysis
• Medical Office Personnel Training
• Computer setup and training
• Customer Service training
• Coding assistance and billing support
• Patient flow management
• Business plan development
• Policy and procedures
To manage a thriving physician practice, the above services are very important. To do them on your own would mean hiring, training (continually) and paying a large staff; taking your focus away from medicine and patient care. Experienced practice management companies allow you to practice without the hassles of running the practice.
To understand how your practice can benefit from the services of an experienced physician practice management company, call MPMR at 951-757-2056 or check out www.medpmr.com.