General Management Consulting

Examining your business from the ground up allows us to identify any strengths and weaknesses in your business. Additionally, we can assist you in capitalizing on unrealized opportunities and even manage risk to minimize impacts on your business.

We not only examine your business, we examine your competition and your local market as a whole to develop a marketing strategy that exponentially grows your business.

We also can examine staffing requirements to ensure you are not losing business by being understaffed or losing revenue by being overstaffed. However, we realize employees are expensive to train and we offer incentives to bring your current employees up to optimal efficiency to create a smooth, comfortable environment..

Why Do I Need Medical Practice Management?

According to the Bureau of Labor Statistics Inflation Calculator, $100 in 2005 is the equivalent of $106.46 in 2007. We would suggest when it comes to running your medical practice this is an extremely conservative estimate. However, it is interesting to note what your partners, the insurance companies, have done to fee schedules since that time. For instance, the table below lists all the new patient office visits and their year-over-year percentage change as it relates to Medicare’s fee schedule:

As you can see, while it on a conservative estimate costs you $6.46 more today for the same $100 in 2005, on a total basis, you are only receiving $98.4 (-1.2 percent and -.4 percent). If your practice does a lot of 99203 visits, then that same $100 you would of received in 2005 is now $93.90 (-0.6 percent and -5.5 percent). This means that out of the same $100 in 2005, when expenses and fee schedules are added in, you are actually only receiving between $91.94 and $87.44 for what you would have received $100 for in 2005. This equates to an 8 to 13 percent loss in wages. Your Blue Cross partner is a little better in that their 99203 has not changed since 2005. Therefore, applying the conservative inflation of $6.46, you have only received a 6.5 percent reduction as it relates to inflation. With Blue Cross, your 2005 $100 is now $93.54.

In 2000, it seemed as though Blue Cross paid more than Medicare unilaterally. However, when comparing the Blue Cross PMD Fee Schedules for 2007 with Medicare’s 2007 Fee Schedules, an astonishing result emerges. The table below represents the amount Medicare pays over Blue Cross which is significant in all but the 99201 new patient office visit where Blue Cross pays 14.3 percent more.

When comparing what Medicare allows for the above procedures combined to the amount Blue Cross allows for the above procedures combined, Medicare pays 10 percent more than Blue Cross.

Get the detailed report here:

Medical Practice Optimization | The Problem, The Solution, and The Results

Our medical practice optimization process is completely customized to your practice. We realize employees are very expensive to train. A large part of our optimization is to get your employees to care as much about your money as you do. We try to get them to form a cohesive team by giving them a percentage of the money they save the practice by accurately collecting payments so your monthly statements are minimized or eliminated and your accounts receivable is greatly reduced. This is money you are already spending. For instance, if it takes you $90 to make $100 today, and a month from now you make that same $100 with $80, a portion of the $10 savings will be distributed among your employees, and you get to keep the other percentage. Not only that, but when your employees see that their efficiency directly correlates to their pay, they become a cohesive team focusing on reducing costs for your practice. This is just one aspect of our medical practice optimization. We focus on six major areas; procedural optimization, scheduling optimization, billing optimization, practice growth, practice management, and the patient experience.

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