Business Development

Credentialing

Getting credentialed is one of the most important, yet complex and time-consuming parts of starting your own practice, as well as maintaining and keeping each provider’s credentials updated quarterly at a minimum. Prior to joining a network of insurance providers, you are required to undergo a thorough background check. Once the credentialing process is complete, you will receive reimbursement for the treatment you provide to insured patients.

Medical Practice Management provides complete Credentialing services for physicians and medical practices. Our specialists will review your application and submit the necessary paperwork to the appropriate organizations for authentication. We maintain communication with third parties throughout the credentialing process and keep you informed with application progress reports.

We make credentialing easy and hassle-free:

  • Full credentialing – From completing your application forms to contacting third-party payors, we handle everything for you.
  • Coaching – We provide advisory services and support throughout the credentialing process.
  • Revalidation – Count on our advisors to handle everything quickly and accurately.

Accounting

Running a medical practice involves facing a lot of issues, and accounting and tax compliance is no exception. If you’re struggling to keep up with your accounting, Medical Practice Management’s experts can help. We’ll gladly take collections, accounts payable, and other time-consuming tasks off your hands so you can focus on healthcare.

Medical Practice Management’s accountants deal exclusively with medical professionals. We implement the industry’s best accounting practices to monitor the financial health of your organization. Our proactive tax planning strategies will keep your practice in compliance with the latest regulations while minimizing your tax burden.

We offer a complete array of accounting services for your practice:

  • Bookkeeping
  • Budgeting analysis
  • Cash flow monitoring
  • Financial statements preparation
  • Tax planning and preparation
  • IRS representation

Licensure

Why spend your valuable time filling out lengthy licensure application forms and verifying your credentials when you can have a professional do it for you? Medical Practice Management offers licensing services for healthcare practices that include completing your application forms and renewing or reinstating your medical license.

With Medical Practice Management’s expert assistance, the long process of licensure is simple and stress-free. We’ll provide detailed instructions for any step that must be completed by you, but in most cases, all that will ever be required of you is a signature — the rest will be handled by us.

Medical Practice Management makes medical licensure easy:

  • Full medical licensing – From application preparation and submission to correspondence tracking and monitoring, e’ve got you covered.
  • Application completion – We can help you fill out all the letters and forms required to obtain a medical license.
  • Research services – Our experts will research your professional history to collect information from each state’s Medical Board.

Human Resources

Medical Practice Management provides a full range of HR services for practices that value their personnel but don’t have the internal resources or expertise to easily manage them. We help you save money, speed up hiring processes, and improve retention rates so you can focus on providing quality patient care.

Our team of professionals has a wealth of experience in performing all the administrative duties pertaining to HR. Whether you require management services in the short term or on an ongoing basis, we have a solution to suit your needs.

Our Human Resources expertise includes:

  • Recruiting services
  • Background checks
  • Wage and benefits reviews
  • Employee handbooks
  • Performance appraisals
  • Staff training
  • Labor posters
  • Shift management

Financial Analysis

For many physicians, managing the financial side of their practice is challenging, and not the best use of their precious time. That’s where Medical Practice Management comes in. Our financial analysts utilize a range of forecasting tools to accurately predict revenue and operating expenses, allowing you to make better, faster decisions.

Our advanced analytical software provides a thorough financial review of your practice. You’ll be able to identify weaknesses and opportunities that exist in your cash flow and develop practical strategies to reduce costs and increase profits.

Our financial analysis services include:

  • Financial statements analysis
  • Budgeting and forecasting
  • Expense management reports
  • Proforma reports
  • Plans for financial improvement

Compliance

Whether you’re a solo practice or a large healthcare organization, having a risk and compliance management program in place is crucial for your daily operations. Failure to comply with HIPAA regulations can result in serious consequences, including the loss of your practice’s license, exclusion from healthcare insurance programs, huge fines, lawsuits, and a sullied reputation.

Medical Practice Management will ensure that your policies and procedures are properly implemented in a way that supports your compliance management and risk reduction efforts. Our specialists will perform a comprehensive audit of your current coding, billing and documentation procedures and, upon completion, will prepare a report detailing recommendations to help you stay HIPAA compliant.

Medical Practice Management’s compliance experts will help you:

  • Develop a comprehensive HIPAA compliance program
  • Mitigate the risk of data breaches
  • Identify patient data and files that need to be secured
  • Improve your cyber security policies and procedures