Concerned About Your Practice

Concerned About Your Practice?

With the complexity of today's medical environment, you can't afford to be uninformed of these rapid changes. At Florida Medical Management Consultants, Inc. we offer a variety of services to assist you in making the most of your practice. Topics include:

How to Set Physician's Fees
Starting A New Practice
How to Market a Doctor's Practice
Overhead More Then 40%
Revenue Profit Analysis
Medical Practice Assessments
Compliance Issues
Evaluation & Management Documentation Review
How to Evaluate Managed Care Contacts
Financial Aspects of Physician Contractual Arrangements
How to Manage Physician Accounts Receivable
How to distribute physician compensation

We Can Help! We Are Just What The Doctor Ordered.

What is a Practice Operational Assessment?

The FMMC Practice Operational Assessment is designed to respond directly to a practice's specific needs and objectives. Frequently, a practice management survey begins with a detailed analysis of data provided by the practice, followed by a consultant's on-site observation of the practice in action. What is done is based on the practice's goals.

The operation's efficiency is often based on the office and management systems, which are the backbone of a practice's operations. As third-party payors, regulators, and internal business goals place heavier demands on a practice's staff, effective systems are essential. FMMC consultants will perform a detailed analysis of practice needs and make specific recommendations, then be available to guide implementation of computer, scheduling, telephone, financial, record-keeping systems and other areas addressed in the assessment report..

The assessment will include a determination of new practice opportunities - both internally generated and those available in your community.

Why do a Practice Operational Assessment?

The general reasons for assessing the medical practice are: Concern over profitability The need for growth without redundance To prepare the practice for future sale To fine tune the performance of the practice to prepare for new physicians

The assessment covers both the patient care processing and the financial operations. Consequently, a consultant with the knowledge and skill-set encompassing medical and finance, are necessary for optimum results. This is the reputation FMMC has developed since 1978. Specific recommendations, useful information, and specific techniques that can be implemented.

*What is included* in a Practice Operational Assessment?**

An assessment can be comprehensive (covering all areas listed below), or focused on selected areas. Evaluate practice productivity and profitability Financial review Evaluate billing and collection policies Review fee structure Compliance review Analyze accounts receivable levels Evaluate marketing and expansion plans Assist in HMO/PPO contract negotiations Personnel management review Staffing Assist in physician contract negotiations Evaluate logistical and operational aspects for improved profitability Patient Satisfaction Survey