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iMBA
Practice Enhancement
Introduction Practice Enhancement:
Smart decisions and calculated risks brings prosperity in a constantly evolving environment
Integrated practice enhancement information is the most powerful tool in healthcare today. Medical practices are competitive businesses. Without professional guidance many practices, ASCs, and hospitals will not survive the draconian changes taking place in healthcare today. Yet, medical professionals are notoriously slow adopters of business information, shifting the balance of power to consumers and health plans. Profit erode and Return On Investment shrinks. We understand competitive pressure and can re-engineer your practice to stop income drain, guiding you through the healthcare industrial complex with the following on-site, or remote services:
Practice Enhancement Services
- New Practice Start-Up, Business Development and Strategic Plans
- Capital Acquisition (debt or equity) for Growth and Expansion
- Change Management, Leadership, Morale Building Coaching and Empowerment Workshops
- Human Resource Expense Reduction through Permanent Employee Outsourcing (PEO)
- Patient, Paper, Records and Flow Processes Analysis
Accounting and Tax Services
- Office Expense Reduction and Profit Augmentation Audits
- Personal Property, State and Federal Tax Returns and Reports
- Tax Audit Representation, Financial and Activity Based Cost Accounting
- Accounts Receivable Analysis, Factoring, Payor Mix and Financing (PEO)
- APs, ARs, Cash Management, with Enterprise Budgeting Consolidation
- Office Efficiency Benchmarking, Trend Analysis and Profit Reviews
- Practice Valuations and Appraisals for Sales, Mergers and Acquisitions
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‘Changing reimbursement paradigms still offer
prosperity to physicians savvy enough to accept calculated risks.’
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Reimbursement and Coding Services
- CPT, ICD-9 and Super-bill Coding and Fee Schedule Reviews
- MCO Contracting, Billing, Fraud, Abuse, and Office Compliance Programs
- APC Impact and Economic Analyses of Ambulatory Surgery Centers
- Staff and Statistical Performance Evaluations
Marketing and Public Relations Services
- Marketing and Demographics Surveys
- Advertising Plans and Promotional Strategies
- Research, Patient Surveys, Press Releases and Special Events
Risk Management Analysis and Protection Services
- Wrongful Act, Sexual Discrimination or Discrimination Lawsuit Protection
- Divorce, Group Fragmentation, Bankruptcy or Economic Downturn Assistance
- Risk Management, OSHA, HEDIS, NCQA, Workplace Violence and Malpractice Liability Issues
- Malpractice and Healthcare Economic Litigation Support
Business and Legal Services
- Disenrollment Appeals, Recoupment Actions and Civil Trial Proceedings
- Practice Sales, Contracts and Negotiations
- Educational, Business and ERISA [404-(c)] Fiduciary Seminars
New and assertive practitioners are encouraged to affiliate with us for the long term; seasoned practitioners for immediate concerns, and mature practitioners for exit strategies.
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Medical Business Advisors, Inc. Atlanta, Georgia
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