Download Trying to decide if you need assistance with your practice? Have you

Trying to decide if you need assistance with your practice? Have
you ever asked yourself the following questions?
Is my billing office collecting on service rendered?
A billing review is an in-depth analysis of a medical practice’s billing, coding, and
follow- up, collection and accounts receivable procedures. Most all reviews result in not
only enhanced reimbursements to the practice, but new efficiencies from procedure
modification. Work flow of the billing staff and an assessment of the positions, job tasks,
and functions of the billing staff is a major component of the billing review.
Is my practice running effectively?
A practice assessment can be provided that provide a current snapshot of the practice’s
performance compared with national benchmarks specific to the specialty. In areas
where deficiencies exist, specific recommendations are made for improvements. Among
other areas, a practice assessment includes a review of the practice’s productivity, billing
performance, overhead expenses, staffing/compensation levels, policy and procedures,
patient flow, facilities and practice management and EHR systems.
For physician practices, the goal of the assessment is to look for opportunities to improve
the operational and financial performance of the practice. For hospitals looking to
acquire/employ an existing physician practice, the goal of the assessment is to provide an
accurate picture of the practice’s current productivity, operational performance and to
provide specific considerations to hospital administration as to acquisition and/or
employment of the physician(s).
Whether engaged by a private physician practice or by a hospital, the scope of the
assessment can vary based upon the specific needs of the client.
Is your practice charging enough and are my payers paying fairly for the services
rendered?
A fee schedule analysis can assist you in determining how your fees compare to market
rates and if you are being paid according to your managed care contracts. A review of
your current managed care contracts can be performed to determine if continued
participation and/or negotiation is warranted.
Are you starting a new practice or looking to leave a group?
Starting is new practice is just too difficult to undertake alone. Synergy 360 can help you
in all areas of implementation from just assisting in a few specific areas to a complete
turnkey setup. Our focus is based upon the philosophy that this is your practice and that
all decisions should be made by you.
Is someone on my staff embezzling from me? Are the appropriate controls in place in
my office to prevent embezzlement? What procedures do I need to have in place to
insure that my staff are adequately collecting on the services that I am rendering and
to minimize the possibility of embezzlement?
Some statistics show that one out of every four physician practice has been a victim of
embezzlement. We can be engaged to specific determine if a suspected embezzlement
exist or to determine the amount of an already discovered embezzlement.
From a proactive approach, we current review your practice’s current procedures and
make recommendation as to areas of improvement to adequate safeguard your assets.
Often physicians and practice management are too busy to truly monitor the all activities
of their staff. We can help implement simple and time saving reporting measures that can
assist management in the daily monitoring of employee activities.
Are you planning to hiring another physician, nurse practitioner or physician? Are
you offering another physician the opportunity for ownership in your practice?
There is no perfect compensation plan for every arrangement. Alternatives include
compensation plans based upon gross billings, collections, net profits, work RVUs, call
coverage or a combination of these methods. Based upon the specific needs of your
practice, we can assist in the development of a compensation plan tailored to your
practice and the areas. Do not just offer a flat salary to your employed providers. You
want incentives in place to align fairly compensation your employed providers for their
productivity levels and to appropriate adjust compensation up or down given changes in
productivity.
Are you considering the purchase a new practice management system or electronic
medical record?
Choosing the right practice management or electronic medical record (EMR) is one of the
most critical decisions facing any practice. Synergy 360 does not offer any practice
management and/or electronic medical record systems. This is why we are the right
resource for your practice. Although many vendors will tell you otherwise, there is not
one dominion solution that is perfect for all practices. We can assist you in making the
determine which system is appropriate for your needs and can review your financing
alternatives to determine which method of financing is the most affordable solution for
your practice.
How can get affordable, personalize practice management assistance when I need it?
At Synergy 360 no practice is too small. Services are customized to the needs of your practice.
It may be that you occasionally need some practice management advice. We do not require
contracts or retainers. Services can be provided on an hourly rate as needed. If on the other
hand your practice will need ongoing monthly services, fixed monthly fees can be established
based upon the services requested. Further discounts are provided with using our tax services.
See the detail of tax services provided for further details of those services.
Why choose Synergy 360 for my needs?
Our focus is on building long-lasting relationships. These relationships are based upon providing
affordable, reliable and personalize services to clients. We will not be able to solve every
problem that your practice may encounter. However our goal is to make your problem, OUR
PROBLEM and work diligently to find a solution. We are just like the “family practice physician”.
There will be times that we need to refer you to a specialist how can further address your needs,
but we will stay involved to make sure that your practice continues to receive the attention that
you deserve and that our referral is to a high quality affordable specialists.
Still not sure what your needs are? No problem! Call Synergy
360 anyway. We will come to your practice and perform a free
review of your needs and outline how our services can improve
the financial performance and operations of your practice.
Call 1-888-520-4888 or email [email protected]