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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]