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Practice Management and Information Technology Services For Physician
Group Practices
Most independent physicians would agree that paying
attention to the business of medicine is as crucial for a successful
medical practice today as keeping up with medical advances. Increasing
competition, tighter regulation, stagnant reimbursement and rapid
technological advances necessitate strong practice management and
effective information systems for a group practice to thrive. Time and
money strapped practitioners are continually challenged to find new
sources of revenue, improve efficiency and enhance patient satisfaction,
while maintaining quality of patient care and quality of life for the
physician. The depth and breadth of Glenridge expertise provides “one
stop shopping” for physician practices, including business planning,
administrative, operational and IT services. In addition to the
consulting services identified below, Glenridge can provide interim
executive and accounts receivable management services.
Glenridge Services
- Strategic Planning: Planning initiatives
include practice expansion strategies, marketing plans, payer
strategies, physician alliance development, clinical program
development and information technology plans.
- Business Strategies: Return on Investment (ROI)
analyses and Business Plan development; developing specialty
programs and physician alliances; practice expansion including
addition of sites, services and physicians to group practices;
implementation of hospital - physician joint ventures.
- Financial Management: Revenue Cycle Review,
including assessment of receivables management operations,
staffing, reimbursement and coding; as well as payer contract
reviews and contracting strategies with key payers.
- Operations Review: Evaluation of practice
expenses with a focus on staffing and supplies; mix and
productivity of staff; compensation and retention issues;
procurement and purchasing processes; budgeting.
- Compliance Services: Compliance plan
documentation, policies and procedures development, compliance
training and auditing / monitoring services
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