Practice Consulting

Revenue cycle management, physician credentialing, and practice management are all complicated, time-consuming tasks. Many physicians do not have time to deal with these issues. At MPMR Medical Management, we understand how difficult it is to manage every aspect of running a practice. Therefore, we offer full-service credentialing and a wide-range of practice consulting services.

 

Our goal at MPMR Medical Management is to prevent any delays or errors in your revenue cycle. We work to prepare, submit, and track credentialing applications, follow the flow of operations management, assure all payments are made, and help you achieve a stable reimbursement cycle.

 

Practice Valuations

 

MPMR Medical Management has performed more than 300 fair market valuations of medical practices. Our experience includes:

 

  • Merger appraisals
  • Physician recruitment appraisals
  • Acquisition appraisals
  • Divesture appraisals
  • Retirement appraisals
  • Medical practice buying and selling
  • Marital dissolution and divorce
  • Estate resolution appraisals

 

Practice Tune-Ups

 

MPMR Medical Management helps you make the most of your resources from systems to staff, to software, we provide:

 

  • Operational assessments including staffing, workflow analysis, and expense management.
  • In-depth internal review of all financial aspects of the practice to capture lost revenue opportunities.
  • Billing assessment to determine effectiveness of cash and collection activities.
  • Review of insurance contracts and physician credentialing with necessary insurance providers.
  • Assistance with executive search, interviewing, and hiring.

 

Auditing and Consulting

 

Managing the finances can become overwhelming for a fast-paced, growing medical practice. Our experience in working with many private practices allows MPMR Medical management to perform full financial audits that locate areas where your business is wasting money, missing out on revenue, or not collecting what is owed to you. We develop a comprehensive strategy focused on maximizing revenue and minimizing unnecessary expenses.

 

Another option for consulting is regulatory compliance services. There are many regulations and laws that govern a medical practice. At MPMR Medical Management, we are knowledgeable about the various rules and guidelines that can affect your medical practice. We work with you to avoid fines, penalties, and other consequences. As a professional partner, we can answer all your regulatory questions and offer assistance to ensure that you are meeting state, federal, and local guidelines.

 

MPMR Medical Management offers consulting services along with temporary staffing and billing services to physician practices. As a single source for your consulting needs, we bring much experience and expertise to the physicians we service. Our experts help get your practice moving forward in the direction you need to go to improve workflow, manage your revenue cycle, and ensure proper and legal operation.

 

Questions and Answers

 

What type of services does MPMR Medical Management provide? Our consulting services involve a detailed practice assessment. After this, we offer a plan of action. This involves analyzing billing, scheduling, workflow, human resources, and financial management. We offer a plan of action to get our revenue cycle management working for you.

 

How much of my time is required? We meet with all owners, providers, and staff during our site visits. To save time, we gather information beforehand, so to prevent any disruption in day-to-day operations. The more we hear from your team and you, the more we can get your practice making money for you.

 

What is the cost of these services? We tailor our consulting services to meet your needs. The cost ranges from $4,000 to $10,000, depending on what you require. We have reduced rate options for solo-provider practices.

Our Expertise