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PHYSICIAN PRACTICE MANAGEMENT ESSENTIALS KEYS …

PHYSICIAN PRACTICE MANAGEMENT ESSENTIALS : keys FOR SUCCESS Rosemarie Nelson MGMA Healthcare Consulting Group March 5, 2013 1 PRACTICE MANAGEMENT : WHAT DOES IT MEAN? Running a PRACTICE is complicated: Even the smallest groups are complex, multimillion-dollar businesses in need of sophisticated MANAGEMENT Costs of dealing w/ insurance companies: $63K-$71K per PHYSICIAN /year Top challenges of modern practices : Maintaining PHYSICIAN compensation in a time of lower reimbursement Cost growth is outstripping revenue growth, creating a fundamental, long-term business problem Selecting, implementing and optimizing an EHR 2 2 3 PRACTICE MANAGEMENT IS COMPLICATED! Get down in the weeds to improve Patient cycle visit time Collection at time of service Reducing costs of operations with technology Are the right people answering the phones?

How to keep the physicians satisfied with nursing support 3 . A ... BEST PRACTICES TO STOP LOSING MONEY: WHAT IT MEANS TO YOU. Better performing practices use benchmarking to answer ... Do you have phone conversations with patients who have just …

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  Patients, Practices, Management, Keys, Essential, Money, Physician, Satisfied, Physician practice management essentials keys

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