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Strategic
Planning and Marketing
The practice of medicine requires that small and multi-physician
group practices constantly add value to the services they provide
for their patients. Accomplishing such a broad task requires careful
planning and execution. Medical Practice Initiatives, LLC provides
your practice with expertise in this crucial area of practice management.
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Business Plan Development - Medical Practice Initiatives, LLC
provides your practice with a detailed business plan outlining
services, projected revenue and breakeven forecasts. Whether you
are a physician who is interested in going into practice for the
first time or you are an established multi-specialty practice,
you will need to have a liaison who can develop a business plan
and communicate effectively with a commercial lender to assist
your practice in obtaining the capital for your practice.
- Marketing
- The second and equally crucial aspect of your practice's future
success involves the marketing of the services, which you seek
to provide to your patients. Medical Practice Initiatives, LLC
provides planning and marketing-support services for your practice.
- Critical
Thinking - Solo practitioners, group practices and multi-specialty
group practices all face issues that have a dramatic effect on
the operation of their medical practice. Medical Practice Initiatives,
LLC brings its expertise and problem-solving experience to the
core of what ails your practice.
Human
Resource Management
The daily operations of any business are complex and at
times overwhelming. One of the keys to operating a successful business
is hiring and procuring the right staffing. This can be very time
consuming and difficult to accomplish.
Medical Practice Initiatives, LLC is pleased to offer your practice
the following services:
- Development
of a Table of Organization.
- Development
of job descriptions.
- Recruitment
and Training.
- Establishment
of employee review programs.
- Payroll
analysis.
- Development
of Policy and Procedure manual.
- Commercial
insurance research and analysis.
- Employee
benefits research and analysis.
Facility
Management
Medical
Practice Initiatives, LLC provides your practice with the research
and support services to expand your practice's services to include
additional locations and services. The opening of any healthcare
facility requires strategic planning and progressive marketing skills,
which are crucial to the operation of any successful practice.
Medical
Practice Initiatives, LLC will establish the appropriate location
that provides greatest access to residents from specific geographic
areas. We will also assist your practice in determining the most
lucrative practice locations that fit your budget. We will also
work with you to negotiate fair terms and rates for space as well
as work to ensure that construction and build-out are completed
to the terms defined at the time of contract. In addition, Medical
Practice Initiatives, LLC offers the following services:
- Overhead
reduction strategies.
- Research
and cost analysis support services for expansion.
- Assist
in new office development, design strategies.
- Research
and support services for practices looking to expand software
needs for scheduling, dictation and billing. Provide recommendations
for implementation of software appropriate to your business needs.
Managed
Care Services
Financial
Success of any physician practice stems from management and maintenance
of managed care contracts. Insurance plan participation is a constantly
evolving process, which requires frequent analysis and review in
order to optimize payment
Medical Practice Initiatives, LLC provides your practice with the
research and analysis to make informed decisions regarding plan
participation, credentialing, recredentialing, negotiation and review
of plan fee schedules.
Whether you are starting a new practice or taking on additional
partners, managing your provider status is crucial to your patients
and to your bottom line. Effective management and review will ultimately
benefit you and your patients. Some of our services also include:
- Provide
research and analysis support services and recommendations for
practices considering termination of provider status.
- Payor
Mix Analysis
- Procedure
Analysis
- EOB
audit services
Operations
Management
Medical
Practice Initiatives, LLC will review and make recommendations on
your practice's operational systems in an effort to reduce costs
and increase productivity. We are pleased to provide your practice
with the following services:
- Front
Desk Management Analysis and Training
- Back
Office Collection and Training
- Scheduling
Efficiency and Management
- Information
Technology Management
- Clinical
Protocol Development
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