With the rising overhead

With the rising overhead, stagnating revenues and a tightening of coding and billing regulations, the medical practice climate has changed dramatically over the past several years. In order to keep up with hits ever-evolving, increasingly volatile marketplace and operate at high efficiency levels, physician owners and managers must identify the strengths and weaknesses of their medical practice.

An Operational Assessment often occurs for the following reasons:

	Operational problems have surfaced;
	Acquisition and/or merger possibilities;
	Creditor review;
	Compliance issues;
	Possible embezzlement;
	Change in management; and/or
	Verification of how well the medical practice is really doing and what, if anything, can be done to improve it.

Healthcare Consulting Services, LLC's Operational Assessment reviews a medical practice from top to bottom, covering such areas as:

	Financial Statements
	Accounts Receivables
	Explanation of Benefits (EOBs)
	Billing and Collection Processes
	Fee Schedules
	Charge Tickets
	Overhead and Staffing
	Documentation and Coding
	Physician Compensation
	Internal Controls

If your organization is interested in our Operational Assessment, you can reach us by telephone, fax or email. Tell us about your practice operations concerns and we will give you an idea of how we can help. Please direct inquiries to Kameron H. McQuay by telephone: (317) 633-4708, extension 311; fax: (317) 633-4889; or email at kmcquay@hcs-healthcare.com.

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