 There are proven steps that must be taken to ensure that a new business endeavor will be successful. Our consultants provide guidance through this process for physicians planning to start a new practice or merge with another practice. PMSCO's time-tested models ensure that no steps in the process are missed.
Practice transition services include:
Financial Forecast
A financial forecast includes projected revenue and expenses, cash flow projections, and capital equipment purchase and maintenance costs for the first two years of operations.
Workplan Development
The customized practice startup work plan identifies the steps required to get a new practice up and running successfully and on schedule. Key tasks and timeframes for completion are identified, and PMSCO provides guidance and support via weekly meetings and/or telephone conference calls.
Payor Strategy
Assistance with setting fee schedules and contracting with payors.
Policies, Procedures, and Compliance
Policy and procedure manuals are developed in the areas of human resources management, financial/billing procedures, and compliance with governmental regulations such as HIPAA and Fraud and Abuse.
Human Resources
We provide assistance with hiring the right people, creating job descriptions, and setting salary and benefits structures.
Practice Management and Electronic Health Records Systems
Expert guidance is provided to help evaluate costs, features, and workflows prior to selection and purchase of this critical component of a modern physician practice. Recommendations are provided as to which system would be the best fit for your practice.
Send an email to our Practice Management Team at experts@consultPMSCO.com, or call 888-294-4336 for more information.
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