Top 10 Medical Practice Management Consulting/Services Companies - 2019
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Top 10 Medical Practice Management Consulting/Services Companies - 2019

Running a medical practice is a challenging ordeal as it requires advanced business knowledge to provide superior service to patients and ensure healthcare employees are delivering high performance. Remaining on top of technological innovations, payer policies, and patient expectations is vital in order to succeed. Medical practice management service companies exist to lessen the burden on physician practices that are facing challenges in keeping up with modern demands. These consultancies offer expertise across diverse areas such as financial management, third-party contracts, organization and governance, and benefits planning, and overall business operations.

These services are usually tailored according to the specific needs of physicians that are looking to improve the efficiency of their financial and administrative operations. After conducting thorough assessments of a practice, consulting service companies establish critical objectives and develops strategies aimed at rapidly improving a medical practice’s revenue cycle returns. Practice management consultants can also help streamline the administrative aspects of practice and enable significant reduction in labor cost and overhead expenses.

With a deep understanding of physician practice operations, Healthcare Tech Outlook has compiled a list of top 10 medical practice management consulting and service companies that are identifying missed revenue opportunities and helping their clients improve growth prospects.

We are glad to feature Edelstein & Company LLP, a Massachusetts-based CPA firm that helps healthcare organizations and physician practices manage financial operations and organizational demands of running their medical practice in today’s highly-regulated and constantly changing environment. The company has years of hands-on experience as practice administrators, billing specialists, and healthcare accountants and consultants. Another featured firm is MEREM Healthcare Solutions, providing exceptional medical billing and coding services to specialty physician practices and ambulatory surgical centers since 2008. The company prides itself with not just maintaining but exceeding the level of accountability, communication, and customer service that is valued in traditional, on-site billing.  

With several innovative technological capabilities, these companies are constantly proving their mettle in the field of medical practice management services. We hope this edition of Healthcare Tech Outlook helps you build the partnership you and your firm requires to become a top-performing medical practice without compromising your practice philosophy.

We present to you Healthcare Tech Outlook’s “Top 10 Medical Practice Management Consulting/Service Companies – 2019.”

Top Medical Practice Management Consulting/Services Companies

Edelstein & Company is a certified public accountant (CPA) firm founded in 1968. The firm’s healthcare niche provides them a clear view and understanding of the financial and operational challenges that exist in the healthcare space. Edelstein provides certified public accounting, tax, business consulting, practice management, and financial planning services to medical practices. The firm ensures that their services comply with the various rules and regulations pertaining to both tax and healthcare law perspective. Since its inception in 1968, Edelstein stays true to its roots by upholding its values of exceptional client service, teamwork and collaboration, professional excellence, personal satisfaction and growth, and collegiality

edelsteincpa.com

Health Performance Specialists, LLC, is a physician-led Management Services Organization that empowers a network of independent physicians to compete, succeed, and thrive. The company provides industry-leading services to aligned network physicians who positively benefit together, along with the patients. Their services include marketing and advertising, insurance and authorizations, practice operations, staffing and retention, practice intelligence, EMR, and Software. Their innovative practice management tools, along with patient engagement, experience, and satisfaction solutions, drive the network physicians to reach their business practice goals. The clients are benefitted through data-driven results, financial performance, group purchasing, while remaining independent

www.healthperformancespecialists.com

KarenZupko & Associates (KZA) is a consulting and education firm that has advised physicians and healthcare organizations to increase revenue, optimize efficiency, reduce risk, and improve the patient experience for more than 30 years. The company has helped physicians solve and manage their business problems through their knowledge in practice management, revenue cycle improvement, and coding and documentation review. Their education and training programs teach physicians and staff how to code correctly, manage effectively, and maintain a successful and profitable practice. KZA is known for their knowledge of surgical specialties, including orthopedics, otolaryngology, neurosurgery, plastic surgery, general surgery, and vascular surgery

www.karenzupko.com

MEREM Healthcare Solutions serves as a strategic partner with its billing services that promise physicians their full reimbursements. Ranging from patient call centers to statement processing, claims management, and reporting and analytics, Lemak’s staff ensures an end-to-end billing cycle that also brings about a quick denial and rejection turnaround daily. With the help of the company’s medical auditing services, where Lemak’s dutiful staff conduct “micro sampling audits,” clients can learn about, and improve, their existing coding, platform utilization, and patient data management efficiencies. Alongside these revenue cycle process management services, MEREM Healthcare Solutions also offers credentialing services

www.meremhealth.com

TRIARQ Health partners with physicians by providing the expertise, services, infrastructure, and technologies necessary for independent doctors to thrive in the value-based healthcare economy

triarqhealth.com

One of the leading optometry practice brokerage, appraisal, and consulting services providers. VPG sits at the cross-section of the business world and the healthcare industry. Whether ODs are buying, selling, starting, growing, or appraising an optometric practice, VPG’s team of industry experts guides them through the entire process and ensures their vision becomes a reality. This unique attribute helps VPG get down to a strong understanding of the idiosyncrasies of ophthalmology and optometry, and offer its clients prudent advice. VPG’s team of attorneys, MBAs, accountants, management experts, and doctors have over 70 years of combined experience in successfully brokering over 3,800 optometry practice transactions nationwide

visionarypracticegroup.com

Founded in 2012, Zymeda Provider Solutions formed in 2012, help physicians with healthcare administration, especially in the decision-making process and subsequent execution of strategic and operational initiatives. The company offers a comprehensive portfolio of practice management and strategic consulting services and is committed to positioning independent, employed, and hospital-based physician practices for long-term success. Zymeda is mainly focused on providing physician practices with the consulting services, process improvement, operational benefits, and revenue cycle capabilities enjoyed by large medical groups. From contracting and claim coding to capitation and collections, Zymeda provides high power revenue cycle services that any practice can afford

zymeda.com

Change Healthcare

Change Healthcare

Change Healthcare is a catalyst for the value-based healthcare system. This healthcare technology company offers software, analytics, network solutions, and technology-enabled services to help create a stronger, more collaborative healthcare system. The company allows providers to increase patient access while ensuring clinically appropriate care and managing claims and payments across the revenue cycle. They assist in addressing payment accuracy, consumer and member engagement, network management, and the transition to value-based payment. Furthermore, they provide digital tools to help patients access their personal information and make choices based on quality, cost, and convenience

DAS Health

DAS Health

Founded in 2003, DAS Health is a leading provider of Health IT and management solutions and a trusted consultant to many physician groups, hospitals and healthcare systems across North America. For more than a decade, DAS Health has been bridging the gap between regulatory compliance, business goals, and personal service, empowering clients to deliver more patient-centric care, protect their earnings, and increase profitability. The company, to help doctors get back to being doctors again, gives them greater control of their practice’s financial success and the delivery of superior care to their patients

Medical Office Setup

Medical Office Setup

Provides world-class practice management services to improve efficiency and profitability for a wide range of stakeholders