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.”