MEMA’s “PHYSICIAN PRACTICE FOCUSED” CONSULTING SERVICES
…..are designed to address the financial and operational requirements for a successful medical practice. We have broadly categorized these services, below, to highlight our ability to impact those metrics which must be addressed and regularly monitored for successful service delivery and financial performance by any medical practice. Our methodology and systematic approach can be extended to any other business management, value-based care transition or business development aspect of the medical practice which may not be specifically addressed below, as well.
Physician Practice Business Management Consulting Services
Revenue Cycle Analysis & Billing / Collections Improvement
Payor Mix & Profitability Analysis
Patient Referral Analysis
Administrative / Clinical Workflow Analysis & Improvement
Staffing, Labor Cost & Employee Productivity Review & Improvement
Evaluation / Improvement of EHR Clinical Documentation & Reporting
Financial Reporting Evaluation, Revenue Improvement and Operating Cost Reduction Strategies
Review of Operating / Financial Performance Measures, Trends & Reports — and Opportunities for Improvement
Productivity Measures and Performance Tracking for Revenue-Producing Providers
Accountable Care and Value-Based Healthcare Transition Support Services
Financial Analysis of Performance under Medicare Quality Payment Program (MIPS, APMs)
Review of Electronic Health Record (EHR) clinical data entry, efficiency and consistency across all Providers to fulfill Value Based care compliance and compensation requirements
Data Extraction / Analysis from Patient Accounting & Clinical Database Programs to track and improve measurement and data-submission of quality performance measures
Creation & Standardization of Database Reports to guide timely & evidence-based care and decision-making
Review / Improvement of data-formatting, -entry, -compilation, -reporting processes from existing database programs to improve the accuracy & speed of data-driven decision-making
Provider and clinical staff coaching / training to improve clinical information documentation and reporting
Provider Compensation Analysis of Risk-Based and/or Pay for Performance Contracts
Evaluation and Financial Risk / Benefit Analysis of Population Management Contracting Opportunities
Ancillary Healthcare & Patient Wellness Service Business Development
SWOT (Strengths, Weaknesses, Opportunities, Threats) Analysis of Physician Ideated New Service or Ancillary Business Opportunities
Business Plan / Financial Pro Forma Creation and New Business Development Project Management for any proposed or existing Physician-Owned Ancillary service.
Organization of Physician Partnership / LLP for a proposed jointly-owned Ancillary Business Opportunity including facilitation of initial capitalization by proposed shareholders and engagement / direction of legal services for development of ownership documents
Identification & Evaluation of Mobile Device & Remote Data-Collection / Reporting Applications for Implementation & Measurement of Patient-Compliant Health Maintenance and Wellness habits