Healthcare organizations work hard to ensure that their processes are both effective and efficient. Often, however, there never seems to be enough time to go back and review these processes to see where improvements might be made. ProSperus can help by taking the burden of analysis away and then help to improve clinical work flow and business performance by making recommendations that can save both time and money.
Effective practice management is all about the collection of information and placing it into formats that allows for the review of trends and indications of downward areas. The trick is to become aware of a downward trend early and make the appropriate adjustments. Unlike other consultants, we begin with your clinical services. We quantify those services, and, given your practice’s marketplace, determine the income those clinical services should produce. We add an assessment of your overhead expenses, and provide a report on your performance against calculated targets.
Using the comprehensive data on the practice available from the ProSperus database, we will analyze the effectiveness and efficiency of the practice to pinpoint areas for potential improvement. The analysis includes a review of the coding patterns of the practice and looks at improving revenue through appropriate coding enhancement. Procedures are reviewed around the timeliness and accuracy of the billing process to determine if changes in office processes will improve this area. We will also examine where revenues come from within the practice to understand the importance of various payors to the practice and the effect of a lost contract or reduction in payment rates on the practice.
Finally, the practice will be benchmarked against similar groups across the country. Statistical comparisons include some of the following:
The result is a comprehensive set of recommendations to improve the overall efficiency and effectiveness of the practice based on best practices set by similar practices across the country.