Services For Office Based Providers

End Your Medical Business Nightmares!

Physicians face endless challenges related to the business of medicine. You spend years developing your medical skills, assuming the business side of your practice is also improving. However, you may find yourself wondering if your practice is reaching its financial potential.

The answer lies in the pockets of uncollected revenues resulting from such issues as biller deficiencies, undervalued procedures, inaccurate coding and documentation and un-enforced managed care contracts.

By closely monitoring and improving critical business functions, MBS significantly enhances the financial viability of medical practices, ending those medical business nightmares.

We custom tailor our services according to the specific needs of your practice.

Reimbursement Management Solutions

MBS scrutinizes all aspects of the revenue stream to determine areas of potential lost revenue. Whether it involves fine-tuning or a complete overhaul of current collection methods, MBS is committed to increasing our clients’ profitability.

• Billing Oversight
• Link to Top-Performing Billing Companies
• Documentation & Coding Analysis
• Fee Schedule Analysis
• Accounts Receivable Analysis & Follow Up
• Audits & Analyses
• Practice Performance Reporting
• Office Policy & Procedure Analysis
• Credit & Payment Policy Analysis
  

Third Party Management Solutions

MBS leverages practice position in the marketplace by evaluating, negotiating and enforcing third party contracts. Our services help physicians take control of managed care participation plans and appropriately align their practice in the marketplace.

• Managed Care Contract Evaluation
• Contract Negotiation & Renegotiation
• Contract Enforcement
• Managed Care Reimbursement Audits
• Capitation & Risk Evaluation

Compliance Solutions

Severe legal implications govern the operations of a medical practice. Physicians must follow strict regulations in order to avoid Medicare charges of fraud and abuse. MBS facilitates effective compliance programs so physicians can rest assured they are not at risk of violations.

MBS offers:

• Periodic Sampling
• Updating Corporate Minutes
• Appointment of Compliance Officer
• HIPAA Compliance

Strategic Management Solutions

The nature of the changing healthcare environment increases the importance of strategic analysis and planning. As dependable advisors on all non-medical aspects of practice management, MBS provides invaluable expertise in assisting with strategic decision-making and managing exposure to risk.

MBS offers:

• New Business Development, Strategy & Execution
• Managed Care Affiliation Strategy Development
• Merger/Joint Venture/Acquisition Analysis
• Billing Service Agreement Negotiation
• Collection Agency Agreement Negotiations
• Hospital Contract Negotiation

Business & Financial Management Solutions

Administrative and financial management functions can take valuable time away from providers. Our financial management services carry out important business office functions, providing relief from administrative tasks for physicians and their staff.

• Management Accounting Information
• General Administration
• Benefits Administration
• Connection to Professional Advisors