Maureen West McCarthy, CPA

Partner

Practice Areas/Expertise

• Healthcare Consulting
  • Revenue enhancement
  • Financial management and analysis
  • Accounts receivable analysis
  • Practice and billing department reviews
  • Internal controls—reviews and policy development
  • Profit center analysis
  • Cash flow projections
  • Managed Care contract analysis, review and negotiations
  • Budget development and maintenance
  • Consultation in recruiting, hiring and training personnel
  • Buying, selling, merging practices
  • Startups
    • Practice setups
    • Employment contract review and negotiations

Clients

• Private practice physicians and group practices
• Hospitals and hospital employed physician groups
• Medical billing companies
• Ambulatory surgical centers
• Other healthcare related entities

Publications/Speeches

• Year End Planning Strategies – A Top 10 Checklist – Montgomery County Medical Society (MCMS), Practice Management Update
• Winners or Losers – Ways to Better Evaluate Your Practice’s Line of Business/Providers – MCMS Medical Practice Retreat
• How to Run Your Medical Practice Like a Business – Bank of America, SC Brown Bag Lunch Series, Maryland Society of Otolaryngology
• It’s All about the Revenue! – Eastern Shore Medical Group Managers Association, Shady Grove Adventist Hospital & Washington Adventist Hospital
• Business Essentials for New Physicians – Maryland Society of Otolaryngology, The George Washington University School of Medicine and Health Sciences
• Negotiating and Analyzing Managed Care Contracts for Professional Services – Virginia/DC HFMA Educational Conference, MCMS
• Calculating the Cost of Your Medical Services – MCMS Practice Management Retreat
• Front Office Efficiencies for Improved Collections – ESMGMA
• How to Run Your Medical Practice like a Business 101 & 102 – MCMS Educational Program
• Deal or No Deal! – Presentation sponsored by SC, Beale Personnel, realmed, M&T Bank, MCMS
• Top 10 Efficiency Tips to Run Your Practice More Profitably – Harvest Bank of Maryland
• Business Essentials for Physicians – American University’s Kogod School of Business Executive Development Program: Business Educations for Practicing Physicians
• Why An Annual Budget is Essential for Your Practice – MCMS
• Alternate Scheduling Techniques – MCMS Practice Administrators’ Retreat
• How To Prepare A Budget For Your Practice – MSDC
• Selling or Closing a Practice – MSDC Practice Administrators Meeting
• What Every Desk Person Needs To Know About Managed Care – MSDC
• How to Spot and Prevent Embezzlement – MCMS
• Is Your Accounts Receivable as Sick As Your Patients? – National Medicare Conference, Hosted by Medicare Part B News
• Selling or Closing a Medical Practice – MSDC
• 25 Ways to Reduce Your Overhead – MCMS
• Physician Compensation – MSDC, MCMS Administrators Breakfast
• How to Read Financial Statements – MCMS
• 7 Ways to Increase Profitability and How to Prepare a Budget – MSDC

Academic Appointments

• American University, Kogod School of Business; “Business Essentials for Physicians”–Spring 2008; Developed and served as faculty for semester-long certificate program to multi-specialty physicians on various aspects of “the business” of medicine.”
• George Washington University–Spring 2009 and Spring 2010; Developed and taught course to residents and fellows on “the business of medicine,” including practice start-up issues and evaluating practice opportunities as they begin their careers.
• Georgetown University, School of Continuing Education (Fall 1992 to June 1998); Healthcare Management Certificate Program – Developed and taught course to healthcare managers in financial accounting, managed care contracting and financial analysis. Students included physicians, high-level managers from insurance companies, hospitals, and practices. Nine-month program resulting in a Georgetown University certificate equivalent to mini-MBA program for healthcare administrators.

Special Interests/Projects

Maureen speaks extensively to groups on all types of practice management and healthcare financial management issues, and holds seminars teaching physicians and their staff practice management issues. She plans and hosts monthly office manager meetings on a variety of topics for healthcare administrators. She is editor and writer for a quarterly medical newsletter which is distributed nationally.