Healthcare & Medical Practice Services
Snyder Cohn can assist your healthcare organization or medical practice in a wide range of areas, including:
- Financial Statement Analysis
- Physician compensation formulas
- Overhead analysis – reviewing current costs to identify ways to increase profits
- Comparison of your practice costs to other national and local norms
- Preparation of a practice budget for planning purposes
- Preparation of a profit center analysis to allow you to analyze whether you should open or close a satellite office or in-house lab
- Practice Purchases/Sales/Mergers
- Buy in/buy out formulas
- Employment contract development and review
- Practice mergers to form a larger group
- Calculations of value
- Sales/purchases of practices
- Business analysis/due diligence
- Office Reviews
- Employee analysis ratio
- Front desk efficiency analysis
- Internal control analysis
- Monthly or quarterly review of Accounts Receivable reports
- Standardized billing reports for physicians
- Comprehensive billing department/billing company review and analysis
- Oversight of billing staff on a weekly or monthly basis
- Billing/coding/regulatory compliance
- Analysis and/or development of appeal process
- Denial management Process
- Collection procedure policy review or development
- EOB review for contract specifications
- CPT coding review
- Chart/documentation audits
- Fee schedule and super bill review
- Payor mix calculation
- Managed Care Contract Review and Negotiation
- Physician and Management Team Retreats
- Planning, facilitating and speaking
- Strategic planning
- Business development
- Conflict and dispute resolution
- Leadership and governance issues
- Executive/Administrator Recruitment
In addition to these services, Snyder Cohn’s healthcare and medical practice experts are available to speak on various topics to practice physicians and staff, hospital medical group staff, medical society groups or office administrator groups.