RCM

Revenue Cycle Management

Your Practice & Profitability:
Common Areas Where Practices Lose Money
Is your medical practice less profitable than it should be? Evaluate the reasons why and what you can do about them.

If your medical practice isn’t achieving the financial success you expect, it’s vital to assess and identify reasons for poor profitability. That’s the only way you’ll turn the situation around, and you need to do so before it’s too late.

This eBook offers helpful insights into common areas where practices lose money and the reasons why they occur. Learn how to evaluate your practice’s financial health and get suggestions for improvement going forward.

-Discover the “holes” where your practice’s money can drain away unnoticed.
-Use a comprehensive table to evaluate your practice’s performance in various areas.
-Answer a series of questions to identify whether your practice needs professional help to turn it around.
-Examine the recommendations a healthcare consultant might suggest as part of a strategic recovery plan.

Don’t wait until your practice has become unprofitable to take action. Download this eBook for an objective view of the problems you should look for and the steps you can take to resolve them.

Startup

Establishing a practice can be an exhausting process for a solo physician, but we offer a TURNKEY solution that removes burdens such as finding a location, credentialing and more. Above all, TurnKeyMD is known for setting up practices for long-term success. Our team of practice management experts focuses on these key areas to ensure your practice is launched successfully:

  • Location
  • Financial
  • Purchasing
  • Credentialing/Contracting
  • Licensing
  • Revenue Cycle Management
  • Policies and Procedures
  • Human Resources
  • Marketing/Advertising
  • Technology
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Consulting

When smaller practices can’t afford a full-time practice administrator, they rely on TurnKeyMD to improve workflow efficiencies, reduce costs and increase revenue! Whether a practice needs a one-time consultation or regularly recurring support, TurnKeyMD can identify challenges, set goals and implement strategies to improve workflows and increase practice profitability. Our consultation specialties include:

  • New Practice Start Up
  • Credentialing & Contracting
  • EHR Selection and Implementation
  • Information Technologies (IT)
  • Meaningful Use
  • Workflow Efficiencies
  • Risk Management
  • Financing & Acquisitions
  • Staffing
  • Patient Collections
  • Practice Analysis and Reporting
  • Marketing and Advertising

Malpractice Insurance

The American Medical Professions Association (AMPA) was created over 15 years ago as a physicians advocate group. AMPA has created a program with an A Rated Insurance carrier to deliver medical malpractice insurance to our members at competitive pricing. Our professionals have over 100 years of combined experience related to the medical and financial services industries. Our vast network of financial services providers makes us an ideal solution to assist doctors in every aspect of the business side of medicine.
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Credentialing

It would be an understatement to say medical practices across America are on “administrative overload.” From regulatory requirements to endless paperwork, it can often feel like doctors work with reams of paper more than they care for their own patients. Rather than struggling with endless piles of paper work, consider outsourcing to TurnKeyMD if:

  • You’re a new provider starting a practice for the first time
  • You’re in an existing practice and leaving to join another one or establish your own practice
  • You’re adding, dropping or changing a practice location
  • You’ve changed your tax ID number
  • You’ve changed your billing address
  • You’re in a group practice that’s inundated with managed care credentialing paperwork and need relief

Website Design

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  • Your patients are online. You should be too.

    We live in a very technological world. Your patients are online doing everything from ordering flowers to paying bills to ordering pizza. If an internet user searches for your area of specialty or even your name specifically, will they find you? They should. The absence of a website can leave the impression that you are not current with technology and “behind the times”.

  • Reduce the burden on your administrative staff and create convenience for your patients.

    Your website is accessible 24 hours a day, 7 days a week. Allow your patients to download registration forms, request appointments, pay their bill and more using your website. The convenience you create for your patients will also reduce the amount of time your administrative staff spends on the phone. It’s a win-win for everyone!

  • Showcase your providers and staff.

    Photos and bios detailing education and training help the patient get to know your providers and staff before coming in to meet you for the first time.

  • Target patients by communicating the services you offer.

    Attract your targeted patients by communicating the services you offer on your website. If you specialize in a specific condition or procedure, advertise it on the site.

  • A website is one of the most cost-effective ways to promote your practice.

    Unlike most forms of advertising, you aren’t pursuing the patient. The patient is pursuing you. Perhaps the patient typed in your specialty, a specfic condition or even your name in an internet search. Either way, they found your site. The cost of building and maintaining a website is far less costly than traditional forms of advertising and can be much more effective.

    Contact us today for a free, no-obligation quote on designing a website for your practice!

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