5 Ways Physicians Can Benefit from Healthcare Consulting

   2020-11-03       24        Health
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Today, we’re explaining some of the ways physicians can benefit from healthcare consulting whether running a small practice or working for a larger organization.

Most people assume healthcare consulting benefits the organization – not necessarily the physicians within that organization. However, that’s not true. Physicians can and do benefit from healthcare consulting.
Physicians experience actionable improvements from healthcare consulting. These improvements can benefit the organization’s bottom line, improve patient care, and make it easier for physicians to do their job.
Today, we’re explaining some of the ways physicians can benefit from healthcare consulting whether running a small practice or working for a larger organization.

Charge Capture Reviews Identify Missed Revenue Opportunities

Healthcare consultants conduct charge capture reviews. You may not know how much you’re losing in possible reimbursement until you order a charge capture review.
Without accurate charge capture processes in place, potential reimbursement slips through the cracks. It can increase claim denial rates and waste money at multiple levels of an organization.
Many organizations struggle to identify charge capture errors – especially if they’re unfamiliar with the complex nature of charge cycles. As any healthcare consultant will tell you, charge capture is among the most destructive problems in healthcare reimbursement.
As a doctor at a hospital, charge capture review has less of a direct impact on you. As a physician at a private practice, however, charge capture reviews can add significant revenue to your business – you’re already performing this work, and you need to get paid for it. The success of your private practice depends on it.
A good healthcare consultant will conduct:
• Charge capture reviews
• Physician/provider claims reviews
• Review of office and inpatient E/M visits coded and billed
By targeting these areas of the organization, healthcare consultants can identify missed revenue opportunities – enhancing profitability for doctors, their practices, and their organizations.

Create a Better Environment for Support Staff

Support staff keep an organization running smoothly. When support staff are in a stressful or unhealthy environment, it impacts every level of an organization. Whether running a private practice or working for a hospital, keeping support staff productive is crucial.
Healthcare consultants optimize the administration of an organization. They assign support staff to their best possible roles. They analyze each person’s strengths and weaknesses, placing individuals in the best positions.
Many are surprised to discover how smoothly things operate with a few simple changes to administrative structure and support staff. Healthcare consultants know what works at other organizations, and they can recommend actionable changes for your organization to achieve real results.

Healthcare Consulting Provides Powerful Returns on Investment Year After Year

Hiring a healthcare consultant can provide a significant return on investment. You pay money today to discover how your organization can make more money for "

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Dr. Robert West has more than thirty years of executive management experience in health care. Currently Working in HMI Corporation as Chief Executive Officer and Chief Medical Officer in July of 2011.

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Robert West

Robert R West Chief Executive Officer and Chief Medical Officer in HMI Corporation, has more than thirty years of executive management experience in Health Care. more than twenty years ..


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