
Practice Assessment
Can your medical group thrive when reimbursement is declining and costs
are increasing? LarsonAllen can help you improve financial and operational performance.
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Your challenges:
- Creating a plan to pursue new revenue sources or ownership opportunities
- Decreasing reimbursements from third-party payers and increasing accounts receivable days-outstanding
- Rising overhead costs
- Pursuing key strategies to improve financial performance (ASC, Imaging)
- Doing more with less
- Changing business processes and patient flow, from capturing charges to appointment scheduling
- Formulating a strategy that incorporates technology, from EMR to practice management
- Ever-changing regulations and reimbursement parameters
Our approach:
Our philosophy is to bring together the right team for each client. As CPAs,
consultants, and advisors, our relationships are grounded in trust and fairness. We
value open communication, teamwork, and efficiency. We are known for our careful
attention to detail and a strategic, results-driven approach. Many LarsonAllen health
care professionals have spent their careers serving as leaders of medical groups across the
nation. Most importantly, we’ll make sure you understand your best opportunity for
long-term improvement.
LarsonAllen provides significant strategic resources to help you make good business
decisions and sort through the latest trends, laws, and regulatory changes. We combine
national resources, local delivery, and personal service, so you can focus on patient care.
From the front desk to patient flow to billing practices to contractual reimbursement
and compensation, LarsonAllen has the experience to help you implement change in a
medical group.
Some of the tools:
- Revenue cycle assessment and improvement
- Financial benchmarking
- Organizational structure and governance
- Patient-centered care consulting
- EMR practice readiness and analysis
- Third-party payer contract review and negotiations
- Staffing patterns and productivity
- Internal controls review
- Entity structure tax analysis
- Fee schedule analysis
- Coding and charge-capture analysis
Contact us for more information.
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