Sometimes, you may find yourself in a situation where you need assistance with your medical practice in terms of solving a particular business problem or figuring out a way to maximize your return on investments. However, you may not want to take on additional employees for these purposes, nor do you want to outsource any work due to the costs and lack of control involved in doing so. In such a case, you should consider hiring a medical practice consultant.
A medical practice consultant is a person or company that can analyze certain problems or situations concerning your medical practice and offer up advice in the form of solutions to those problems or ideas that can benefit your business. Good medical practice consultants usually have a lot of experience working with healthcare practices and have a strong understanding of the business. The difference between hiring a medical practice consultant and outsourcing is that consultants typically are highly specialized professionals. They provide targeted and measureable results within an established period of time, which makes them a good fit for short-term and/or project specific projects (e.g. Practice and/or Billing assessments).
If you find yourself needing professional advice or assistance for a short-term project, such as strategic business planning, practice assessments, practice startups, insurance contract negotiations or coding audits, to name a few, you could benefit from the use of a medical practice consultant. Not only can medical practice consultants bring their experience and expertise to the table when dealing with such situations and projects, but they bring a fresh eye as well. If you’re facing a particular problem that you’re having trouble solving, it’s often because you’re too close to the practice to be able to view the problem objectively. A medical practice consultant could identify the source of your problem immediately as well as suggest effective solutions.
When hiring a medical practice consultant, you should resist the temptation to simply dump the problem onto the consultant’s lap and let them take care of it. While this can be possible, it’s a better idea to work with the consultant as a partner by collaborating with them closely. This will ensure that the work being done is consistent with what you want and what you need. Because the consultant is going to be someone that you’ll work closely with and that you are going to trust an important part of your practice with, it’s important that you hire a medical practice consultant that is reputable.
Here are some of the pros of contracting a medical billing company:
Find out how long they’ve been in the business -
The longer they’ve worked as a medical practice consultant, the more effective they’ll be. Not only is their experience a strong indicator of their quality, but it also means that they can recognize certain situations and problems and will know what solutions will work.
Find out what types of practices they tend to consult -
Make sure that the experience that they have is relevant to your practice. The medical field is very broad, after all.
Determine if you get along -
You’ll want to work with someone you like and respect.
ProMD Practice Management is happy to help with your billing assessment needs so you can maximize profits and increase patient satisfaction. To learn more about how ProMD can make your practice run like a well-oiled machine, call 888-622-7498 or fill out our online form to request a billing assessment.