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Revenue Enhancement
With the costs of operating medical practices escalating and third-party
reimbursement declining, the greatest challenge for many medical practices
today is maintaining profitability. Our consultants use assessment and
auditing tools to identify areas of weakness within organizations and
craft solutions that translate into an improved bottom line. A financially
healthy practice is essential to your primary goal of providing quality
patient care. SHR revenue enhancement specialists work with physicians
and staff to ensure full reimbursement for every service.
Just as important as bringing revenue into your practice is making
sure the money flowing out is being spent wisely. We’ll help you
identify ways to lower your overhead without reducing the level of service
you provide and without negatively impacting employee morale.
When it comes to consulting in the areas of revenue enhancement
and overhead control, our clients’ experience is that the cost of
our service pays for itself many times over. Consider the wise investment
of hiring SHR for your practice now.
Practice Growth
There are many ways to develop and enhance your practice – increasing
market share and patient volume, recruiting new physicians, merging with
other practices, adding ancillary services, office expansion – just
to name a few. However you see your organization developing in the years
to come, SHR can help with strategic planning and implementation to make
sure your practice stays healthy and successful.
Operations
Even with steady revenue, controlled risk and a well thought out business
plan in place, the day-to-day operations of a medical practice can still
be challenging. At SHR, we offer comprehensive practice assessments which
include recommendations and implementation strategies to streamline operations
and increase efficiency. We also provide general operational consulting
and human resources management services.
Partnership Issues
Strong leadership and good cooperation make for a healthy practice. Adding
physicians to your group, assisting partners as they move toward retirement,
and accommodating the needs of each member of your organization requires
deliberate planning and collaboration. SHR can assist you with practice
planning, physician/co-owner arrangements, group dynamics, leadership development,
governance issues, and partner/group retreat facilitation.
Risk Reduction
Operating a medical practice has become much more complex in recent years.
Government regulations and complicated compliance mandates place extraordinary
burdens on physicians – not to mention the threat of penalties if
something is overlooked. We offer compliance system set-up as well as cost-effective,
on-site audits to ensure regulatory compliance.
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