Physician Practice Groups
Feeley & Driscoll can assist physician practices with complex issues. We will assist you in keeping your business profitable and in compliance with complex, ever-changing Medicare coding and billing issues. Whether you are a hospital based physician practice or an independent practice our experts can assist you with the following services:
- Valuations of primary care and specialty practices.
- Practice Assessments including physician profiling, budgets and turn-around planning.
- Strategic evaluation, including needs assessment, primary and secondary market review, and business line identification.
- Ancillary service valuation for carve out from main hospital business.
- Review the operations of your billing and coding function in an effort to maximize reimbursement, cash flow, and compliance with applicable regulations.
- Develop incentive compensation plans for the physician members of your group.
- Review job descriptions and operational functions of non-physician staff to ensure that you are maximizing the value of those resources.
- Evaluate strategies for expanding market share, investment opportunities to enter new markets, and develop exit strategies for markets that are no longer viable.
- Develop a compliance plan in response to recent OIG advisories.
- Review benchmark coding and documentation requirements.
- Develop financial models to evaluate new services, new physicians, and new locations.
Find out how our expertise in healthcare accountants and consultants can add value to your business. Email us or call us at 1 (888) 875-9770.
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