Practice and Liability Consultants

ABOUT US I SERVICE I SEMINARS I TESTIMONIALS I MANUALS

	Physician Practice Management and Malpractice Prevention Specialists
	Debra Phairas, President

SERVICE ______________________________________________________________

PRACTICE ASSESSMENTS	MANAGED CARE CONTRACTING
NEW PRACTICE ESTABLISHMENT	PRACTICE VALUATION
FINANCIAL ANALYSIS	HOSPITAL PHYSICIAN RECRUITING SUPPORT
PERSONNEL MANAGEMENT	MALPRACTICE PREVENTION SERVICES
MERGERS / NETWORK FORMATION

PRACTICE ASSESSMENTS

Medical Records
Scheduling
Patient Flow
Telephone Equipment and Use
Insurance Processing

Collection Techniques
Purchasing/Inventory Control
Recall Systems
Staffing Patterns

Practice & Liability Consultants will perform a comprehensive Practice Assessment for you. This assessment will encompass all areas of practice. Your major areas of concern will be emphasized.

The areas typically covered in the Practice Assessment are:

Establish or Review Budget Projections
Management Reporting System
Analyze Revenue/Expense/Net Income - Compare to Benchmark Norms
Analyze Accounts Receivable Ratios
Analyze Physician Compensation/Income Distribution Formulas
Determine Physician Staffing and Scheduling
Analyze Physical Lay-Out
Establish Appropriate Staffing Patterns
Back Office
Front Office
Hours of Operation
Personnel Issues
Cash Flow Considerations
Insurance/Managed Care Contracts
Fees and Charges
Medical/Dental Records
Computer Systems
Telephone and Communication Systems

A comprehensive written report summarizes the findings and recommendations of Practice & Liability Consultants. Our Practice Assessment Report is frequently 35-50 pages in length. Practical, cost-effective solutions along with forms are provided for problem areas that have been identified. Frequently, several options will be provided, with the benefits/costs of each option summarized. Practice & Liability Consultants strongly believe that follow-up is important for you to obtain the full value of any practice assessment. Included as a part of the Practice Assessment are two follow-up visits, at quarterly intervals, to assure that you are on target with your implementation goals. Clients not located in the Bay Area have the option of telephone follow-up or in person follow-up. Airfare is additional. Any problems with implementation that have arisen can be discussed at these meetings.

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NEW PRACTICE ESTABLISHMENT

Utilizing our "Decision Grid" Space Planning
Most medical training programs do not feature sufficient business management curriculum, resulting in graduates who are ill equipped to establish a practice from scratch. Practice & Liability Consultants can assist in establishing the systems and staffing to assure a smooth functioning medical office for a physician who wishes to start a new practice.

A summary of tasks to be assumed would include, but not be limited to:

Determination of a practice location
Assistance with purchase of equipment
Establishment of bookkeeping, medical records, scheduling, and telephone systems
Establishment of personnel policies and procedures
Establishment of accounting, expense, and budget control functions
Recruitment of staff and training
Implementation of marketing and patient relations techniques
Overall management and control to assure a smooth functioning office and a healthy financial status

We have devised a 20 page New Practice Decision Grid that outlines all the detailed tasks it takes to establish the systems within a practice. This provides an organized way by priority with a countdown or time line of tasks which need to be accomplished before the practice opens. The New Practice Decision Grid is also available for purchase.

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