FINANCIAL
ANALYSIS
Expense Analysis
Overhead Reduction
Budget Development
Management Reports
Fee Structure
Productivity Analysis
Practice
& Liability Consultants can analyze the practice financial
information to determine if additional revenue is needed
to support practice expenses, if expenses are within norms
or can be reduced. We have access to practice benchmark
comparison data for all specialties and use this as a guideline
to determine how to increase gross revenues or decrease
practice expenses that can result in increased net income
for the physician.
Our services also include:
Pro forma revenue
and expense projections to:
Preparation of Management
Reports to Monitor Practice Financial Health:
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PERSONNEL
MANAGEMENT
 Personnel
Policy Development
Morale Building
Hiring and Interviewing
Complete Personnel Manual
Successful personnel management is an art and science just
like medicine. Knowledge of management science and theory
as well as experience in "the art" of personnel
management is what sets Practice & Liability Consultants
apart from other consulting and recruiting firms. Personnel
Policy Development and Manual utilizing our generic personnel
policies and procedures manual developed by nationwide experts
who are human resources consultants and attorneys, our firm
can provide the peace of mind to the practice to protect
physicians from typical employment liability. This product
can be customized for the practice or purchased as a generic
manual.
Please see our Products section.
Analysis of Staffing
Pattern : Practice
& Liability Consultants can analyze the present staffing
pattern in the practice and recommend changes for greater
productivity and utilization of staff. Staff is the largest
practice expense category and effective management of staff
is essential in today's medical practice.
Analysis and comparison to specialty norms:
Recruiting
: Our firm performs recruiting,
interviewing and hiring services to free the physician from
this time consuming task. Selecting the right staff for the
right position is a skill honed over years of experience.
Practice & Liability Consultants is particularly skilled
at recruitment of practice administrators and office managers.
Many physicians are not aware of federal anti-discrimination
interviewing questions. Typical recruiting firms charge 25-30%
of first year salary. We charge 15-20% depending on the position.
Services include :
- Writing and placement of advertisements
- Postcard notification
of receipt of resumes
- Screening of
resumes
- Preliminary
interviewing
- Interviewing
final candidates with physicians
- Reference checks
- Salary and benefits
recommendations
- Employment contracts
- Notification
to applicants of filled position
Morale
and Team Building : Disgruntled
and unhappy staff members can cause the practice to lose patients,
lose excellent staff members, increase malpractice exposure
and cause compliance problems. Rejuvenation of staff morale
and effective team building can attract new patients, new
referral sources, retain valuable staff and create a harmonious,
pleasant work environment.
Services
include:
- Interview staff
members to determine problem areas
- Summary report
to the physicians
- Team building,
morale and motivation exercises
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