Studies show the likelihood of collecting a patient’s full balance drops 20% as soon as the patient walks out the door.1 Having sound financial policies and processes can help your practice attain a steady cash flow, maintain healthy collection ratios, increase staff efficiencies, and boost your overall bottom line. A TMA practice management consultant can assess your practice’s:
- Overall financial health
- Key financial indicators, in comparison with specialty benchmarks
- Revenue cycle workflow
- Risk of embezzlement
- Coding and documentation accuracy
- Evaluation and management service code utilization
- Medical record documentation
- Standard fee schedule
- Payer mix
- Physician and nonphysician practitioner productivity levels
- Optimization of technologies … and more.
Achieve – and keep your practice at – peak financial performance. Inquire about your options today!
Request Help
BONUS! TMA Practice Consulting offers up to 20 AMA PRA Category 1 Credits™ per physician when an in-depth Revenue Cycle Assessment is performed in a practice. Learn more about the Revenue Cycle Improvement Plan.
If you have questions, contact TMA Practice Consulting at (800) 523-8776 or TMA Practice Consulting.
1 Heidi Jannenga. The Importance of Collections/Avoid Writing Off Copays. WebPT Blog. March 25, 2013.
Last Updated On
September 15, 2022
Originally Published On
July 11, 2022