Financial Management Services

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! 

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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

July 13, 2022

Originally Published On

July 11, 2022